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CITY

Franklin

North Carolina · 4,403 residents (2025 est.) · 4.943 sq mi
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The short version

Franklin has notably lower household income than the US average, with a median household income of $47,888. Population has grown 22% since 2000. Median home value has more than doubled since 2000, reaching $195,000. With a median age of 48.1, the population is older than the US median of 38.9. Households here earn about 34% less than the North Carolina median.

At a glance
Lower income
below the US median
US median: $82,259
Older
median age 48.1
US median: 38.9
Less educated
26% hold a bachelor's degree
US average: 36%
Stable housing
home values roughly flat, inflation adjusted
US median home: $376,019
Section 01

Population & growth

Total population
4,268
+22%since 2000
from 3,490 in 2000
1990 – 2025
Population density
863 / sq mi
+22%since 2000
from 706 / sq mi in 2000
US average: 281
Median age
48.1
+14%since 2000
from 42.3 in 2000
US average: 38.9

PEP 2025 EST:4,403 residents (Census Bureau Vintage 2025, released March 2026)

Population, 1990 – 2024
3K3K4K4K4K1990201020202024Franklin
20244K
1990201020202024
Section 02

Income & economy

Median household income
$47,888
+22%inflation adjusted, since 2000
from $21,534 in 2000
US average: $82,259
1990 – 2024
Per capita income
$33,501
+121%since 2000
from $15,129 in 2000
US average: $44,673
Households earning $100K+
26.8%
+16.0 ptssince 2009
from 10.8% in 2009
US average: 53.3%
Poverty rate
12.7%
−8.2 ptssince 2000
from 20.9% in 2000
US average: 12.5%
Income inequality (Gini)
0.454
+16%since 2010
from 0.393 in 2010
US average: 0.476
Workforce by industry, 2024
Information15.3%
US avg: 10.8%
Wholesale trade10.4%
US avg: 6.9%
Other services8.4%
US avg: 6.7%
Public administration7.3%
US avg: 4.8%
Retail trade3.7%
US avg: 9.9%
Transportation & warehousing3%
US avg: 2.2%
Finance & insurance2.9%
US avg: 5.9%
Professional, scientific, technical2%
US avg: 5.1%
Agriculture, forestry, fishing1.2%
US avg: 1.6%
Education & health services0.9%
US avg: 0.9%
Arts, entertainment, food0.9%
US avg: 1.9%
Construction0.6%
US avg: 1.2%
Manufacturing0.6%
US avg: 0.4%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03

Housing

Median home value
$195,000
+25%inflation adjusted, since 2000
from $85,800 in 2000
US average: $376,019
1990 – 2024
Median gross rent
$725
−16%inflation adjusted, since 2000
from $471 in 2000
US average: $1,442
Owner-occupied
58.2%
+0.3 ptssince 2000
from 57.9% in 2000
41.8% rent
Vacancy rate
9.6%
−3.8 ptssince 2009
from 13.5% in 2009
US average: 10.0%
Owner cost-burdened
13.2%
−10.3 ptssince 2009
from 23.5% in 2009
US average: 22.9%
Renter cost-burdened
34.6%
−8.3 ptssince 2009
from 42.9% in 2009
US average: 47.4%
Afford Score
4.1
+2%since 2000
from 4.0 in 2000
1990 – 2024
Gentrification Score
39
RELATED:See current rent listings in Franklin on RentDataNow
Section 04

Race & ethnicity

2000
White, non-Hispanic93%(3,246)
Black2%(69)
Hispanic / Latino3%(105)
Asian0.6%(22)
Other0%
Diversity Score13.7%(477)
2024
White, non-Hispanic79.6%(3,397)
Black4.2%(178)
Hispanic / Latino9%(386)
Asian0.7%(32)
Other6.4%(275)
Diversity Score44%(1,880)
Diversity Score
44
+222%since 2000
from 14 in 2000
1990 – 2024
Section 05

Education

Bachelor's degree or higher
25.6%
+9.7 ptssince 2000
from 15.9% in 2000
US average: 35.6%
High school or higher
85.4%
+3.8 ptssince 2000
from 81.5% in 2000
US average: 89.6%
Graduate degree
8.7%
+4.5 ptssince 2000
from 4.2% in 2000
US average: 14.0%
Section 06

Commute & transportation

Average commute
23.1 min
+88%since 2000
from 12.3 min in 2000
US average: 26.5
Drive alone to work
85.1%
+3.9 ptssince 2009
from 81.2% in 2009
US average: 68.9%
Carpooled to work
9.1%
−7.0 ptssince 2009
from 16.1% in 2009
US average: 8.5%
Public transit
0.0%
Unchangedsince 2009
from 0.0% in 2009
US average: 3.2%
Worked from home
5.0%
+3.7 ptssince 2009
from 1.3% in 2009
US average: 15.0%
Walked to work
0.8%
+0.1 ptssince 2009
from 0.7% in 2009
US average: 2.4%
Biked to work
0.0%
Unchangedsince 2009
from 0.0% in 2009
US average: 0.4%
No vehicle available
5.6%
−1.2 ptssince 2009
from 6.8% in 2009
US average: 8.3%
Section 07

Work & employment

Unemployment rate
2.3%
−5.7 ptssince 2011
from 8.0% in 2011
US average: 5.2%
Labor force participation
53.3%
−0.6 ptssince 2011
from 53.9% in 2011
US average: 63.5%
Self-employed
16.1%
+4.1 ptssince 2009
from 12.0% in 2009
US average: 13.1%
Management & professional
25.7%
−30.6 ptssince 2009
from 56.4% in 2009
US average: 42.5%
Section 08

People & community

Male
45.3%
+0.5 ptssince 2009
from 44.8% in 2009
Female
54.7%
−0.5 ptssince 2009
from 55.2% in 2009
Foreign born
8.0%
+4.1 ptssince 2009
from 3.9% in 2009
US average: 14.1%
Veterans
8.2%
−36.4 ptssince 2009
from 44.6% in 2009
US average: 6.2%
With a disability
18.8%
−2.2 ptssince 2012
from 21.0% in 2012
US average: 13.3%
Uninsured
12.2%
−59.9 ptssince 2013
from 72.1% in 2013
US average: 8.4%
Broadband at home
82.5%
+19.8 ptssince 2017
from 62.7% in 2017
US average: 91.0%
English only at home
91.9%
+8.9 ptssince 2016
from 82.9% in 2016
US average: 77.7%
Spanish at home
6.8%
−9.2 ptssince 2016
from 16.0% in 2016
US average: 13.6%
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FRANKLIN VS
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FRANKLIN VS
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Frequently asked

How many people live in Franklin, North Carolina?

Franklin, North Carolina has about 4,268 residents according to the 2024 American Community Survey.

What is the median household income in Franklin, North Carolina?

The typical household in Franklin, North Carolina earns about $47,888 a year. Half of households make more than that, and half make less.

Is Franklin, North Carolina expensive?

In Franklin, North Carolina, the median home is worth about $195,000, and the typical rent is about $725 a month.

How educated are people in Franklin, North Carolina?

About 25.6% of adults age 25 and over in Franklin, North Carolina hold a bachelor's degree or higher.

What is the poverty rate in Franklin, North Carolina?

About 12.7% of people in Franklin, North Carolina live below the federal poverty line.

Has Franklin, North Carolina grown since 1990?

Yes, Franklin, North Carolina has grown since 1990. The population has added about 1,433 residents, a change of about 51 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 →