The median household income in Franklin, VA in 2022 was $56,629, which was 51.6% less than the median annual income of $85,873 across the entire state of Virginia. Compared to the median income of $31,687 in 2000 this represents an increase of 44.0%. The per capita income in 2022 was $29,676, which means an increase of 37.4% compared to 2000 when it was $18,573.
Whole page based on the data from 2000 / 2022 when the population of Franklin, Virginia was 8,346 / 8,250
Income statistics for all residents
Median household income in Franklin, VA in 2022:
Franklin:
$56,630
Virginia:
$85,873
Change in median household income between 2000 and 2022:
Franklin, Virginia:
+78.7%
State:
+84.0%
Number of households with income < $10k:
Franklin:
9.8% (341)
State:
4.9% (165,315)
Number of households with income $10k - 20k:
Franklin:
8.5% (294)
State:
5.9% (199,380)
Number of households with income $20k - 30k:
Franklin:
7.0% (242)
State:
6.0% (202,243)
Number of households with income $30k - 40k:
Franklin:
11.2% (390)
State:
6.1% (205,967)
Number of households with income $40k - 50k:
Franklin:
6.6% (229)
Virginia:
6.4% (215,648)
Number of households with income $50k - 60k:
Franklin:
12.5% (434)
State:
6.2% (210,516)
Number of households with income $60k - 75k:
Franklin:
9.1% (316)
Virginia:
8.6% (292,112)
Number of households with income $75k - 100k:
Franklin:
12.2% (425)
Virginia:
12.2% (412,198)
Number of households with income $100k - 125k:
Franklin:
8.8% (304)
Virginia:
10.3% (348,998)
Number of households with income $125k - 150k:
Franklin:
7.8% (272)
Virginia:
7.7% (261,236)
Number of households with income $150k - 200k:
Franklin:
4.0% (139)
State:
10.3% (347,282)
Number of households with income > $200k:
Franklin:
2.4% (85)
State:
15.4% (519,712)
Aggregate household income in Franklin in 2022: $240,292,847
Median family income in Franklin in 2022:
Franklin:
$71,617
Virginia:
$107,101
Number of families with income < $10k:
Franklin:
5.7% (123)
Virginia:
2.8% (61,637)
Number of families with income $10k - 20k:
Franklin:
2.6% (57)
State:
3.3% (71,807)
Number of families with income $20k - 30k:
Franklin:
7.8% (168)
State:
4.0% (87,860)
Number of families with income $30k - 40k:
Franklin:
9.5% (205)
State:
4.7% (103,002)
Number of families with income $40k - 50k:
Franklin:
4.5% (98)
State:
5.4% (118,579)
Number of families with income $50k - 60k:
Franklin:
13.7% (297)
State:
5.5% (120,924)
Number of families with income $60k - 75k:
Franklin:
7.8% (169)
State:
8.2% (180,564)
Number of families with income $75k - 100k:
Franklin:
15.1% (327)
Virginia:
12.6% (277,221)
Number of families with income $100k - 125k:
Franklin:
11.3% (245)
State:
11.3% (248,485)
Number of families with income $125k - 150k:
Franklin:
11.6% (250)
State:
9.0% (197,999)
Number of families with income $150k - 200k:
Franklin:
6.5% (141)
State:
12.7% (278,323)
Number of families with income > $200k:
Franklin:
3.9% (85)
Virginia:
20.3% (445,515)
Median non-family income in Franklin in 2022:
Franklin:
$30,488
State:
$51,436
Change in median non-family income between 2000 and 2022:
Franklin, Virginia:
+71.3%
Virginia:
+73.5%
Median per capita income in Franklin in 2022:
Franklin:
$29,676
State:
$47,199
Change in median per capita income between 2000 and 2022:
Franklin, Virginia:
+59.8%
Virginia:
+96.9%
Income statistics for White residents
Median household income in Franklin, VA in 2022:
Franklin:
$70,348
State:
$91,924
Change in median household income between 2000 and 2022:
Franklin, Virginia:
+52.6%
Virginia:
+81.9%
Number of households with income < $10k:
Franklin:
0.0% (0)
State:
4.1% (90,549)
Number of households with income $10k - 20k:
