Franklin County, Alabama
Income Data
At a Glance
How Franklin County Compares
Detailed Income Statistics
Data Story
About Household Income in Franklin County, Alabama
Franklin income gap reflects rural trends
Franklin County's median household income of $51,493 falls 31% below the national median of $74,755. This $23,262 annual gap is typical of rural Alabama counties competing in a service-driven national economy.
Slightly below Alabama average
Franklin's $51,493 median income trails Alabama's state average of $54,196 by 5%, ranking it in the lower-middle tier statewide. Franklin households earn about $2,700 less per year than the typical Alabama resident.
Modest advantage over nearby peers
Franklin's $51,493 edges ahead of Fayette County ($50,733) and DeKalb County ($51,149) but trails Elmore County ($75,553) by $24,060. Franklin sits in the middle of its regional income spectrum.
Reasonable rental and home costs
Franklin's 15.5% rent-to-income ratio signals strong housing affordability for renters. Median home values of $128,000 represent roughly 2.5 years of median household income, remaining accessible for most qualified buyers.
Build incrementally on solid footing
Franklin residents earning $51,493 should maximize employer 401(k) matches and establish automatic monthly transfers to savings accounts. With low housing-cost burdens, even modest investment amounts accumulate meaningfully toward retirement and long-term wealth goals.
Frequently Asked Questions
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County median: $51,493 per year
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vs. National Median
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Compare RatesData: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.