Franklin, TN

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Population

72,990

3.35% growth

Median Age

38.1


Median Household Income

$92,589

4.08% growth

Poverty Rate

7.02%


Number of Employees

38,464

4.09% growth

Median Property Value

$362,300

5.66% growth

About

In 2017, Franklin, TN had a population of 73k people with a median age of 38.1 and a median household income of $92,589. Between 2016 and 2017 the population of Franklin, TN grew from 70,625 to 72,990, a 3.35% increase and its median household income grew from $88,961 to $92,589, a 4.08% increase.

The population of Franklin, TN is 79.2% White Alone, 7% Hispanic or Latino, and 5.85% Black or African American Alone. N/A% of the people in Franklin, TN speak a non-English language, and 93.2% are U.S. citizens.

The largest universities in Franklin, TN are O'More College of Design (35 degrees awarded in 2016), Franklin Hair Academy School of Cosmetology (25 degrees), and Williamson Christian College (18 degrees).

The median property value in Franklin, TN is $362,300, and the homeownership rate is 67.6%. Most people in Franklin, TN commute by Drove Alone, and the average commute time is 22.1 minutes. The average car ownership in Franklin, TN is 2 cars per household.

About the photo: The Parthenon at Centennial Park Nashville,TN

Economy

The economy of Franklin, TN employs 38.5k people. The largest industries in Franklin, TN are Health Care & Social Assistance (6,159 people), Professional, Scientific, & Technical Services (4,531 people), and Retail Trade (4,142 people), and the highest paying industries are Management of Companies & Enterprises ($113,454), Manufacturing ($80,133), and Finance & Insurance ($78,677).

Median household income in Franklin, TN is $92,589. Males in Franklin, TN have an average income that is 1.37 times higher than the average income of females, which is $42,201. The income inequality in Franklin, TN (measured using the Gini index) is 0.466, which is lower than than the national average.

Wages

Median Household Income

$92,589

2017 value

± $4,055

4.08%

1 Year Growth

± 5.45%

Households in Franklin, TN have a median annual income of $92,589, which is more than the median annual income of $60,336 across the entire United States. This is in comparison to a median income of $88,961 in 2016, which represents a 4.08% annual growth.

Look at the chart to see how the median household income in Franklin, TN compares to that of it's neighboring and parent geographies.

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Wage by Gender in Common Jobs

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

$57,961

Average Male Salary

± $1,374

$42,201

Average Female Salary

± $943

In 2017, full-time male employees in Tennessee made 1.37 times more than female employees.

This chart shows the gender-based wage disparity in the 5 most common occupations in Tennessee by number of full-time employees.

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Wage by Race and Ethnicity in Common Jobs

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

Highest Average Salaries by Race & Ethnicity

  1. Asian

    $53,011 ± $6,619

  2. White

    $46,471 ± $904

  3. American Indian

    $40,237 ± $11,516

In 2017 the highest paid race/ethnicity of Tennessee workers was Asian. These workers were paid 1.14 times more than White workers, who made the second highest salary of any race/ethnicity.

This chart shows the race- and ethnicity-based wage disparities in the 5 most common occupations in Tennessee by number of full-time employees.

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Wage Distribution

The closest comparable wage GINI for Franklin, TN is from Tennessee.

0.466

2017 Wage GINI

0.465

2016 Wage GINI

In 2017, the income inequality in Tennessee was 0.466 according to the GINI calculation of the wage distribution. Income inequality had a 0.325% growth from 2016 to 2017, which means that wage distribution grew somewhat less even.

The 2017 the GINI for Tennessee was lower than than the national average of 0.479. In other words, wages are distributed more evenly in Tennessee in comparison to the national average.

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

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Income by Location

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Highest Median Household Income (Total)

  1. Census Tract 503.05

  2. Census Tract 510.01

  3. Census Tract 504.06

In 2017, the place with the highest Median Household Income (Total) in Franklin, TN was Census Tract 503.05 with a value of $156,875, followed by Census Tract 510.01 and Census Tract 504.06, with respective values of $133,117 and $126,850.

The following map shows all of the places in Franklin, TN colored by their Median Household Income (Total).

