Franklin County, Tennessee

Income Data

+4% vs. Tennessee average
$61,553
Median Household Income
$32,926
Per Capita Income

At a Glance

Median Household Income
$61,553
+4% vs. state avg
Per Capita Income
$32,926
-17% vs. national
Income-to-Housing Ratio
28.5%
income as % of home value
Rank in Tennessee
#31 / 95
by median household income

How Franklin County Compares

Franklin County$61,553
Tennessee Average$58,994
National Median$74,755

Detailed Income Statistics

$61,553
Median Household Income
$32,926
Per Capita Income
$215,700
Median Home Value
28.5%
Income-to-Housing Ratio

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

What is the median household income in Franklin County, Tennessee?
The median household income in Franklin County, Tennessee is $61,553, 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 $32,926, 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 $61,553.
How does Franklin County compare to the Tennessee average?
Franklin County's median household income of $61,553 is higher than the Tennessee state average of $58,994. The per capita income is $32,926, compared to the state average of $31,458.
What is the per capita income in Franklin County, Tennessee?
The per capita income in Franklin County, Tennessee is $32,926, 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 Tennessee average?
Franklin County's median household income of $61,553 is higher than the Tennessee average of $58,994. This difference of $2,559 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 Tennessee?
Franklin County ranks #31 out of 95 counties in Tennessee by median household income (1 = highest). With a median household income of $61,553 and per capita income of $32,926, 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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County median: $61,553 per year

vs. County Median

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vs. State Average

+4%

vs. National Median

-18%

vs. Franklin County MedianAbout equal
vs. Tennessee Average4% above
vs. National Median18% below

Income Adequacy

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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.