Franklin, IN

Census Place

2024 Population

26,168

US Senator

Todd Young

Republican Party

US Senator

Jim Banks

Republican Party

2024 Median Age

34.5

1.47% 1-year increase

2024 Poverty Rate

11%

2.68% 1-year decrease

2024 Median Household Income

$82,380

6.56% 1-year growth

2024 Median Property Value

$231,500

Population & Diversity

Franklin, IN is home to a population of 26.2k people, from which 99% are citizens.

As of 2024, 2.92% of Franklin, IN residents were born outside of the country (764 people).

In 2024, there were 32.8 times more White (Non-Hispanic) residents (23.6k people) in Franklin, IN than any other race or ethnicity. There were 717 Black or African American (Non-Hispanic) and 566 Two Races Excluding Other, & Three or More Races (Non-Hispanic) residents, the second and third most common ethnic groups.

Population & Diversity

Citizenship

99%

2024 Citizenship

99.1%

2023 Citizenship

As of 2024, 99% of Franklin, IN residents were US citizens, which is higher than the national average of 93.2%. In 2023, the percentage of US citizens in Franklin, IN was 99.1%, meaning that the rate of citizenship has been decreasing.

The following chart shows US citizenship percentages in Franklin, IN compared to that of it's neighboring and parent geographies.

Diversity

Race and Ethnicity

The 3 largest ethnic groups in Franklin, IN

White (Non-Hispanic)
23.6k ± 1k
Black or African American (Non-Hispanic)
717 ± 415
Two Races Excluding Other, & Three or More Races (Non-Hispanic)
566 ± 304

2.69%

Hispanic Population

703 people

2.69% of the people in Franklin, IN are hispanic (703 people).

The following chart shows the 8 races represented in Franklin, IN as a share of the total population.

Global Diversity

The PUMS dataset is not available at the Place level, so we are showing data for Indiana.

Most Common Origin

Mexico
111,417 ± 8,128 people
India
37,388 ± 4,734 people
Nigeria
18,164 ± 3,304 people

In 2024, the most common birthplace for the foreign-born residents of Indiana was Mexico, the natal country of 111,417 Indiana residents, followed by India with 37,388 and Nigeria with 18,164.

Foreign-Born Population

2.92%

2024 Foreign-Born Population

764 people

2.18%

2023 Foreign-Born Population

568 people

As of 2024, 2.92% of Franklin, IN residents (764 people) were born outside of the United States, which is approximately the same as the national average of 14%. In 2023, the percentage of foreign-born citizens in Franklin, IN was 2.18%, meaning that the rate has been increasing.

The following chart shows the percentage of foreign-born residents in Franklin, IN compared to that of it's neighboring and parent geographies.

Military

Veterans

Most Common Service Period

Gulf War (2001-)
372 ± 166
Vietnam
219 ± 105
Gulf War (1990s)
151 ± 92

Franklin, IN has a large population of military personnel who served in Gulf War (2001-), 1.7 times greater than any other conflict.

The chart shows the distribution of veterans by conflict in Franklin, IN.

Economy

The economy of Franklin, IN employs 12.8k people. In 2024, the largest industries in Franklin, IN were Health Care & Social Assistance (2,263 people), Retail Trade (1,767 people), and Manufacturing (1,442 people), and the highest paying industries were Finance & Insurance ($77,835), Manufacturing ($58,846), and Wholesale Trade ($56,369).

Employment

Occupations

12.8k

2024 Value

± 955

3.59%

1 Year growth

± 10%

From 2023 to 2024, employment in Franklin, IN grew at a rate of 3.59%, from 12.3k employees to 12.8k employees.

The most common job groups, by number of people living in Franklin, IN, are Management Occupations (1,466 people), Office & Administrative Support Occupations (1,235 people), and Sales & Related Occupations (1,066 people). This chart illustrates the share breakdown of the primary jobs held by residents of Franklin, IN.

Unemployment Insurance Claims

Data is only available at the state level. Showing data for Indiana.

This chart shows weekly unemployment insurance claims in Indiana (not-seasonally adjusted) compared with the four states with the most similar impact.

