Franklin County, Indiana
Income Data
U.S. Census Bureau ACSAt a Glance
Economic Indicators
How Franklin County Compares
Detailed Income Statistics
Income Advisory: Franklin County
Income Verdict
Franklin County has a median household income of $79,702 and per capita income of $38,014 — a gap of $41,688, suggesting a typical mix of dual-income and single-earner households.
Housing Affordability
With median gross rent at $803/month and a median household income of $79,702, rent consumes approximately 12.1% of monthly income — well within affordable thresholds.
Economic Context
A median household income of $79,702 suggests moderate-to-strong purchasing power, generally sufficient to cover essentials with room for discretionary spending in most markets. Per capita income of $38,014 is in line with national norms for individual earners.
Neighbor Context
Franklin County earns approximately 16% above the Indiana state median household income of $68,681, positioning it favorably within the state.
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
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Income Comparison Calculator
See how your household income compares in Franklin County
Your income is above the Franklin County median
County median: $79,702 per year
vs. County Median
+0%
vs. State Average
+16%
vs. National Median
+7%
Income Adequacy
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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Compare RatesData: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.