In 2018, Franklin, IN had a population of 24.8k people with a median age of 37.5 and a median household income of $59,064. Between 2017 and 2018 the population of Franklin, IN grew from 24,489 to 24,813, a 1.32% increase and its median household income grew from $56,367 to $59,064, a 4.78% increase.
The 5 largest ethnic groups in Franklin, IN are White (Non-Hispanic) (93.9%), White (Hispanic) (2.12%), Black or African American (Non-Hispanic) (1.2%), Two+ (Non-Hispanic) (1.04%), and Other (Hispanic) (0.947%). 0% of the households in Franklin, IN speak a non-English language at home as their primary language, and 99.4% of the residents in Franklin, IN are U.S. citizens.
The largest universities in Franklin, IN are Franklin College (276 degrees awarded in 2019).
In 2018, the median property value in Franklin, IN was $123,000, and the homeownership rate was 63.8%. Most people in Franklin, IN drove alone to work, and the average commute time was 23.2 minutes. The average car ownership in Franklin, IN was 2 cars per household.