The most recent data point uses Advance State Claims data, which can be revised in subsequent weeks.

Industries

Employment by Industries

12.8k

2024 Value

± 955

3.59%

1 Year growth

± 10%

From 2023 to 2024, employment in Franklin, IN grew at a rate of 3.59%, from 12.3k employees to 12.8k employees.

The most common employment sectors for those who live in Franklin, IN, are Health Care & Social Assistance (2,263 people), Retail Trade (1,767 people), and Manufacturing (1,442 people). This chart shows the share breakdown of the primary industries for residents of Franklin, IN, though some of these residents may live in Franklin, IN and work somewhere else. Census data is tagged to a residential address, not a work address.

Median Earnings by Industry

$53,057

Median earning men ± $3,433

$40,773

Median earning women ± $3,618

The industries with the best median earnings for men in 2024 are Finance & Insurance, & Real Estate & Rental & Leasing ($78,715), Professional, Scientific, & Management, & Administrative & Waste Management Services ($72,083), and Public Administration ($67,763).

The industries with the best median earnings for women in 2024 are Finance & Insurance, & Real Estate & Rental & Leasing ($50,061), Manufacturing ($49,622), and Construction ($48,875).

Education

The student population of Franklin, IN in 2024 is skewed towards women, with 483 male students and 502 female students.

Most students graduating from Universities in Franklin, IN are White (212 and 87.2%), Black or African American (9 and 3.7%), Two or More Races (8 and 3.29%), and Hispanic or Latino (7 and 2.88%).

The largest universities in Franklin, IN by number of degrees awarded are Franklin College (245 and 100%).

The most popular majors in Franklin, IN are General Business Administration & Management (23 and 9.39%), Physician Assistant (22 and 8.98%), and General Psychology (21 and 8.57%).

The median tuition cost for private four year colleges is $37,810.

Admissions & Enrollments

Applicants, Admissions & Enrolled

University

Measure

In 2024 in Franklin, IN, the percentage of applicants admitted was 69.8%, while the percentage of admitted who enrolled was 17.4%. The number of students enrolled in 2024 was 985 (49% men and 51% women).

The line chart shows the evolution of the percentage of applicants admitted, admitted who enrolled or the number of students enrolled according to the option selected in the upper button.

Enrollments by Gender and Races

Universities

In 2024 there were 985 students enrolled in Franklin, IN, 49% men and 51% women.

By race, the largest number of students enrolled was concentrated in White with 762 records, of which 53.9% were women and 46.1% men.

Completions

Concentrations

Most Common

General Business Administration & Management
23 degrees awarded
General Psychology
21 degrees awarded
Kinesiology & Exercise Science
20 degrees awarded

In 2024, the most common concentation for Bachelors Degree recipients in Franklin, IN was General Business Administration & Management with 23 degrees awarded.

This visualization illustrates the percentage of students graduating with a Bachelors Degree from schools in Franklin, IN according to their major.

Universities

Gender

Race

Franklin College

Largest Universities by degrees awarded

245 degrees awarded

In 2024, the institution with the largest number of graduating students was Franklin College with 245 degrees awarded.

Student Diversity

University

In 2024, 119 men were awarded degrees from institutions in Franklin, IN, which is 0.944 times less than the 126 female students who received degrees in the same year.

In 2024, the most common race/ethnicity group awarded degrees at institutions was White students. These 212 degrees mean that there were 23.6 times more degrees awarded to White students then the next closest race/ethnicity group, Black or African American, with 9 degrees awarded.

Awarded Degrees over Time

The graph shows the evolution of awarded degrees by degrees. Under the paragraphs, the average number of awarded degrees by university in each degree is shown.

Tuition

Average Net Price by Sector

Universities

Private not-for-profit, 4-year or above ($37,810) is the sector with the highest median state tuition in 2024.

Private not-for-profit, 4-year or above ($900) is the sector with the highest median state fee in 2024.

Private not-for-profit, 4-year or above ($1,300) is the sector with the highest average net price of books and supplies.

The graph shows the average net price by sector and year.

