Franklin County, Kentucky
Income Data
At a Glance
How Franklin County Compares
Detailed Income Statistics
Data Story
About Household Income in Franklin County, Kentucky
Franklin approaches national income average
Franklin County's median household income of $66,470 trails the U.S. median of $74,755 by just $8,285, placing it within 11% of national parity. Franklin ranks solidly above the median for American counties.
Second-highest in Kentucky
Franklin's income of $66,470 ranks second statewide behind Fayette County, exceeding Kentucky's average of $55,909 by nearly $10,561. Its per capita income of $40,031 substantially outpaces the state average of $29,616.
Strong earner, just behind Fayette
Franklin ($66,470) trails only Fayette ($67,631) among the eight counties profiled, and outearns all others including Gallatin ($62,247) and Garrard ($62,572). Franklin benefits from its role as Kentucky's capital and government center.
Income supports homeownership well
Franklin's rent-to-income ratio of 17.1% sits comfortably below concerning thresholds, leaving households room for savings. Median home values of $198,700 remain achievable for dual-earner households at the median income.
Franklin's income enables serious investing
With $66,470 median household income, Franklin residents can prioritize retirement savings, education funds, and investment diversification. Maximizing employer retirement matches and exploring tax-advantaged accounts accelerates long-term wealth accumulation.
Frequently Asked Questions
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Income Comparison Calculator
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Your income is above the Franklin County median
County median: $66,470 per year
vs. County Median
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vs. State Average
+19%
vs. National Median
-11%
Income Adequacy
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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.