Franklin:
4.7% (63)
State:
5.2% (114,324)
Number of households with income $20k - 30k:
Franklin:
3.7% (49)
Virginia:
5.7% (125,676)
Number of households with income $30k - 40k:
Franklin:
10.6% (142)
State:
5.5% (121,220)
Number of households with income $40k - 50k:
Franklin:
11.5% (154)
State:
6.0% (133,011)
Number of households with income $50k - 60k:
Franklin:
10.9% (146)
State:
6.2% (136,856)
Number of households with income $60k - 75k:
Franklin:
11.4% (153)
Virginia:
8.4% (186,094)
Number of households with income $75k - 100k:
Franklin:
11.1% (149)
Virginia:
12.5% (277,077)
Number of households with income $100k - 125k:
Franklin:
14.5% (194)
State:
10.8% (237,562)
Number of households with income $125k - 150k:
Franklin:
12.8% (172)
State:
8.0% (177,532)
Number of households with income $150k - 200k:
Franklin:
2.7% (36)
State:
11.0% (242,106)
Number of households with income > $200k:
Franklin:
6.0% (81)
State:
16.6% (366,064)
Aggregate household income in Franklin in 2022: $123,523,757
Median family income in Franklin in 2022:
Franklin:
$90,346
Virginia:
$114,708
Number of families with income $10k - 20k:
Franklin:
0.6% (6)
State:
2.5% (35,529)
Number of families with income $20k - 30k:
Franklin:
8.1% (80)
State:
3.5% (49,027)
Number of families with income $30k - 40k:
Franklin:
8.7% (87)
State:
3.8% (53,514)
Number of families with income $40k - 50k:
Franklin:
4.2% (42)
State:
4.7% (66,206)
Number of families with income $50k - 60k:
Franklin:
11.0% (110)
State:
5.2% (74,438)
Number of families with income $60k - 75k:
Franklin:
7.6% (76)
Virginia:
8.2% (116,265)
Number of families with income $75k - 100k:
Franklin:
12.6% (126)
State:
12.9% (183,581)
Number of families with income $100k - 125k:
Franklin:
19.2% (192)
State:
11.9% (168,950)
Number of families with income $125k - 150k:
Franklin:
16.3% (163)
Virginia:
9.5% (134,452)
Number of families with income $150k - 200k:
Franklin:
3.6% (36)
State:
13.8% (195,800)
Number of families with income > $200k:
Franklin:
8.1% (81)
State:
22.1% (313,072)
Median non-family income in Franklin in 2022:
Franklin:
$46,333
Virginia:
$53,785
Change in median non-family income between 2000 and 2022:
Franklin, Virginia:
+111.0%
State:
+70.5%
Median per capita income in Franklin in 2022:
Franklin:
$41,678
State:
$53,456
Change in median per capita income between 2000 and 2022:
Franklin, Virginia:
+55.2%
State:
+99.2%
Income statistics for Black or African American residents
Median household income in Franklin, VA in 2022:
Franklin:
$45,961
State:
$60,526
Change in median household income between 2000 and 2022:
Franklin, Virginia:
+137.3%
Virginia:
+87.6%
Number of households with income < $10k:
Franklin:
18.3% (311)
State:
8.3% (52,649)
Number of households with income $10k - 20k:
Franklin:
11.8% (201)
Virginia:
9.6% (60,583)
Number of households with income $20k - 30k:
Franklin:
8.6% (146)
State:
8.1% (51,220)
Number of households with income $30k - 40k:
Franklin:
11.4% (194)
State:
8.6% (54,185)
Number of households with income $40k - 50k:
Franklin:
3.9% (67)
State:
8.1% (51,156)
Number of households with income $50k - 60k:
Franklin:
12.9% (220)
Virginia:
7.0% (44,637)
Number of households with income $60k - 75k:
Franklin:
9.2% (156)
State:
9.8% (62,332)
Number of households with income $75k - 100k:
Franklin:
10.2% (173)
State:
11.4% (72,479)
Number of households with income $100k - 125k:
Franklin:
2.8% (47)
Virginia:
8.5% (53,997)
Number of households with income $125k - 150k:
Franklin:
5.0% (85)
State:
6.3% (40,032)
Number of households with income $150k - 200k:
Franklin:
6.0% (103)
State:
6.9% (43,513)
Number of households with income > $200k:
