Franklin, IN demographics:
population, income, and more

Total population
26,168
0.7% year-over-year change
Median household income
$82,380/yr
6.6% year-over-year change
Housing units
10,275
3.5% year-over-year change

Franklin population

How many people live in Franklin

Franklin is home to 26,168 residents, according to the most recent Census data. Gender-wise, 46.9% of Franklin locals are male, and 53.1% are female.

Total population
26,168
0.7% year-over-year change
Gender ratio
Male
46.9%
12,269
Female
53.1%
13,899
Value Percent YoY change
Male 12,269 46.9% 1.2%
Female 13,899 53.1% 0.2%
A higher population often means more rental variety and livelier areas. The gender balance—how many men live here compared to women—can reveal a lot about the community and the lifestyles of its residents. Use this info to get a sense of the area's pace and personality.

Age demographics

The median age in Franklin is 34, with the population distributed as follows: about 20.8% are children under 15, then 14.5% are in the 15 to 24 age group. Adults between 25 and 44 make up 28.3% of the population, while another 20.9% fall into the 45 to 64 bracket. Finally, around 15.5% are 65 or older.

Median age
34.5
Age breakdown
Under 15
20.8%
15 to 24
14.5%
25 to 44
28.3%
45 to 64
20.9%
Over 65
15.5%
Value Percent YoY change
Under 15 5,452 20.8% -2.1%
15 to 24 3,787 14.5% -7.4%
25 to 44 7,405 28.3% 8.8%
45 to 64 5,469 20.9% -0.6%
Over 65 4,055 15.5% 0.6%
The age composition helps you get insight into who lives in the area. A younger population might mean a more active, fast-paced vibe, while an older one could suggest a quieter, slower lifestyle. If there's a balanced makeup, you’re likely to find a variety of services, housing types, and community spaces that cater to different life stages.

Racial makeup

In Franklin, 96.5% of the population are US-born citizens, while 2.5% have gained naturalized citizenship. At the same time, 1% of residents are non-citizens. As for race, 90.3% of locals are Caucasian, 3% are African American and 1.5% have Asian roots. There’s also a share of 4% that includes residents with two or more races.

Citizenship
U.S.-born citizens
96.5%
Non-U.S.-born citizens
2.5%
Non-citizens
1%
Value Percent YoY change
U.S.-born citizens 25,251 96.5% -0.3%
Non-U.S.-born citizens 656 2.5% 50.8%
Non-citizens 261 1% 14.5%
Racial breakdown
White
90.3%
Black or African American
3%
American Indian and Alaska Native
0%
Asian
1.5%
Native Hawaiian and other Pacific Islander
0.1%
Two or more races
4%
Other
1%
Value Percent
White 23,639 90.3%
Black or African American 793 3%
American Indian and Alaska Native 9 0%
Asian 384 1.5%
Native Hawaiian and other Pacific Islander 25 0.1%
Two or more races 1,045 4%
Other 273 1%

Households in Franklin

A peek inside Franklin households

Franklin has 9,590 households, with an average of 3 members in each. Of these, 65.8% are families, while the remaining 34.2% are made up of individuals living alone or with non-relatives, such as roommates.

Households stats

Total households
9,590
3.3% year-over-year change
Average people per household
3
Non-family households
3,285
Family households
6,305
Value Percent YoY change
Non-family households 3,285 34.2% 6.7%
Family households 6,305 65.8% 1.6%
The mix between family and non-family households gives a glimpse into daily life. A higher percentage of families might mean more parks and schools, while more non-family setups can mean flexible housing and diverse living styles. For renters, this can signal what kinds of homes are common and can help you figure out if the area matches your lifestyle.

Housing in Franklin

The housing landscape of Franklin

Franklin's housing consists of 10,275 units, with 74.5% being detached single-family homes ideal for those wanting space. Attached options, including duplexes and townhouses, make up 5.4% and offer a more compact, shared living style. Then there are the multifamily buildings in the area, and for those seeking flexibility, non-traditional options like mobile homes account for 3.7% of the housing landscape.

Housing units
10,275
3.5% year-over-year change
Housing types
Value Percent
1 unit, detached 7,653 74.5%
1 unit, attached 560 5.4%
2 units 327 3.2%
3 or 4 units 250 2.4%
5 to 9 units 491 4.8%
10 to 19 units 335 3.3%
20 to 49 units 73 0.7%
50 or more units 210 2%
Mobile home 376 3.7%
Homes built since 2020
328
31.7% year-over-year change

The age of buildings in Franklin

In Franklin, the median construction year is 1994. About 10.6% of homes were built before the 1940s, with another 5.2% going up by 1949. Most development happened in the second half of the 20th century. Then, 23.8% of homes were added from 2000 to 2009, 9.3% between 2010 and 2019, and 3.2% are part of the newest wave of development.

