Franklin, Tennessee

US Census Bureau ACS 5-Year Estimates ยท 2022

TN

Franklin Demographics Overview

Total Population
83,630
ACS 2022 estimate
Median Household Income
$106,592
Annual household income
โ–ฒ 43% vs US avg
Median Home Value
$574,000
Owner-occupied homes
โ–ฒ 104% vs US avg
Median Gross Rent
$1,785
Monthly rent (incl. utilities)
โ–ฒ 53% vs US avg
Median Age
37.8 years
Median age of residents
โ–ผ 3% vs US avg

Income & Economy

Median Household Income
$106,592
US avg: $74,580
vs. National Median+42.9%

Housing

Median Home Value
$574,000
US avg: $281,900
Median Gross Rent
$1,785/mo
US avg: $1,163/mo
Rent vs. National Avg+53.5%

Population

Total Population83,630
Median Age
37.8 years
US avg: 38.9 yrs

Data Source

Data for Franklin comes from the US Census Bureau American Community Survey (ACS) 5-Year Estimates, covering the period 2018โ€“2022.

The ACS 5-Year estimates provide the most reliable demographic statistics available, especially for smaller communities, by pooling 5 years of survey data.

Learn more about the ACS โ†’

Franklin, TN โ€” Frequently Asked Questions

Common questions about Franklin demographics

What is the population of Franklin, Tennessee?

According to the US Census Bureau ACS 5-Year Estimates (2022), the population of Franklin, Tennessee is 83,630.

What is the median household income in Franklin?

The median household income in Franklin, Tennessee is $106,592 per year, according to the 2022 ACS 5-Year Estimates. The US national median household income is approximately $74,580.

What is the cost of living in Franklin?

Key cost indicators for Franklin, Tennessee:. Median home value: $574,000. Median gross rent: $1,785/month. Median household income: $106,592/year

What is the median home value in Franklin?

The median home value in Franklin, Tennessee is $574,000, compared to the national median of approximately $281,900.

What is the average age in Franklin?

The median age in Franklin, Tennessee is 37.8 years, compared to the US national median age of approximately 38.9 years.