Franklin:
0.0% (0)
Virginia:
7.4% (46,851)
Aggregate household income in Franklin in 2022: $91,221,068
Median family income in Franklin in 2022:
Franklin:
$57,362
Virginia:
$74,125
Number of families with income < $10k:
Franklin:
9.2% (87)
State:
5.7% (21,574)
Number of families with income $10k - 20k:
Franklin:
3.0% (28)
State:
5.9% (22,226)
Number of families with income $20k - 30k:
Franklin:
7.8% (73)
State:
6.6% (24,902)
Number of families with income $30k - 40k:
Franklin:
11.8% (111)
State:
7.9% (29,738)
Number of families with income $40k - 50k:
Franklin:
5.5% (52)
State:
7.9% (29,836)
Number of families with income $50k - 60k:
Franklin:
13.0% (123)
Virginia:
6.9% (26,158)
Number of families with income $60k - 75k:
Franklin:
9.1% (85)
Virginia:
9.6% (36,311)
Number of families with income $75k - 100k:
Franklin:
18.2% (171)
State:
13.0% (49,024)
Number of families with income $100k - 125k:
Franklin:
4.8% (45)
Virginia:
9.9% (37,339)
Number of families with income $125k - 150k:
Franklin:
7.3% (69)
Virginia:
7.8% (29,249)
Number of families with income $150k - 200k:
Franklin:
10.3% (97)
State:
8.5% (32,054)
Median non-family income in Franklin in 2022:
Franklin:
$18,308
Virginia:
$40,425
Change in median non-family income between 2000 and 2022:
Franklin, Virginia:
+43.2%
State:
+91.0%
Median per capita income in Franklin in 2022:
Franklin:
$23,021
State:
$34,599
Change in median per capita income between 2000 and 2022:
Franklin, Virginia:
+99.1%
Virginia:
+119.8%
Income statistics for Asian residents
Median household income in Franklin, VA in 2022:
Franklin:
$81,298
State:
$126,277
Number of households with income < $10k:
Franklin:
27.4% (34)
State:
3.6% (7,279)
Number of households with income $10k - 20k:
Franklin:
0.0% (0)
Virginia:
3.2% (6,565)
Number of households with income $20k - 30k:
Franklin:
0.0% (0)
Virginia:
3.2% (6,439)
Number of households with income $30k - 40k:
Franklin:
0.0% (0)
State:
3.5% (7,097)
Number of households with income $40k - 50k:
Franklin:
0.0% (0)
Virginia:
4.4% (8,868)
Number of households with income $50k - 60k:
Franklin:
0.0% (0)
State:
3.8% (7,796)
Number of households with income $60k - 75k:
Franklin:
0.0% (0)
State:
6.2% (12,561)
Number of households with income $75k - 100k:
Franklin:
64.5% (80)
Virginia:
10.3% (20,876)
Number of households with income $100k - 125k:
Franklin:
0.0% (0)
Virginia:
11.2% (22,753)
Number of households with income $125k - 150k:
Franklin:
8.1% (10)
State:
8.0% (16,320)
Number of households with income $150k - 200k:
Franklin:
0.0% (0)
State:
14.4% (29,314)
Number of households with income > $200k:
Franklin:
0.0% (0)
State:
28.2% (57,395)
Aggregate household income in Franklin in 2022: $7,650,878
Median per capita income in Franklin in 2022:
Franklin:
$27,012
Virginia:
$56,055
Income statistics for Hispanic or Latino residents
Number of households with income < $10k:
Franklin:
0.0% (0)
State:
4.6% (11,664)
Number of households with income $10k - 20k:
Franklin:
0.0% (0)
Virginia:
4.9% (12,443)
Number of households with income $20k - 30k:
Franklin:
54.3% (50)
State:
5.9% (14,859)
Number of households with income $30k - 40k:
Franklin:
0.0% (0)
State:
6.8% (17,059)
Number of households with income $40k - 50k:
Franklin:
0.0% (0)
State:
6.4% (16,261)
Number of households with income $50k - 60k:
Franklin:
45.7% (42)
State:
6.9% (17,468)
Number of households with income $60k - 75k:
Franklin:
0.0% (0)
State:
9.6% (24,193)
Number of households with income $75k - 100k:
Franklin:
0.0% (0)
State:
13.2% (33,405)
Number of households with income $100k - 125k:
Franklin:
0.0% (0)
Virginia:
10.5% (26,356)
Number of households with income $125k - 150k:
