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CITY

Franklin

Indiana · 26,743 residents (2025 est.) · 15.305 sq mi
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The short version

Franklin has roughly average household income, with a median household income of $82,380. Population has grown 34% since 2000. Median home value has more than doubled since 2000, reaching $231,500. At a median age of 34.5, residents skew younger than the country as a whole.

At a glance
Average income
near the US median
US median: $82,259
Younger
median age 34.5
US median: 38.9
Less educated
28% hold a bachelor's degree
US average: 36%
Less affordable
home values up 30%, inflation adjusted
US median home: $376,019
Section 01

Population & growth

Total population
26,168
+34%since 2000
from 19,463 in 2000
1990 – 2025
Population density
1,710 / sq mi
+34%since 2000
from 1,272 / sq mi in 2000
US average: 281
Median age
34.5
+5%since 2000
from 33.0 in 2000
US average: 38.9

PEP 2025 EST:26,743 residents (Census Bureau Vintage 2025, released March 2026)

Population, 1990 – 2024
12K16K20K24K27K1990201020202024Franklin
202426K
1990201020202024
Section 02

Income & economy

Median household income
$82,380
Unchangedinflation adjusted, since 2000
from $45,414 in 2000
US average: $82,259
1990 – 2024
Per capita income
$37,366
+97%since 2000
from $18,937 in 2000
US average: $44,673
Households earning $100K+
53.2%
+25.8 ptssince 2009
from 27.4% in 2009
US average: 53.3%
Poverty rate
11.0%
+3.4 ptssince 2000
from 7.6% in 2000
US average: 12.5%
Income inequality (Gini)
0.438
+12%since 2010
from 0.392 in 2010
US average: 0.476
Workforce by industry, 2024
Information13.8%
US avg: 10.8%
Retail trade11.3%
US avg: 9.9%
Finance & insurance7.3%
US avg: 5.9%
Professional, scientific, technical6.8%
US avg: 5.1%
Wholesale trade6.2%
US avg: 6.9%
Other services4.1%
US avg: 6.7%
Public administration2.7%
US avg: 4.8%
Transportation & warehousing2%
US avg: 2.2%
Arts, entertainment, food1.1%
US avg: 1.9%
Education & health services0.5%
US avg: 0.9%
Agriculture, forestry, fishing0.4%
US avg: 1.6%
Manufacturing0.2%
US avg: 0.4%
Construction0.2%
US avg: 1.2%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03

Housing

Median home value
$231,500
+30%inflation adjusted, since 2000
from $97,600 in 2000
US average: $376,019
1990 – 2024
Median gross rent
$1,186
+12%inflation adjusted, since 2000
from $579 in 2000
US average: $1,442
Owner-occupied
65.7%
−2.9 ptssince 2000
from 68.6% in 2000
34.3% rent
Vacancy rate
6.7%
−1.0 ptssince 2009
from 7.7% in 2009
US average: 10.0%
Owner cost-burdened
18.8%
−2.1 ptssince 2009
from 20.9% in 2009
US average: 22.9%
Renter cost-burdened
44.4%
+1.3 ptssince 2009
from 43.0% in 2009
US average: 47.4%
Afford Score
2.8
+31%since 2000
from 2.1 in 2000
1990 – 2024
Gentrification Score
67
RELATED:See current rent listings in Franklin on RentDataNow
Section 04

Race & ethnicity

2000
White, non-Hispanic96%(18,680)
Black1.2%(228)
Hispanic / Latino1.3%(254)
Asian0.5%(93)
Other0%
Diversity Score7.3%(1,423)
2024
White, non-Hispanic90%(23,552)
Black2.7%(717)
Hispanic / Latino2.7%(703)
Asian1.5%(384)
Other3.1%(812)
Diversity Score23.4%(6,126)
Diversity Score
23
+220%since 2000
from 7 in 2000
1990 – 2024
Section 05

Education

Bachelor's degree or higher
27.8%
+9.9 ptssince 2000
from 17.9% in 2000
US average: 35.6%
High school or higher
91.4%
+12.0 ptssince 2000
from 79.4% in 2000
US average: 89.6%
Graduate degree
8.7%
+1.2 ptssince 2000
from 7.6% in 2000
US average: 14.0%
Section 06