Construction year breakdown by decade
Value Percent YoY change
Built in 1939 or earlier 1,084 10.6% 4.1%
Built between 1940 and 1949 535 5.2% 25.3%
Built between 1950 and 1959 618 6% 1.1%
Built between 1960 and 1969 837 8.2% 11.4%
Built between 1970 and 1979 568 5.5% -5.5%
Built between 1980 and 1989 704 6.8% -8.0%
Built between 1990 and 1999 2,199 21.4% 0.8%
Built between 2000 and 2009 2,448 23.8% 9.9%
Built between 2010 and 2019 954 9.3% -10.8%
Built in 2020 or later 328 3.2% 31.7%
As a renter, knowing when homes were built helps you understand the potential condition and design of rental units. Newer builds may have more contemporary layouts, while older homes can offer character or larger lots, depending on the area.

Franklin occupancy rates

Out of the 9,590 occupied housing units in Franklin, 65.7% are owner-occupied, while 34.3% are lived in by tenants. Meanwhile, 6.7% of all homes on the local market sit vacant.

Occupied housing units
9,590
3.3% year-over-year change
Occupancy breakdown
Renter occupied
3,288
Owner occupied
6,302
Value Percent YoY
change
Renter occupied 3,288 34.3% 5.3%
Owner occupied 6,302 65.7% 2.2%
Unoccupied housing units
6.7%
Unoccupied housing units refer to homes that are currently without residents—whether they're waiting for renters or owners, used seasonally, or simply unclaimed. A higher share of empty homes may mean more housing availability, while a low number can reflect a tighter market with more competition. This, along with the renter-vs.-owner mix, helps paint a clearer picture of what types of housing and services are likely to be available in the area.

Franklin housing costs

Housing costs in Franklin come to a median of $1,214 per month, while tenants specifically pay a median gross rent of $1,186.

Median housing costs per month
$1,214/month
This figure sums up typical monthly housing costs for all households in the area. If you own, it includes mortgage payments in addition to property taxes, insurance and HOA fees. If you rent, it accounts for rent plus extras like utilities. It’s useful for seeing how local living expenses stack up compared to other places.
Median gross rent in Franklin
$1,186/month
Gross rent gives a more complete look at what renters actually pay, including not just base rent, but also utilities and fees. It’s a key number for evaluating rental affordability in your area of interest and understanding how it compares to nearby locations.

Education in Franklin

Franklin education at a glance

About 37.6% of the population in Franklin went to high school, while 24.8% pursued college studies. Another 9.7% earned an associate degree and 17.4% hold a bachelor’s. Meanwhile, 7.7% went even further, earning a master’s or doctorate.

Education level
Value Percent YoY change
No high school 533 2.7% 26.9%
High school diploma 7,410 37.6% -5.9%
College diploma 4,879 24.8% -1.1%
Associate degree 1,914 9.7% 5.6%
Bachelor's degree 3,437 17.4% 18.5%
Graduate degree 1,524 7.7% 11.3%
A community’s education mix can offer insights into the local economy and housing market. Higher levels of education often align with more job opportunities and stable incomes, which can increase demand for homes and influence both rent prices and rental availability.

Income in Franklin

How much people earn in Franklin

The average annual household income in Franklin was $98,378 in 2024, the most recent annual data available, according to the U.S. Census Bureau. This marked a +5.9% change from the previous year. At the same time, the median income stood at $82,380, reflecting a +6.6% shift over the same period.

Average household income in Franklin
$98,378/year
5.9% year-over-year change
Median household income in Franklin
$82,380/year
6.6% year-over-year change

Franklin income by age

In Franklin, households led by residents aged 25 to 44 — usually in the early to mid stages of their careers — have a median income of $95,625. Those with someone between 45 and 64 in charge, often well established professionally, earn $95,991 overall. Younger households, where the main provider is under 25 and just starting out, report a median income of $62,853, while those led by someone over 65, many of whom may be retired, have about $42,426 in earnings. Overall, 88.8% of the locals in this community live above the poverty line.

Income breakdown by age
Value YoY change
Under 25 $62,853 3.5%
25 - 44 $95,625 7.8%
45 - 64 $95,991 0.2%
Over 65 $42,426 11.0%
Above poverty level
21,724
Below poverty level
2,738
Value Percent YoY
change
Above poverty level 21,724 88.8% 0.9%
Below poverty level 2,738 11.2% -1.9%

Average renter income in Franklin

To get a better sense of what renters earn on average in Franklin, their median household income was $44,322 according to 2022 Census data. In addition, the rent-to-income ratio in the area, at 32.1%, shows what portion of their earnings goes toward housing expenses.

Renter median household income
$44,322
Rent-to-income ratio
32.1%
Understanding the rent-to-income ratio can help renters gauge if local housing costs align with their earnings. A ratio under 30% usually signals affordability, while exceeding this mark means rent is taking a larger-than-recommended bite out of income. That could make it harder for you to cover other costs like transportation, healthcare, or child care.

