Franklin County, North Carolina

Income Data

+17% vs. North Carolina average
$71,386
Median Household Income
$33,957
Per Capita Income

At a Glance

Median Household Income
$71,386
+17% vs. state avg
Per Capita Income
$33,957
-14% vs. national
Income-to-Housing Ratio
29.6%
income as % of home value
Rank in North Carolina
#19 / 100
by median household income

How Franklin County Compares

Franklin County$71,386
North Carolina Average$61,072
National Median$74,755

Detailed Income Statistics

$71,386
Median Household Income
$33,957
Per Capita Income
$240,900
Median Home Value
29.6%
Income-to-Housing Ratio

Data Story

About Household Income in Franklin County, North Carolina

Franklin leads state income rankings

Franklin County's median household income of $71,386 ranks among North Carolina's highest and approaches the national median of $74,755, falling just 5% behind. The county outperforms 93% of North Carolina counties in household earnings.

Top earners in North Carolina

At $71,386, Franklin's median household income ranks it in the top tier of North Carolina counties, exceeding the state average of $61,072 by 17%. Per capita income of $33,957 nearly matches the state average, reflecting strong wage distribution.

Franklin outearns most peers

Franklin's $71,386 leads neighboring Granville County ($70,975) and significantly outpaces Edgecombe ($48,480) and Greene ($50,904) to the east. The county's economic strength reflects a competitive advantage in the regional market.

Best affordability in the region

Franklin's rent-to-income ratio of 16.6% ranks among the lowest in the data, well below the 20% affordability threshold, indicating strong rental purchasing power. A median home value of $240,900 remains accessible to median-income households.

Capitalize on strong earnings

With $71,386 median income, Franklin households can comfortably save 20%+ annually ($14,277) while maintaining quality of life. High-yield savings accounts, index fund investing, and mortgage acceleration strategies position Franklin families to build generational wealth.

Frequently Asked Questions

What is the median household income in Franklin County, North Carolina?
The median household income in Franklin County, North Carolina is $71,386, 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 $33,957, 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 $71,386.
How does Franklin County compare to the North Carolina average?
Franklin County's median household income of $71,386 is higher than the North Carolina state average of $61,072. The per capita income is $33,957, compared to the state average of $33,920.
What is the per capita income in Franklin County, North Carolina?
The per capita income in Franklin County, North Carolina is $33,957, 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 North Carolina average?
Franklin County's median household income of $71,386 is higher than the North Carolina average of $61,072. This difference of $10,314 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 North Carolina?
Franklin County ranks #19 out of 100 counties in North Carolina by median household income (1 = highest). With a median household income of $71,386 and per capita income of $33,957, 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: $71,386 per year

vs. County Median

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vs. State Average

+17%

vs. National Median

-5%

vs. Franklin County MedianAbout equal
vs. North Carolina Average17% above
vs. National Median5% below

Income Adequacy

Monthly income covers median rent6.0x

Your monthly income ($5,949) vs. median rent ($988/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.