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Poverty by Age and Gender

Males 6 - 11

Largest Demographic Living in Poverty

7.02% of the population for whom poverty status is determined in Franklin, TN (5.09k out of 72.6k people) live below the poverty line, a number that is lower than the national average of 13.4%. The largest demographic living in poverty are Males 6 - 11, followed by Females 18 - 24 and then Females 45 - 54.

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.

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Poverty by Race and Ethnicity

Largest Race or Ethnicity Living in Poverty

  1. White

    4,128 ± 530

  2. Hispanic

    1,364 ± 310

  3. Black

    517 ± 205

The most common racial or ethnic group living below the poverty line in Franklin, TN is White, followed by Hispanic and Black.

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.

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Occupations

Employment by Occupations

38.5k

2017 Value

± 1,364

4.09%

1 Year growth

± 4.92%

From 2016 to 2017, employment in Franklin, TN grew at a rate of 4.09%, from 37k employees to 38.5k employees.

The most common job groups, by number of people living in Franklin, TN, are Management Occupations (6,276 people), Sales & Related Occupations (5,064 people), and Office & Administrative Support Occupations (4,430 people). This chart illustrates the share breakdown of the primary jobs held by residents of Franklin, TN.

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Most Common

The most common jobs held by residents of Franklin, TN, by number of employees, are Management Occupations (6,276 people), Sales & Related Occupations (5,064 people), and Office & Administrative Support Occupations (4,430 people).

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Most Specialized

Compared to other places, Franklin, TN has an unusually high number of residents working as Computer & Mathematical Occupations (2.07 times higher than expected), Business & Financial Operations Occupations (1.8 times), and Legal Occupations (1.78 times).

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Highest Paid

The highest paid jobs held by residents of Franklin, TN, by median earnings, are Management Occupations ($98,333), Legal Occupations ($91,250), and Management, Business, & Financial Occupations ($85,972).

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Industries

Employment by Industries

38.5k

2017 Value

± 1,364

4.09%

1 Year growth

± 4.92%

From 2016 to 2017, employment in Franklin, TN grew at a rate of 4.09%, from 37k employees to 38.5k employees.

The most common employment sectors for those who live in Franklin, TN, are Health Care & Social Assistance (6,159 people), Professional, Scientific, & Technical Services (4,531 people), and Retail Trade (4,142 people). This chart shows the share breakdown of the primary industries for residents of Franklin, TN, though some of these residents may live in Franklin, TN and work somewhere else. Census data is tagged to a residential address, not a work address.

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Most Common

The most common industries in Franklin, TN, by number of employees, are Health Care & Social Assistance (6,159 people), Professional, Scientific, & Technical Services (4,531 people), and Retail Trade (4,142 people).

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Most Specialized

Compared to other places, Franklin, TN has an unusually high number of Management of Companies & Enterprises (4.9 times higher than expected), Finance & Insurance (1.86 times), and Information (1.8 times) industries.

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Highest Paying

The highest paying industries in Franklin, TN, by median earnings, are Management of Companies & Enterprises ($113,454), Manufacturing ($80,133), and Finance & Insurance ($78,677).

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Domestic Trade

Domestic Production & Consumption

Domestic production and consumption consists of products and services shipped from Tennessee to other states, or from other states to Tennessee.

Top Domestic Production in Dollars

  1. $33.7B

  2. $31.1B

  3. $26.9B

In 2015, the top outbound Tennessee product (by dollars) was Pharmaceuticals with $33.7B, followed by Motorized vehicles ($31.1B) and Mixed freight ($26.9B).

The following chart shows the share of these products in relation to all outbound Tennessee products.

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Domestic Trade Growth

Showing data for Tennessee state.

$333B

2015 Value

$525B

Projected 2045 Value

57.7% growth

In 2015, total outbound Tennessee trade was $333B. This is expected to increase 57.7% to $525B by 2045.

The following chart shows how the domestic outbound Tennessee trade is projected to change in comparison to its neighboring states.

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Interstate Trade

Interstate trade consists of products and services shipped from Tennessee to other states, or from other states to Tennessee.

