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The total population of Franklin is estimated to be 10,141 with 5,158 males (50.86%) and 4,983 females (49.14%). There are 175 less females than males in Franklin.
The median household income in Franklin was $55,477 in 2021, which marked an an increase of 3,372(6.47%) from $52,105 in 2020. This income is 74.36% of the U.S. median household income of $74,606 (all incomes in 2022 inflation-adjusted dollars).
Per the latest American Community Survey by the Census Bureau, Franklin sees its highest median household income among householders in the age group of 25 to 44 years old, at $68,095. Overall, the median household income for the city of Franklin stands at $55,477.
In Franklin, the median income for all workers aged 15 years and older, regardless of work hours, was $38,913 for males and $23,678 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $52,267 for males and $38,362 for females.
In Franklin, the demographic landscape is diverse, spanning 4 distinct racial categories among households. Among these, Asian households have the highest median household income at $67,661, while White households represent the opposite end with the lowest median household income of $52,530.
In 2022, the population of Franklin was 10,344, a 1.06% increase year-by-year from 2021. Previously, in 2021, Franklin's population was 10,235, an increase of 0.35% compared to a population of 10,199 in 2020.
The median age in Franklin, KY is 34.4, as per 2021 ACS 5-Year Estimates. Of the total population, 22.98% were under the age of 15, 21.86% aged 15 to 29, 38.59% aged 30 to 64, 15.05% aged 65 to 84, and 1.51% were 85 years of age and older.
Racial distribution of Franklin population: 77.15% are White, 16.16% are Black or African American, 0.06% are American Indian and Alaska Native, 0.89% are Asian, 0.07% are some other race and 5.68% are multiracial.