Franklin:
0.0% (0)
State:
8.1% (20,494)
Number of households with income $150k - 200k:
Franklin:
0.0% (0)
State:
9.5% (23,943)
Number of households with income > $200k:
Franklin:
0.0% (0)
State:
13.5% (33,987)
Aggregate household income in Franklin in 2022: $3,725,633
Median per capita income in Franklin in 2022:
Franklin:
$13,468
State:
$32,277
Change in median per capita income between 2000 and 2022:: -35.2%
Franklin, Virginia:
-35.2%
Virginia:
+104.6%
Income statistics for Multirace residents
Median household income in Franklin, VA in 2022:
Franklin:
$53,468
State:
$90,841
Change in median household income between 2000 and 2022:
Franklin, Virginia:
+17.2%
State:
+117.5%
Number of households with income < $10k:
Franklin:
0.0% (0)
Virginia:
4.1% (9,125)
Number of households with income $10k - 20k:
Franklin:
12.2% (37)
State:
5.9% (12,969)
Number of households with income $20k - 30k:
Franklin:
4.9% (15)
State:
4.8% (10,563)
Number of households with income $30k - 40k:
Franklin:
22.4% (68)
Virginia:
6.6% (14,553)
Number of households with income $40k - 50k:
Franklin:
0.0% (0)
State:
5.2% (11,391)
Number of households with income $50k - 60k:
Franklin:
28.3% (86)
Virginia:
6.8% (14,994)
Number of households with income $60k - 75k:
Franklin:
0.0% (0)
State:
8.8% (19,323)
Number of households with income $75k - 100k:
Franklin:
8.9% (27)
Virginia:
12.1% (26,729)
Number of households with income $100k - 125k:
Franklin:
23.4% (71)
State:
10.4% (22,807)
Number of households with income $125k - 150k:
Franklin:
0.0% (0)
Virginia:
8.1% (17,881)
Number of households with income $150k - 200k:
Franklin:
0.0% (0)
State:
10.4% (22,979)
Number of households with income > $200k:
Franklin:
0.0% (0)
State:
16.7% (36,748)
Aggregate household income in Franklin in 2022: $18,430,017
Median family income in Franklin in 2022:
Franklin:
$54,372
Virginia:
$103,849
Number of families with income $10k - 20k:
Franklin:
19.1% (31)
State:
3.5% (5,364)
Number of families with income $20k - 30k:
Franklin:
8.9% (14)
State:
3.9% (5,851)
Number of families with income $50k - 60k:
Franklin:
55.6% (91)
Virginia:
6.6% (9,957)
Number of families with income $75k - 100k:
Franklin:
16.4% (27)
Virginia:
12.5% (18,956)
Median per capita income in Franklin in 2022:
Franklin:
$20,588
State:
$34,385
Change in median per capita income between 2000 and 2022:
Franklin, Virginia:
+71.5%
State:
+130.2%
Income statistics for other residents
Number of households with income < $10k:
Franklin:
0.0% (0)
Virginia:
5.1% (5,333)
Number of households with income $10k - 20k:
Franklin:
0.0% (0)
Virginia:
4.3% (4,478)
Number of households with income $20k - 30k:
Franklin:
100.0% (43)
State:
7.3% (7,629)
Number of households with income $30k - 40k:
Franklin:
0.0% (0)
State:
7.8% (8,201)
Number of households with income $40k - 50k:
Franklin:
0.0% (0)
State:
10.1% (10,533)
Number of households with income $50k - 60k:
Franklin:
0.0% (0)
Virginia:
5.4% (5,653)
Number of households with income $60k - 75k:
Franklin:
0.0% (0)
State:
10.2% (10,650)
Number of households with income $75k - 100k:
Franklin:
0.0% (0)
State:
12.9% (13,493)
Number of households with income $100k - 125k:
Franklin:
0.0% (0)
Virginia:
9.7% (10,131)
Number of households with income $125k - 150k:
Franklin:
0.0% (0)
State:
8.2% (8,624)
Number of households with income $150k - 200k:
Franklin:
0.0% (0)
State:
8.2% (8,609)
Number of households with income > $200k:
Franklin:
0.0% (0)
State:
10.8% (11,336)
Aggregate household income in Franklin in 2022: $8,397,129
Median per capita income in Franklin in 2022:
Franklin:
$58,919
State:
$29,023
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