Housing & Living

The median property value in Franklin, IN was $231,500 in 2024, which is 0.696 times smaller than the national average of $332,700. Between 2023 and 2024 the median property value increased from $212,500 to $231,500, a 8.94% increase. The homeownership rate in Franklin, IN is 65.7%, which is higher than the national average of 65.2%.

People in Franklin, IN have an average commute time of 25 minutes, and they drove alone to work. Car ownership in Franklin, IN is approximately the same as the national average, with an average of 2 cars per household.

Housing

Property

$231,500

Median Property Value 2024

±$10,439

$6,302

Median Property Taxes

±$659

The following chart display owner-occupied housing units distributed between a series of property tax buckets compared to the national averages for each bucket. In Franklin, IN the largest share of households pay taxes in the $800 - $1,499 range.

The chart underneath the paragraph shows the property taxes in Franklin, IN compared to it's parent and neighbor geographies.

Rent vs Own

65.7%

Homeownership

2024

58.8%

Homeowners with Mortgage

2024

In 2024, 65.7% of the housing units in Franklin, IN were occupied by their owner. This percentage declined from the previous year's rate of 66.4%.

This chart shows the percentage of owner in Franklin, IN compared it's parent and neighboring geographies.

Equity

Household Income

Please note that the buckets used in this visualization were not evenly distributed by ACS when publishing the data.

$82,380

Median Household Income

± $7,285

9.59k

Number of Households

± 805

In 2024, the median household income of the 9.59k households in Franklin, IN grew to $82,380 from the previous year's value of $77,305.

The following chart displays the households in Franklin, IN distributed between a series of income buckets compared to the national averages for each bucket. The largest share of households have an income in the $75k - $100k range.

Wage Distribution

The closest comparable wage GINI for Franklin, IN is from Indiana.

0.442

2024 Wage GINI in Indiana

0.445

2023 Wage GINI in Indiana

In 2024, the income inequality in Indiana was 0.442 according to the GINI calculation of the wage distribution. Income inequality had a 0.807% decline from 2023 to 2024, which means that wage distribution grew somewhat more even. The GINI for Indiana was lower than than the national average of 0.474. In other words, wages are distributed more evenly in Indiana in comparison to the national average.

This chart shows the number of workers in Indiana across various wage buckets compared to the national average.

Transportation

Commuter Transportation

Most Common Commute in 2024

Drove Alone (77.2%)
Worked At Home (11.5%)
Carpooled (9.13%)

In 2024, 77.2% of workers in Franklin, IN drove alone to work, followed by those who worked at home (11.5%) and those who carpooled to work (9.13%).

The following chart shows the number of households using each mode of transportation over time, using a logarithmic scale on the y-axis to help better show variations in the smaller means of commuting.

Commute Time

25 minutes

Average Travel Time

Using averages, employees in Franklin, IN have a shorter commute time (25 minutes) than the normal US worker (26.4 minutes). Additionally, 2.75% of the workforce in Franklin, IN have "super commutes" in excess of 90 minutes.

The chart below shows how the median household income in Franklin, IN compares to that of it's neighboring and parent geographies.

Car Ownership

2 cars

Average Number

The following chart displays the households in Franklin, IN distributed between a series of car ownership buckets compared to the national averages for each bucket. The largest share of households in Franklin, IN have 2 cars.

Poverty

Poverty & Diversity

11% of the population for whom poverty status is determined in Franklin, IN (2.74k out of 24.8k people) live below the poverty line, a number that is lower than the national average of 12.5%. The largest demographic living in poverty are Females 25 - 34, followed by Males 45 - 54 and then Females 45 - 54.

The most common racial or ethnic group living below the poverty line in Franklin, IN is White, followed by Two Or More and Hispanic.

The Census Bureau uses a set of money income thresholds that vary by family size and composition to determine who classifies as impoverished. If a family's total income is less than the family's threshold than that family and every individual in it is considered to be living in poverty.

Social Needs

Data only available at the state level.

Most prevalent states

California
35,798 individuals
New York
5,087 individuals

In 2017, California had the highest estimated number of chronically homeless individuals in the nation, at 35,798, followed by New York (5,087).

The following map shows the estimated number of chronically homeless individuals by state over multiple years.

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