Franklin Parish, Louisiana
Income Data
At a Glance
How Franklin Parish Compares
Detailed Income Statistics
Data Story
About Household Income in Franklin Parish, Louisiana
Franklin falls short nationally
Franklin Parish households earn $44,103 annually, trailing the national median of $74,755 by 41%. The parish ranks among lower-income regions nationwide, reflecting limited job diversity and wage growth in this northeast Louisiana community.
Slightly below state average
Franklin's $44,103 falls 20% short of Louisiana's state average of $55,250, placing it in the lower third of parishes. The parish remains dependent on agriculture, forestry, and declining manufacturing sectors.
Moderate earner in region
Franklin's $44,103 edges ahead of East Carroll Parish ($28,321) but trails Grant Parish ($61,112) to the west. The variance reflects Franklin's geographic isolation from major economic hubs like Shreveport and Jackson.
Rent demands significant share
At 19.6%, Franklin's rent-to-income ratio remains below the 30% affordability threshold but demands nearly one-fifth of household income. The median home value of $117,200 offers homeowners an affordable alternative to renting.
Prioritize emergency savings first
With moderate household income, Franklin residents should focus on building a three-to-six-month emergency fund before aggressive investing. Once stabilized, explore low-cost index funds and employer retirement plans to build lasting wealth.
Frequently Asked Questions
What is the median household income in Franklin Parish, Louisiana?
How much do people earn in Franklin Parish?
How does Franklin Parish compare to the Louisiana average?
What is the per capita income in Franklin Parish, Louisiana?
Is Franklin Parish a low-income area in Louisiana?
How does Franklin Parish rank for income in Louisiana?
Income Comparison Calculator
See how your household income compares in Franklin Parish
Your income is above the Franklin Parish median
County median: $44,103 per year
vs. County Median
+0%
vs. State Average
-20%
vs. National Median
-41%
Income Adequacy
Your monthly income ($3,675) vs. median rent ($719/mo). A ratio of 3.3x or higher means rent is under 30% of income.
Grow Your Wealth
See how your income stacks up in Franklin Parish, Louisiana? Start investing smarter with a robo-advisor that builds a diversified portfolio for you.
Start InvestingCounties with Similar Income Levels
Compare Financial Products in Louisiana
Compare savings accounts, CDs, and money market rates from top banks to make the most of your earnings.
Compare RatesData: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.