Most Common Trade Partners

  1. $27.6B

  2. $17.3B

  3. $16.7B

In 2015, the top outbound Tennessee domestic partner for goods and services (by dollars) was Kentucky with $27.6B, followed by Texas with $17.3B and Georgia and $16.7B.

The following map shows the amount of trade that Tennessee shares with each state (excluding itself).

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Health

92.6% of the population of Franklin, TN has health coverage, with 61.1% on employee plans, 4.36% on Medicaid, 9.52% on Medicare, 16.5% on non-group plans, and 1.1% on military or VA plans.

Per capita personal health care spending in the place of Franklin, TN was $7,372 in 2014. This is a 3.74% increase from the previous year ($7,106).

Primary care physicians in Franklin, TN see 1382 patients per year on average, which represents a 0.145% increase from the previous year (1380 patients). Compare this to dentists who see 1893 patients per year, and mental health providers who see 742 patients per year.

Comparing across all counties in the state, Dyer County has the highest prevalence of diabetes (17.5%). Additionally, Hardeman County has the highest prevalence of adult obesity (39.7%)

Patient to Clinician Ratios

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

1,382 to 1

Patient to Primary Care Physician Ratio

Primary care physicians in Tennessee see an average of 1,382 patients per year. This represents a 0.145% increase from the previous year (1,380 patients).

The following chart shows how the number of patients seen by primary care physicians has been changing over time in Tennessee in comparison to neighboring states.

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Behavioral Health Conditions

Data only available at the state level.

State with the Highest Prevalence

  1. 8.26% of the population affected

  2. 8.13% of the population affected

  3. 7.98% of the population affected

In 2016, West Virginia had the highest prevalence of adults with major depressive episode, with 8.26% of the population affected. The second highest is Arkansas (8.13%), followed by New Hampshire (7.98%).

The following map shows the percent of individuals with major depressive episode by state over multiple years.

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Access and Quality

Data only available at state level.

Most prevalent states

  1. 19.2% of adults

  2. 17.9% of adults

  3. 17.6% of adults

In 2016, Mississippi had the highest prevalence of adults who haven't seen a doctor in the past 12 months due to cost, at 19.2%. It is followed by Texas (17.9%) and Louisiana (17.6%).

The following map shows the prevalence of adults who haven't seen a doctor in the past 12 months due to cost by state over multiple years.

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Health Care Spending

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

$7,372

Total Per Capita Spending on Personal Health Care 

$4,680

Per Enrollee Private Health Insurance Spending on Personal Health Care

$5,677

Per Enrollee Medicaid Spending on Personal Health Care

$10,371

Per Enrollee Medicare Spending on Personal Health Care

Between 2013 and 2014, all personal health care spending per capita in Tennessee (including private, Medicare, and Medicaid) grew 3.74%, from $7,106 to $7,372.

The following chart shows how this spending changed over time in comparison to Medicaid, Medicare, and private insurance spending, per enrollee.

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Health Care Coverage

7.38%

Uninsured

61.1%

Employer Coverage

4.36%

Medicaid

9.52%

Medicare

16.5%

Non-Group

1.1%

Military or VA

Between 2016 and 2017, the percent of uninsured citizens in Franklin, TN grew by 8.52% from 6.8% to 7.38%.

The following chart shows how the percent of uninsured individuals in Franklin, TN changed over time compared with the percent of individuals enrolled in various types of health insurance.

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Health Risks

Data available at the county level.

Most at risk counties

  1. 17.5% prevalence

  2. 17% prevalence

  3. 16.8% prevalence

Dyer County has the highest prevalence of diabetes in Tennessee, at 17.5%.

The following map shows the prevalence of diabetes in Tennessee by county over multiple years.

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Diversity

Franklin, TN is home to a population of 73k people, from which 93.2% are citizens. As of 2017, 10.2% of Franklin, TN residents were born outside of the country (7.47k people).

