Franklin County, Kentucky

Income Data

+19% vs. Kentucky average
$66,470
Median Household Income
$40,031
Per Capita Income

At a Glance

Median Household Income
$66,470
+19% vs. state avg
Per Capita Income
$40,031
+1% vs. national
Income-to-Housing Ratio
33.5%
income as % of home value
Rank in Kentucky
#24 / 120
by median household income

How Franklin County Compares

Franklin County$66,470
Kentucky Average$55,909
National Median$74,755

Detailed Income Statistics

$66,470
Median Household Income
$40,031
Per Capita Income
$198,700
Median Home Value
33.5%
Income-to-Housing Ratio

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

What is the median household income in Franklin County, Kentucky?
The median household income in Franklin County, Kentucky is $66,470, 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 $40,031, 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 $66,470.
How does Franklin County compare to the Kentucky average?
Franklin County's median household income of $66,470 is higher than the Kentucky state average of $55,909. The per capita income is $40,031, compared to the state average of $29,616.
What is the per capita income in Franklin County, Kentucky?
The per capita income in Franklin County, Kentucky is $40,031, 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 Kentucky average?
Franklin County's median household income of $66,470 is higher than the Kentucky average of $55,909. This difference of $10,561 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 Kentucky?
Franklin County ranks #24 out of 120 counties in Kentucky by median household income (1 = highest). With a median household income of $66,470 and per capita income of $40,031, 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: $66,470 per year

vs. County Median

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vs. State Average

+19%

vs. National Median

-11%

vs. Franklin County MedianAbout equal
vs. Kentucky Average19% above
vs. National Median11% below

Income Adequacy

Monthly income covers median rent5.9x

Your monthly income ($5,539) vs. median rent ($946/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.