Employment in Franklin

Workforce and job types in Franklin

The job market in Franklin is powered by 12,782 working residents, spread across a range of industries and roles. 76% of the working population are employed in professional or administrative positions, while 24% are in hands-on or service-based jobs. Also, 6.4% run their own businesses, 71.8% are employed by private companies, and 12.4% work in the public sector.

Workforce demographics

Working population
12,782
3.6% year-over-year change
White collar
9,714
Blue collar
3,068
Value Percent YoY change
White collar 9,714 76% 7.9%
Blue collar 3,068 24% -8.0%
Employer type
Self employees
6.4%
Private companies
71.8%
Governmental workers
12.4%
Not for profit companies
9.4%
Value Percent YoY change
Self employees 818 6.4% -4.4%
Private companies 9,171 71.8% 2.5%
Governmental workers 1,586 12.4% 8.6%
Not for profit companies 1,207 9.4% 12.6%
Unemployment rate
3.9%
3.4% year-over-year change

Available workforce

The unemployment rate in Franklin stands at 3.9%, representing the share of the workforce currently without a job and actively looking for one.

For renters, the unemployment rate helps paint a picture of job security and financial stability in the area. Rates around 4% to 5% are considered typical. A lower-than-average rate might suggest strong job prospects and a thriving local economy, while a higher rate could hint at fewer opportunities—both useful to consider when planning a move.

Transportation in Franklin

How people get around in Franklin

Commuting methods vary: 86.3% of residents travel by personal vehicle and 0.8% prefer to walk, while the remaining share relies on public transit or on two wheelers to get from A to B.

Means of transportation
Value Percent YoY change
Car 10,987 86.3% 2.4%
Bus or trolleybus 31 0.2% -38.0%
Bicycle 38 0.3% 123.5%
Walk 103 0.8% -34.8%
Understanding how locals get to work can help you plan your own routine. High car usage might mean you’ll need a vehicle, while strong public transit or walkability could save you the hassle. Commute times also play a big role in quality of life—shorter trips can give you more time for the things you enjoy.

What is the median and average household income in Franklin by zipcode?

Zipcode Population Number of households Median income Average income
46131 34,647 12,494 $85,076 $103,755

Find your place

Explore more communities

FAQs about Franklin demographics 

What is the total population of Franklin?

Franklin has a total population of 26,168 residents, according to the latest release from the U.S. Census Bureau: the 2019-2023 American Community Survey (ACS) 5-year estimates. This figure changed by +0.7% compared to a year ago.

What is the gender ratio in Franklin?

The gender ratio in Franklin is as follows:
  • 46.9% males (12,269 residents)
  • 53.1% females (13,899 residents)

What is the median age in Franklin?

The median age in Franklin is 34.5.

What is the age distribution of the population in Franklin?

The age distribution in Franklin is as follows:
  • Under 15: 20.8% (5,452 residents)
  • Ages 15-24: 14.5% (3,787 residents)
  • Ages 25-44: 28.3% (7,405 residents)
  • Ages 45-64: 20.9% (5,469 residents)
  • Over 65: 15.5% (4,055 residents)

What is the racial and ethnic makeup of Franklin?

The racial and ethnic makeup of Franklin is as follows:
  • White: 90.3% (23,639 residents)
  • Black or African American: 3% (793 residents)
  • American Indian and Alaska Native: 0% (9 residents)
  • Asian: 1.5% (384 residents)
  • Native Hawaiian and Other Pacific Islander: 0.1% (25 residents)
  • Two or More Races: 4% (1,045 residents)
  • Other: 1% (273 residents)

What percentage of the population in Franklin are U.S.-born citizens?

U.S.-born citizens represent 96.5% of the population in Franklin.

How many housing units are there in Franklin?

There are 10,275 housing units in Franklin, reflecting a +3.5% change compared to the previous year, according to the latest data from the U.S. Census Bureau.

How many households are in Franklin and what is the average household size?

Franklin has a total of 9,590 households, with an average of 3 people in each.

What is the median household income in Franklin?

Franklin has a median household income of $82,380, representing a +6.6% shift from the previous year, according to the U.S. Census Bureau.

What is the employment rate and job market overview for Franklin?

The employment rate is 96.1% in Franklin, with a workforce of 12,782 residents. Here’s a detailed breakdown of the local job market:

Job types:
  • White-collar workers: 76% (9,714 residents)
  • Blue-collar workers: 24% (3,068 residents)

Places of employment:
  • Self-employed: 6.4% (818 residents)
  • Private companies: 71.8% (9,171 residents)
  • Governmental workers: 12.4% (1,586 residents)
  • Not-for-profit companies: 9.4% (1,207 residents)

Data source & methodology

The demographic data on this page was sourced from the latest U.S. Census Bureau release—the 2019–2023 American Community Survey (ACS) 5-year estimates.

The information, issued annually, is compiled and published by the Point2Homes Research Team as soon as new data becomes available.

No representation, guarantee, or warranty is made concerning the accuracy or completeness of modified or aggregated information for particular areas.

Page last updated: September 2025