The ethnic composition of the population of Franklin, TN is composed of 57.8k White Alone residents (79.2%), 5.11k Hispanic or Latino residents (7%), 4.27k Black or African American Alone residents (5.85%), 4.23k Asian Alone residents (5.79%), 1.39k Two or More Races residents (1.9%), 178 Some Other Race Alone residents (0.244%), 8 American Indian & Alaska Native Alone residents (0.011%), and 0 Native Hawaiian & Other Pacific Islander Alone residents (0%).

The most common foreign languages spoken in Franklin, TN are N/A.

Age

Age by Nativity

38

Median Native-Born Age

± 1

38

Median Foreign-Born Age

± 1.1

In 2017, the median age of all people in Franklin, TN was 38.1. Native-born citizens, with a median age of 38, were generally older than than foreign-born citizens, with a median age of 38. But people in Franklin, TN are getting getting older. In 2016, the average age of all Franklin, TN residents was 38.

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Heritage

Foreign-Born Population

10.2%

2017 Foreign-Born Population

7.47k people

9.61%

2016 Foreign-Born Population

6.79k people

As of 2017, 10.2% of Franklin, TN residents (7.47k people) were born outside of the United States, which is lower than the national average of 13.7%. In 2016, the percentage of foreign-born citizens in Franklin, TN was 9.61%, meaning that the rate has been increasing.

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

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Global Diversity

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

Most Common Origin

  1. Mexico

    92,263 ± 7,405 people

  2. India

    21,162 ± 3,566 people

  3. Guatemala

    12,669 ± 2,761 people

In 2017, the most common birthplace for the foreign-born residents of Tennessee was Mexico, the natal country of 92,263 Tennessee residents, followed by India with 21,162 and Guatemala with 12,669.

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Citizenship

93.2%

2017 Citizenship

93.8%

2016 Citizenship

As of 2017, 93.2% of Franklin, TN residents were US citizens, which is higher than the national average of 93.1%. In 2016, the percentage of US citizens in Franklin, TN was 93.8%, meaning that the rate of citizenship has been decreasing.

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

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Race and Ethnicity

Most Common

  1. White Alone

    57.8k ± 773

  2. Hispanic or Latino

    5.11k ± 581

  3. Black or African American Alone

    4.27k ± 475

In 2017, there were 11.3 times more White Alone residents (57.8k people) in Franklin, TN than any other race or ethnicity. There were 5.11k Hispanic or Latino and 4.27k Black or African American Alone residents, the second and third most common racial or ethnic groups.

The following bar chart shows the 8 races and ethnicities represented in Franklin, TN as a share of the total population.

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Non-English Speakers

Most Common Languages

  1. N/A

    N/A speakers (N/A%)

  2. N/A

    N/A speakers (N/A%)

  3. N/A

    N/A speakers (N/A%)

N/A% of Franklin, TN citizens are speakers of a non-English language, which is approximately the same as the national average of 21.8%. In N/A, the most common non-English language spoken in Franklin, TN was N/A. N/A% of the overall population of Franklin, TN are native N/A speakers. N/A% speak N/A and N/A% speak N/A, the next two most common languages.

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Military

Veterans

Most Common Service Period

  1. Vietnam

    833 ± 186

  2. Gulf War (1990s)

    655 ± 206

  3. Gulf War (2001-)

    462 ± 155

Franklin, TN has a large population of military personnel who served in Vietnam, 1.27 times greater than any other conflict.

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Education

In 2016, universities in Franklin, TN awarded 78 degrees. The student population of Franklin, TN is skewed towards women, with 49 male students and 189 female students.

Most students graduating from Universities in Franklin, TN are White (58 and 74.4%), followed by Asian (17 and 21.8%), Black or African American (1 and 1.28%), and Hispanic or Latino (1 and 1.28%).

The largest universities in Franklin, TN by number of degrees awarded are O'More College of Design (35 and 44.9%), Franklin Hair Academy School of Cosmetology (25 and 32.1%), and Williamson Christian College (18 and 23.1%).

The most popular majors in Franklin, TN are Interior Design (17 and 21.8%), Non-Profit, Public, & Organizational Management (14 and 17.9%), and Nail Specialist & Manicurist (13 and 16.7%).

The median tuition costs in Franklin, TN are $19,826 for private four year colleges, and $N/A and $N/A respectively, for public four year colleges for in-state students and out-of-state students.

