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CITY · 2020 ACS

Franklin

Indiana · 25,313 residents · 15.305 sq mi
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The short version

Franklin has roughly average household income, with a median household income of $60,500. Population has grown 30% since 2000. 21% of adults hold a bachelor's degree or higher, below the national rate of 33%. Median home value is $145,200.

At a glance
Lower income
below the US median
US median: $66,278
Younger
median age 36.5
US median: 38.8
Less educated
21% hold a bachelor's degree
US average: 33%
Stable housing
home values roughly flat, inflation adjusted
US median home: $265,253
Section 01

Population & growth

Total population
25,313
+30%since 2000
from 19,463 in 2000
1990 – 2025
Population density
1,654 / sq mi
+30%since 2000
from 1,272 / sq mi in 2000
US average: 280
Median age
36.5
+11%since 2000
from 33.0 in 2000
US average: 38.8
Population, 1990 – 2024
12K16K20K24K27K1990201020202024Franklin
202426K
1990201020202024
Section 02

Income & economy

Median household income
$60,500
−11%inflation adjusted, since 2000
from $45,414 in 2000
US average: $66,278
1990 – 2024
Per capita income
$27,085
+43%since 2000
from $18,937 in 2000
US average: $35,364
Households earning $100K+
38.9%
+11.5 ptssince 2009
from 27.4% in 2009
US average: 43.9%
Poverty rate
11.5%
+3.9 ptssince 2000
from 7.6% in 2000
US average: 12.8%
Workforce by industry, 2020
Retail trade16.6%
US avg: 10%
Information10.2%
US avg: 11.1%
Wholesale trade7.9%
US avg: 6.7%
Finance & insurance6.7%
US avg: 5.5%
Professional, scientific, technical6.4%
US avg: 4.7%
Other services4.1%
US avg: 6.6%
Public administration2.9%
US avg: 4.7%
Transportation & warehousing2.9%
US avg: 2.5%
Agriculture, forestry, fishing0.8%
US avg: 1.7%
Arts, entertainment, food0.6%
US avg: 2%
Manufacturing0.4%
US avg: 0.5%
Construction0.3%
US avg: 1.2%
Education & health services0.3%
US avg: 0.8%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03

Housing

Median home value
$145,200
−1%inflation adjusted, since 2000
from $97,600 in 2000
US average: $265,253
1990 – 2024
Median gross rent
$904
+4%inflation adjusted, since 2000
from $579 in 2000
US average: $1,124
Owner-occupied
65.2%
−3.4 ptssince 2000
from 68.6% in 2000
34.8% rent
Afford Score
2.4
+12%since 2000
from 2.1 in 2000
1990 – 2024
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)
2020
White, non-Hispanic88.3%(22,363)
Black1.7%(430)
Hispanic / Latino4.2%(1,059)
Asian1.1%(280)
Other2.1%(522)
Diversity Score21.8%(5,521)
Diversity Score
22
+198%since 2000
from 7 in 2000
1990 – 2024
Section 05

Education

Bachelor's degree or higher
21.2%
+3.3 ptssince 2000
from 17.9% in 2000
US average: 32.9%
High school or higher
91.2%
+11.7 ptssince 2000
from 79.4% in 2000
US average: 88.5%
Graduate degree
7.2%
−0.4 ptssince 2000
from 7.6% in 2000
US average: 12.7%
Section 06

Commute & transportation

Average commute
25.2 min
+69%since 2000
from 14.9 min in 2000
US average: 26.9
Drive alone to work
82.2%
−4.7 ptssince 2009
from 86.9% in 2009
US average: 75.1%
No vehicle available
4.4%
−1.1 ptssince 2009
from 5.5% in 2009
US average: 8.4%
Section 07

Work & employment

Unemployment rate
5.8%
−2.2 ptssince 2011
from 8.0% in 2011
US average: 5.4%
Labor force participation
65.6%
Unchangedsince 2011
from 65.7% in 2011
US average: 63.4%
Management & professional
33.2%
−27.7 ptssince 2009
from 60.9% in 2009
US average: 39.3%
Section 08

People & community

Male
47.4%
+0.1 ptssince 2009
from 47.3% in 2009
Female
52.6%
−0.1 ptssince 2009
from 52.7% in 2009
Foreign born
1.3%
−0.4 ptssince 2009
from 1.7% in 2009
US average: 13.5%
Uninsured
6.5%
−83.1 ptssince 2013
from 89.6% in 2013
US average: 8.8%
Drill deeper

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Compare Franklin to nearby cities

FRANKLIN VS
Greenwood
Income$83,608+38%
Home value$276,100+90%
Population69,349+159%
SEE FULL COMPARISON →
FRANKLIN VS
Bargersville
Income$114,231+89%
Home value$438,900+202%
Population11,862−56%
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FRANKLIN VS
Shelbyville
Income$55,602−8%
Home value$174,700+20%
Population21,204−21%
SEE FULL COMPARISON →
FRANKLIN VS
Beech Grove
Income$49,973−17%
Home value$182,600+26%
Population14,671−45%
SEE FULL COMPARISON →
Frequently asked

How many people live in Franklin, Indiana?

Franklin, Indiana has about 25,313 residents according to the 2020 American Community Survey.

What is the median household income in Franklin, Indiana?

The typical household in Franklin, Indiana earns about $60,500 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 $145,200, and the typical rent is about $904 a month.

How educated are people in Franklin, Indiana?

About 21.2% 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 11.5% 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 12,406 residents, a change of about 96 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 →