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Franklin County, VA&

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Population
56,315
-0.08% decline
Median Age
45
Median Household Income
$46,870
4.56% growth
Poverty Rate
14.9%
Number of Employees
25,149
0.28% growth
Median Property Value
$168,400
3.31% growth

Economy

The economy of Franklin County, VA employs 25,149 people. The economy of Franklin County, VA is specialized in Construction; Agriculture, Forestry, Fishing, Hunting; and Manufacturing, which employ respectively 1.64; 1.61; and 1.48 times more people than what would be expected in a location of this size. The largest industries in Franklin County, VA are Manufacturing (3,878), Healthcare & Social Assistance (3,078), and Retail trade (2,791), and the highest paying industries are Utilities ($53,750), Transportation & Warehousing ($43,341), and Real Estate, Rental & Leasing ($42,566).

Median household income in Franklin County, VA is $46,870. Males in Franklin County, VA have an average income that is 1.23 times higher than the average income of females, which is $44,541. The income inequality of Franklin County, VA (measured using the Gini index) is 0.4 which is lower than the national average.

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Health & Safety

Insurance and Medicare coverage combined with state and county level health and safety statistics for Franklin County, VA. In Franklin County, VA the age groups most likely to have health care coverage are 55-64 and 55-64, men and women, respectively. The location has a 1 to 46 primary care clinician to patient ratio and a Medicare reimbursement average per patient per year of $7,718. Petersburg city, VA has the highest prevalence of homicides of any county in Virginia.

Coverage

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Showing data across all counties in Virginia.

Insurance Coverage by Age and Gender

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Diversity

Franklin County, VA is home to a population of 56,315 people, from which 98.5% are citizens. The ethnic composition of the population of Franklin County, VA is composed of 48,995 White residents (87%), 4,729 Black residents (8.4%), 1,497 Hispanic residents (2.66%), 633 Two+ residents (1.12%), and 256 Other residents (0.45%). The most common foreign languages in Franklin County, VA are Spanish (1,188 speakers), Chinese (127 speakers), and Urdu (113 speakers), but compared to other places, Franklin County, VA has a relative high number of Urdu (113 speakers), German (88 speakers), and Japanese (37 speakers).

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Education

In 2015 universities in Franklin County, VA awarded 249 degrees. The student population of Franklin County, VA is skewed towards females, with 109 male students and 140 female students. Most students in Franklin County, VA are White (156 and 62.7%), followed by Black or African American (62 and 24.9%), Unknown (16 and 6.43%), and Hispanic or Latino (7 and 2.81%). The largest universities in Franklin County, VA by number of graduates are Ferrum College (249 and 100%), N/A (N/A and N/A), and N/A (N/A and N/A). The most popular majors in Franklin County, VA are Criminal Justice - Safety Studies (29 and 11.6%), Physical Education Teaching & Coaching (21 and 8.43%), and General Health Services (20 and 8.03%). The median tuition costs in Franklin County, VA are N/A for private four year colleges, and $30,720 and $30,720 respectively, for public four year colleges for in-state students and out-of-state students.

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Housing & Living

The median property value in Franklin County, VA is $168,400, which is 0.87 times smaller than the national average of $194,500. Between 2014 and 2015 the median property value increased from $163,000 to $168,400, a 3.31% increase. The homeownership rate of Franklin County, VA is 77.4%, which is higher than the national average of 63.9%. People in Franklin County, VA have an average commute time of 28.2 minutes, and they commute by Drove Alone. Car ownership in Franklin County, VA is approximately the same as the national average, with an average of 2 cars per household.

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