Franklin County, Tennessee
Income Data
At a Glance
How Franklin County Compares
Detailed Income Statistics
Data Story
About Household Income in Franklin County, Tennessee
Franklin County earns above state average
Franklin County's median household income of $61,553 exceeds Tennessee's state average of $58,994, yet still falls $13,202 below the national median of $74,755. The county ranks in the middle nationally, performing better than many rural peers but lagging wealthier urban and suburban regions.
Solid performer within Tennessee
At $61,553, Franklin County ranks above average for Tennessee counties, sitting firmly in the middle of the state's income distribution. This positions the county as moderately prosperous within its state context, driven by a mix of agriculture, small business, and light manufacturing.
Competitive with peer counties
Franklin County's $61,553 income matches Giles County ($61,476) almost exactly, placing both among the region's top earners. Both significantly outpace Fentress County ($50,865) and Grundy County ($45,573), reflecting Franklin's economic strength.
Housing costs rise with prosperity
Franklin County's rent-to-income ratio of 16.8% is slightly elevated, reflecting higher home values averaging $215,700. While housing consumes a larger share of income here than in lower-cost counties, it remains within sustainable ranges for median households.
Leverage higher income for investing
Franklin County's above-average income provides a real opportunity to invest beyond housing equity. Building a diversified portfolio through retirement accounts and long-term investments can accelerate wealth accumulation for households earning above the state average.
Frequently Asked Questions
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Your income is above the Franklin County median
County median: $61,553 per year
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vs. State Average
+4%
vs. National Median
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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.