Franklin County, Indiana

Income Data

+16% vs. Indiana average
$79,702
Median Household Income
$38,014
Per Capita Income

At a Glance

Median Household Income
$79,702
+16% vs. state avg
Per Capita Income
$38,014
-4% vs. national
Income-to-Housing Ratio
33.7%
income as % of home value
Rank in Indiana
#11 / 92
by median household income

How Franklin County Compares

Franklin County$79,702
Indiana Average$68,681
National Median$74,755

Detailed Income Statistics

$79,702
Median Household Income
$38,014
Per Capita Income
$236,700
Median Home Value
33.7%
Income-to-Housing Ratio

Data Story

About Household Income in Franklin County, Indiana

Franklin County leads in household income

Franklin County households earn $79,702 annually, nearly $5,000 above the national median of $74,755, placing it among the most prosperous counties nationally. This strong performance reflects a robust local economy and high-earning workforce.

Highest income among measured Indiana counties

Franklin County's median household income of $79,702 towers over Indiana's state average of $68,681—a 16% premium—ranking it in the very top tier of the state's counties. This exceptional performance signals significant economic advantage.

Franklin tops all measured peer counties

Franklin County ($79,702) edges out Floyd County ($78,179) to claim the highest median income among all measured counties, significantly outpacing Dubois ($71,918), DeKalb ($70,080), and all lower-earning peers. Franklin is the region's clear economic leader.

Exceptional housing affordability in Franklin

Franklin County's rent-to-income ratio of 12.1%—the lowest measured—means residents spend just $803 monthly on housing costs, leaving substantial margin for other priorities. The median home value of $236,700 is easily affordable at this income level.

Franklin residents: maximize wealth potential

Franklin households possess exceptional capacity to fund retirement accounts (401(k), IRA, backdoor Roth), taxable investments, and real estate purchases simultaneously. Working with a certified financial planner to optimize tax strategy and diversify investments can generate substantial long-term wealth.

Frequently Asked Questions

What is the median household income in Franklin County, Indiana?
The median household income in Franklin County, Indiana is $79,702, according to U.S. Census Bureau American Community Survey 2019-2023 5-Year Estimates. This represents the midpoint of all household incomes in the county.
How much do people earn in Franklin County?
The per capita income in Franklin County is $38,014, which represents the average income per person across the entire county population. The median household income — which accounts for all earners in a household — is $79,702.
How does Franklin County compare to the Indiana average?
Franklin County's median household income of $79,702 is higher than the Indiana state average of $68,681. The per capita income is $38,014, compared to the state average of $34,773.
What is the per capita income in Franklin County, Indiana?
The per capita income in Franklin County, Indiana is $38,014, according to U.S. Census Bureau American Community Survey 2019-2023 5-Year Estimates. Per capita income is calculated by dividing total personal income by total population, providing an average income figure per resident.
Why is Franklin County income higher than the Indiana average?
Franklin County's median household income of $79,702 is higher than the Indiana average of $68,681. This difference of $11,021 can be attributed to factors such as local industry mix, proximity to major employment centers, educational attainment levels, and cost of living. Counties with higher incomes often have a greater concentration of professional and technical occupations.
How does Franklin County rank for income in Indiana?
Franklin County ranks #11 out of 92 counties in Indiana by median household income (1 = highest). With a median household income of $79,702 and per capita income of $38,014, it falls in the top third of counties statewide.

Income Comparison Calculator

See how your household income compares in Franklin County

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Your income is above the Franklin County median

County median: $79,702 per year

vs. County Median

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vs. State Average

+16%

vs. National Median

+7%

vs. Franklin County MedianAbout equal
vs. Indiana Average16% above
vs. National Median7% above

Income Adequacy

Monthly income covers median rent8.3x

Your monthly income ($6,642) vs. median rent ($803/mo). A ratio of 3.3x or higher means rent is under 30% of income.

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Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.