Commute & transportation

Average commute
25.0 min
+68%since 2000
from 14.9 min in 2000
US average: 26.5
Drive alone to work
77.2%
−9.7 ptssince 2009
from 86.9% in 2009
US average: 68.9%
Carpooled to work
9.1%
+2.2 ptssince 2009
from 7.0% in 2009
US average: 8.5%
Public transit
0.2%
−0.4 ptssince 2009
from 0.6% in 2009
US average: 3.2%
Worked from home
11.5%
+9.7 ptssince 2009
from 1.8% in 2009
US average: 15.0%
Walked to work
0.8%
−2.4 ptssince 2009
from 3.2% in 2009
US average: 2.4%
Biked to work
0.3%
+0.1 ptssince 2009
from 0.2% in 2009
US average: 0.4%
No vehicle available
4.7%
−0.8 ptssince 2009
from 5.5% in 2009
US average: 8.3%
Section 07

Work & employment

Unemployment rate
3.9%
−4.1 ptssince 2011
from 8.0% in 2011
US average: 5.2%
Labor force participation
65.5%
−0.1 ptssince 2011
from 65.7% in 2011
US average: 63.5%
Self-employed
13.0%
+2.3 ptssince 2009
from 10.8% in 2009
US average: 13.1%
Management & professional
42.7%
−18.2 ptssince 2009
from 60.9% in 2009
US average: 42.5%
Section 08

People & community

Male
46.9%
−0.4 ptssince 2009
from 47.3% in 2009
Female
53.1%
+0.4 ptssince 2009
from 52.7% in 2009
Foreign born
2.9%
+1.3 ptssince 2009
from 1.7% in 2009
US average: 14.1%
Veterans
5.0%
−42.0 ptssince 2009
from 47.1% in 2009
US average: 6.2%
With a disability
14.7%
+0.9 ptssince 2012
from 13.8% in 2012
US average: 13.3%
Uninsured
4.7%
−84.9 ptssince 2013
from 89.6% in 2013
US average: 8.4%
Broadband at home
88.6%
+11.6 ptssince 2017
from 77.0% in 2017
US average: 91.0%
English only at home
96.3%
+0.5 ptssince 2016
from 95.8% in 2016
US average: 77.7%
Spanish at home
1.3%
−0.8 ptssince 2016
from 2.1% in 2016
US average: 13.6%
Drill deeper

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Head to head

Compare Franklin to nearby cities

FRANKLIN VS
Greenwood
Income$83,608+1%
Home value$276,100+19%
Population69,349+159%
SEE FULL COMPARISON →
FRANKLIN VS
Bargersville
Income$114,231+39%
Home value$438,900+90%
Population11,862−56%
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FRANKLIN VS
Shelbyville
Income$55,602−33%
Home value$174,700−25%
Population21,204−21%
SEE FULL COMPARISON →
FRANKLIN VS
Beech Grove
Income$49,973−39%
Home value$182,600−21%
Population14,671−45%
SEE FULL COMPARISON →
Frequently asked

How many people live in Franklin, Indiana?

Franklin, Indiana has about 26,168 residents according to the 2024 American Community Survey.

What is the median household income in Franklin, Indiana?

The typical household in Franklin, Indiana earns about $82,380 a year. Half of households make more than that, and half make less.

Is Franklin, Indiana expensive?

In Franklin, Indiana, the median home is worth about $231,500, and the typical rent is about $1,186 a month.

How educated are people in Franklin, Indiana?

About 27.8% of adults age 25 and over in Franklin, Indiana hold a bachelor's degree or higher.

What is the poverty rate in Franklin, Indiana?

About 11.0% of people in Franklin, Indiana live below the federal poverty line.

Has Franklin, Indiana grown since 1990?

Yes, Franklin, Indiana has grown since 1990. The population has added about 13,261 residents, a change of about 103 percent over that period.

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DATA: US CENSUS BUREAU ACS 5-YEAR + DECENNIAL CENSUS · UPDATED 2024

How we source and harmonize this data →

Franklin, Indiana: demographics, income & housing data · CensusEasy