Franklin city, Virginia

Income Data

-13% vs. Virginia average
$65,125
Median Household Income
$31,838
Per Capita Income

At a Glance

Median Household Income
$65,125
-13% vs. state avg
Per Capita Income
$31,838
-19% vs. national
Income-to-Housing Ratio
28.7%
income as % of home value
Rank in Virginia
#70 / 133
by median household income

How Franklin city Compares

Franklin city$65,125
Virginia Average$74,957
National Median$74,755

Detailed Income Statistics

$65,125
Median Household Income
$31,838
Per Capita Income
$227,200
Median Home Value
28.7%
Income-to-Housing Ratio

Data Story

About Household Income in Franklin city, Virginia

Franklin falls below national income

Franklin city's median household income of $65,125 is 13% below the national median of $74,755. As an independent city in rural Southside Virginia, Franklin faces income challenges typical of post-industrial communities.

Franklin ranks among lower Virginia cities

Franklin's median household income of $65,125 falls 13% below Virginia's state average of $74,957, placing it among the lower-earning municipalities in the state. Per capita income of $31,838 trails the state average by 19%.

Franklin earns less than nearby counties

Franklin city households earn $3,223 less annually than Franklin County ($68,348) and $26,834 less than Frederick County ($95,603). Lower housing costs ($227,200 median home value) provide some offset to the income gap.

Housing affordability strains budgets

At 18.3%, Franklin's rent-to-income ratio approaches the affordability threshold of 30%, indicating that housing costs consume a larger share of household earnings than in higher-income areas. Rising rents could push more households into housing affordability stress.

Prioritize emergency funds first

Franklin residents earning $65,125 annually should focus on building a 3-6 month emergency fund before pursuing other investments. Securing stable employment and exploring skill-building opportunities can increase earning potential over time.

Frequently Asked Questions

What is the median household income in Franklin city, Virginia?
The median household income in Franklin city, Virginia is $65,125, 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 city?
The per capita income in Franklin city is $31,838, 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 $65,125.
How does Franklin city compare to the Virginia average?
Franklin city's median household income of $65,125 is lower than the Virginia state average of $74,957. The per capita income is $31,838, compared to the state average of $39,155.
What is the per capita income in Franklin city, Virginia?
The per capita income in Franklin city, Virginia is $31,838, 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.
Is Franklin city a low-income area in Virginia?
Franklin city's median household income of $65,125 is below the Virginia average of $74,957. The per capita income of $31,838 is also lower than the state average of $39,155. Lower incomes can reflect the local economic base, rural vs. urban location, and employment opportunities available in the area.
How does Franklin city rank for income in Virginia?
Franklin city ranks #70 out of 133 counties in Virginia by median household income (1 = highest). With a median household income of $65,125 and per capita income of $31,838, it falls in the middle third of counties statewide.

Income Comparison Calculator

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County median: $65,125 per year

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vs. State Average

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vs. National Median

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vs. National Median13% 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.