Franklin, KY Micro Area

Metro Area

Population: 19,786 (2023 estimate)

Core-Based Statistical Area (CBSA)

Metro area data from the U.S. Census Bureau. Core-Based Statistical Areas (CBSAs) are defined by the Office of Management and Budget and group counties with a central urban core plus surrounding communities that are economically tied to it. Metro areas often cross county and state lines, making them the best unit for understanding regional labor markets, housing costs, and commute patterns.

Metro income rankings Compare to another metro

Trends 2017–2023

Income Poverty Home Values Rent Homeownership Education Unemployment Commute Time Work From Home Foreign-Born Uninsured

Data: U.S. Census Bureau, ACS 5-Year Estimates, 2023 (released December 2024).

Quick Facts — Franklin, KY Micro Area

What is the median household income in Franklin, KY Micro Area?: The median household income in Franklin, KY Micro Area is $57,392 (U.S. Census Bureau ACS 5-Year Estimates, 2023).
What is the poverty rate in Franklin, KY Micro Area?: The poverty rate in Franklin, KY Micro Area is 10.6% (U.S. Census Bureau ACS 2023).
What is the median home value in Franklin, KY Micro Area?: $195,700 (U.S. Census Bureau ACS 2023).
What is the average rent in Franklin, KY Micro Area?: The median gross rent in Franklin, KY Micro Area is $1,011 per month (U.S. Census Bureau ACS 2023).
What percentage of Franklin, KY Micro Area residents have a college degree?: 16.8% of adults in Franklin, KY Micro Area hold a bachelor's degree or higher (U.S. Census Bureau ACS 2023).

Population

19,786

Median Income

$57,392

Median Home Value

$195,700

Poverty Rate

10.6%

Unemployment (ACS 2023)

3.9%

Median Age

39.0 yrs

Demographics

Total Population 19,786

Median Age 39.0

Female 50.1%

Race & Ethnicity

Hispanic or Latino 3.4% White (non-Hisp.) 84.2% Black 7.0% Asian 0.2% Two or More 7.3% Other 1.0%

Asian Subgroups (% of total pop.)

Filipino

0.1%

Japanese

0.1%

Hispanic Subgroups (% of total pop.)

Mexican

2.2%

Puerto Rican

0.2%

Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023

Income & Poverty

Median Household Income $57,392 ±$5,485

Per Capita Income $69,581

Median Family Income $71,830

Poverty Rate 10.6%

Child Poverty Rate 13.6%

Working-Age Poverty Rate —

SNAP Recipients 11.0%

Social Security Income —

Retirement Income 26.3%

Household Income Distribution

< $10k

8.2%

$10–15k

5.6%

$15–25k

8.0%

$25–35k

8.8%

$35–50k

10.7%

$50–75k

24.9%

$75–100k

8.9%

$100–150k

15.3%

$150–200k

5.4%

$200k+

4.1%

Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023

Housing

Total Housing Units 8,456

Owner-Occupied 66.3%

Renter-Occupied 33.7%

Vacancy Rate 9.1%

Median Home Value $195,700

Median Gross Rent $1,011

Owner Cost Burden (30%+) 14.4%

Renter Cost Burden (30%+) 33.0%

Home Value Distribution

< $50k

5.7%

$50–100k

9.9%

$100–200k

17.8%

$200–300k

25.5%

$300–500k

17.5%

$500k–$1M

4.4%

$1M+

1.0%

Gross Rent Distribution

< $500

8.3%

$500–1k

40.2%

$1–1.5k

47.7%

$1.5–2k

3.9%

Vehicle Availability

No vehicle

3.0%

1 vehicle

29.0%

2 vehicles

39.8%

28.1%

Housing Type

Single-fam. det.

79.0%

Single-fam. att.

0.7%

2–4 units

4.3%

5–19 units

4.7%

20+ units

0.5%

Mobile home

7.6%

Housing Age

Pre-1940

12.9%

1940–1969

4.1%

1970–1999

15.3%

2000–2009

12.4%

2010+

8.5%

Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023

Education

High School or Higher 89.2%

Bachelor's or Higher 16.8%

Graduate Degree 6.3%

Some College / Associate 20.9%

Less Than High School 2.7%

Enrolled in School —

Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023

Employment

Labor Force Participation 60.0%

Unemployment Rate 3.9%

Work from Home 5.2%

Self-Employed 9.3%

Government Workers 13.9%

Private For-Profit 76.8%

Industry

Manufacturing

22.7%

Edu/Health

17.5%

Retail

15.4%

Arts/Entmt.

9.1%

Transportation

7.3%

Construction

7.2%

Prof. Services

5.7%

Wholesale

3.4%

Finance

2.3%

Public Admin

2.3%

Agriculture

0.8%

Information

0.4%

Occupation

Management

27.1%

Production

25.6%

Sales

21.2%

Food Prep

16.1%

Construction

10.0%

Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023

Commute

Median Travel Time 21.7 min

Drove Alone 79.5%

Carpool 12.8%

Public Transit 0.3%

Work from Home 5.2%

Walked 1.6%

Bicycle —

Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023

Households & Families

Total Households 7,689

Avg. Household Size 2.00

Avg. Family Size —

Married-Couple Households 49.3%

Single-Mother Households —

Single-Father Households —

Living Alone —

Households with Children 16.5%

Multigenerational —

Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023

Age Distribution

Under 5

5.8%

5–9

8.0%

10–14

5.9%

15–19

5.9%

20–24

6.8%

25–34

13.1%

35–44

12.1%

45–54

12.2%

55–64

7.0%

65–74

7.3%

75–84

9.7%

85+

4.9%

Under 18: 23.5% Working age (18–64): 76.5% 65 and over: 16.0%

Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023

Social Characteristics

Immigration

Foreign Born 1.2%

Naturalized Citizen 39.1%

Speaks English Less Than Very Well 0.6%

Foreign-Born Origin

Latin America

79.0%

Asia

12.2%

Europe

8.0%

Africa

0.8%

Veterans & Disability

Veteran 8.3%

With a Disability 15.2%

Cognitive Difficulty —

Ambulatory Difficulty —

Health Insurance

Insured 91.6%

Uninsured 8.4%

Employer Insurance —

Medicaid —

Medicare —

Technology & Mobility

Broadband Internet 85.7%

Has a Computer 92.6%

Same House 1 Year Ago 88.5%

Moved from Abroad 0.0%

Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023