Everything You Need to Know About the City of Franklin Tennessee

In 2017, Franklin, Tennessee had a population of 73k people with a median age of 38.1 and a median household income of $92,589 dollars. Between 2016 and 2017 the population of Franklin, TN grew from 70,625 to 72,990, a 3.35 percent increase and its median household income grew from $88,961 dollars to $92,589 dollars, a 4.08 percent increase.

The population of Franklin, TN is 79.2 percent White Alone, 7 percent Hispanic or Latino, and 5.85 percent Black or African American Alone. N/A% of the people in Franklin, TN speak a non-English language, and 93.2 percent are U.S. citizens.

The largest universities in Franklin, TN are Franklin Hair Academy School of Cosmetology (33 degrees awarded in 2017), O’More College of Design (26 degrees), and Williamson Christian College (14 degrees).

The median property value in Franklin, TN is $362,300 dollars, and the homeownership rate is 67.6 percent. Most people in Franklin, TN commute by Drove Alone, and the average commute time is 22.1 minutes. The average car ownership in Franklin, TN is 2 cars per household.


Education in Franklin

In 2017, universities in Franklin, TN awarded 73 degrees. The student of Franklin, TN is skewed towards women, with 45 males and 178 females.

Most students graduating from Universities in Franklin, TN are White (45 and 61.6 percent), followed by Asian (16 and 21.9 percent), Black or African American (4 and 5.48 percent), and Unknown (4 and 5.48 percent).

The largest universities in Franklin, TN by the number of degrees awarded are Franklin Hair Academy School of Cosmetology (33 and 45.2 percent), O’More College of Design (26 and 35.6 percent), and Williamson Christian College (14 and 19.2 percent).

The most popular majors in Franklin, TN are Nail Specialist & Manicurist (17 and 23.3 percent), General Cosmetology (14 and 19.2 percent), and Non-Profit, Public, & Organizational Management (12 and 16.4 percent).

The median tuition costs in Franklin, TN are $21,015 dollars for private four-year colleges, and $N/A and $N/A respectively, for public four-year colleges for in-state students and out-of-state students.


Economy in Franklin

The economy of Franklin, TN employs 38.5k people and Franklin has an unemployment rate of 2.4 percent. Franklin has seen the job market increase by 2.4 percent over the last year. Future job growth over the next ten years is predicted to be 53.4 percent, which is higher than the US average of 33.5 percent. The largest industries in Franklin, TN are Health Care & Social Assistance (6,159 people), Retail Trade (4,142 people), and Professional, Scientific, & Technical Services (4,531 people), and the highest paying industries are Management of Companies & Enterprises ($113,454 dollars), Manufacturing ($80,133 dollars), and Finance & Insurance ($78,677 dollars).

Households in Franklin, TN have a median annual income of $92,589 dollars, which is more than the median annual income of $61,937 dollars across the entire United States. This is in comparison to a median income of $88,961 dollars in 2016, which represents a 4.08 percent annual growth.


Tax Rates for Franklin

– The Sales Tax Rate for Franklin is 9.3 percent.

– The Income Tax Rate for Franklin is 0.0 percent.

– Tax Rates can have a big impact when Comparing the Cost of Living.


Income and Salaries for Franklin

– The average earnings of a Franklin resident are $40,447 dollars a year.

– The Median household earnings of a Franklin resident is $81,432 dollars a year.