Concentrations

Most Common

  1. 9 degrees awarded

  2. 17 degrees awarded

  3. 9 degrees awarded

In 2015, the most common concentation for Bachelors Degree recipients in Franklin, TN was Non-Profit, Public, & Organizational Management with 9 degrees awarded.

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

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Universities

Largest Universities by degrees awarded

  1. 35 degrees awarded

  2. 25 degrees awarded

  3. 18 degrees awarded

$N/A

Median In-State Public

$19,826

Median Private

In 2016, the Franklin, TN institution with the largest number of graduating students was O'More College of Design with 35 degrees awarded.

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Student Gender for Common Institutions

17

Degrees Awarded to Men

61

Degrees Awarded to Women

In 2016, 17 men were awarded degrees from institutions in Franklin, TN, which is 0.279 times less than the 61 female students who received degrees in the same year.

This chart displays the gender disparity between the institutions in Franklin, TN by degrees awarded.

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Student Race and Ethnicity

Most Common Student Race or Ethnicity

  1. White

    58 degrees awarded

  2. Asian

    17 degrees awarded

  3. Black or African American

    1 degrees awarded

In 2016 the majority of degrees awarded at institutions in Franklin, TN were to White students. These 58 degrees mean that there were 3.41 times more White students then the next closest race/ethnicity group, Asian, with 17 degrees awarded.

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Housing & Living

The median property value in Franklin, TN was $362,300 in 2017, which is 1.66 times larger than the national average of $217,600. Between 2016 and 2017 the median property value increased from $342,900 to $362,300, a 5.66% increase. The homeownership rate in Franklin, TN is 67.6%, which is higher than the national average of 63.9%. People in Franklin, TN have an average commute time of 22.1 minutes, and they commute by Drove Alone. Car ownership in Franklin, TN is approximately the same as the national average, with an average of 2 cars per household.

Income

Household Income

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

$92,589

Median Household Income

± $4,055

27.5k

Number of Households

± 1,125

In 2017, the median household income of the 27.5k households in Franklin, TN grew to $92,589 from the previous year's value of $88,961.

The following chart displays the households in Franklin, TN 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.

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Housing

Property Value

$362,300

2017 Median

± $6,321

$342,900

2016 Median

± $5,734

In 2017, the median property value in Franklin, TN grew to to $362,300 from the previous year's value of $342,900.

The following charts display, first, the property values in Franklin, TN compared to it's parent and neighbor geographies and, second, owner-occupied housing units distributed between a series of property value buckets compared to the national averages for each bucket. In Franklin, TN the largest share of households have a property value in the $300k - $400k range.

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Property Taxes

$2k - $3k

Average Range

This chart shows the households in Franklin, TN distributed between a series of property tax buckets compared to the national averages for each bucket. In Franklin, TN the largest share of households pay taxes in the $2k - $3k range.

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Rent vs Own

67.6%

2017 Homeownership

66.9%

2016 Homeownership

In 2017, 67.6% of the housing units in Franklin, TN were occupied by their owner. This percentage grew from the previous year's rate of 66.9%.

This percentage of owner-occupation is higher than the national average of 63.9%. This chart shows the ownership percentage in Franklin, TN compared it's parent and neighboring geographies.

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Transportation

Car Ownership

2 cars

Average Number

The following chart displays the households in Franklin, TN distributed between a series of car ownership buckets compared to the national averages for each bucket. The largest share of households in Franklin, TN have 2 cars, followed by 3 cars.

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Commute Time

22.1 minutes

Average Travel Time

Using averages, employees in Franklin, TN have a shorter commute time (22.1 minutes) than the normal US worker (25.1 minutes). Additionally, 1.55% of the workforce in Franklin, TN have "super commutes" in excess of 90 minutes.

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

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Commuter Transportation

Most Common Method of Travel

  1. Drove Alone

    79.5%

  2. Worked At Home

    8.61%

  3. Carpooled

    8.3%

In 2017, the most common method of travel for workers in Franklin, TN was Drove Alone, followed by those who Worked At Home and those who Carpooled.

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