The median household income in Franklin, KY in 2022 was $54,017, which was 9.9% less than the median annual income of $59,341 across the entire state of Kentucky. Compared to the median income of $32,001 in 2000 this represents an increase of 40.8%. The per capita income in 2022 was $24,165, which means an increase of 31.9% compared to 2000 when it was $16,467.
Whole page based on the data from 2000 / 2022 when the population of Franklin, Kentucky was 7,996 / 10,162
Income statistics for all residents
Median household income in Franklin, KY in 2022:
Franklin:
$54,018
State:
$59,341
Change in median household income between 2000 and 2022:
Franklin, Kentucky:
+68.8%
State:
+76.2%
Number of households with income < $10k:
Franklin:
10.2% (382)
Kentucky:
6.8% (123,697)
Number of households with income $10k - 20k:
Franklin:
8.5% (318)
Kentucky:
10.0% (182,645)
Number of households with income $20k - 30k:
Franklin:
11.0% (410)
State:
9.0% (164,092)
Number of households with income $30k - 40k:
Franklin:
8.4% (312)
State:
9.1% (165,607)
Number of households with income $40k - 50k:
Franklin:
6.6% (246)
State:
8.0% (146,315)
Number of households with income $50k - 60k:
Franklin:
8.9% (331)
Kentucky:
7.7% (140,671)
Number of households with income $60k - 75k:
Franklin:
16.3% (607)
State:
9.8% (180,002)
Number of households with income $75k - 100k:
Franklin:
9.7% (363)
Kentucky:
12.6% (230,239)
Number of households with income $100k - 125k:
Franklin:
12.4% (461)
Kentucky:
9.0% (164,398)
Number of households with income $125k - 150k:
Franklin:
3.4% (128)
State:
5.9% (108,602)
Number of households with income $150k - 200k:
Franklin:
2.7% (100)
State:
6.2% (112,813)
Number of households with income > $200k:
Franklin:
1.9% (69)
State:
6.0% (109,599)
Aggregate household income in Franklin in 2022: $234,598,093
Median family income in Franklin in 2022:
Franklin:
$66,655
State:
$76,119
Number of families with income < $10k:
Franklin:
7.5% (185)
Kentucky:
4.3% (50,255)
Number of families with income $10k - 20k:
Franklin:
4.0% (99)
Kentucky:
5.4% (62,899)
Number of families with income $20k - 30k:
Franklin:
5.6% (139)
Kentucky:
6.5% (76,765)
Number of families with income $30k - 40k:
Franklin:
9.0% (223)
State:
8.1% (95,183)
Number of families with income $40k - 50k:
Franklin:
6.6% (162)
State:
7.1% (83,575)
Number of families with income $50k - 60k:
Franklin:
7.8% (192)
State:
7.4% (86,258)
Number of families with income $60k - 75k:
Franklin:
21.0% (519)
State:
10.3% (121,229)
Number of families with income $75k - 100k:
Franklin:
13.4% (332)
State:
14.7% (172,722)
Number of families with income $100k - 125k:
Franklin:
13.0% (321)
Kentucky:
11.5% (134,935)
Number of families with income $125k - 150k:
Franklin:
5.3% (130)
State:
7.9% (93,107)
Number of families with income $150k - 200k:
Franklin:
4.1% (101)
Kentucky:
8.4% (98,984)
Number of families with income > $200k:
Franklin:
2.8% (69)
Kentucky:
8.2% (96,213)
Median non-family income in Franklin in 2022:
Franklin:
$26,885
State:
$33,993
Change in median non-family income between 2000 and 2022:
Franklin, Kentucky:
+77.1%
State:
+79.2%
Median per capita income in Franklin in 2022:
Franklin:
$24,166
State:
$33,980
Change in median per capita income between 2000 and 2022:
Franklin, Kentucky:
+46.8%
Kentucky:
+87.8%
Income statistics for White residents
Median household income in Franklin, KY in 2022:
Franklin:
$53,046
State:
$60,987
Change in median household income between 2000 and 2022:
Franklin, Kentucky:
+66.6%
State:
+76.2%
Number of households with income < $10k:
Franklin:
7.6% (216)
State:
6.2% (96,690)
Number of households with income $10k - 20k:
Franklin:
9.8% (278)
Kentucky:
9.7% (151,125)
Number of households with income $20k - 30k:
Franklin:
12.6% (357)
State:
8.9% (139,532)
Number of households with income $30k - 40k:
Franklin:
10.4% (295)
Kentucky:
9.1% (142,284)
Number of households with income $40k - 50k:
Franklin:
5.9% (166)
State:
7.7% (121,151)
Number of households with income $50k - 60k:
Franklin:
7.4% (210)
Kentucky:
7.7% (119,790)
Number of households with income $60k - 75k:
Franklin:
19.0% (539)
State:
9.9% (154,174)
Number of households with income $75k - 100k:
Franklin:
9.2% (262)
State:
12.8% (199,740)
Number of households with income $100k - 125k:
Franklin:
8.0% (226)
Kentucky:
9.4% (146,284)
Number of households with income $125k - 150k:
Franklin:
4.3% (123)
State:
6.0% (94,180)
Number of households with income $150k - 200k:
Franklin:
3.4% (96)
State:
6.4% (100,702)
Number of households with income > $200k:
Franklin:
2.4% (68)
Kentucky:
6.3% (98,502)
Aggregate household income in Franklin in 2022: $176,777,901
Median family income in Franklin in 2022:
Franklin:
$66,493
State:
$78,353
Number of families with income < $10k:
Franklin:
2.1% (38)
Kentucky:
3.7% (37,075)
Number of families with income $10k - 20k:
Franklin:
3.2% (59)
State:
4.9% (49,864)
Number of families with income $20k - 30k:
Franklin:
4.6% (84)
Kentucky:
6.4% (64,043)
Number of families with income $30k - 40k:
Franklin:
12.3% (224)
State:
8.0% (81,080)
Number of families with income $40k - 50k:
Franklin:
8.0% (147)
State:
6.9% (69,099)
Number of families with income $50k - 60k:
Franklin:
8.0% (145)
Kentucky:
7.2% (72,955)
Number of families with income $60k - 75k:
Franklin:
24.8% (454)
State:
10.4% (104,587)
Number of families with income $75k - 100k:
Franklin:
12.7% (232)
State:
15.0% (151,545)
Number of families with income $100k - 125k:
Franklin:
8.4% (153)
State:
11.9% (120,340)
Number of families with income $125k - 150k:
Franklin:
6.9% (126)
Kentucky:
8.1% (81,620)
Number of families with income $150k - 200k:
Franklin:
5.3% (97)
Kentucky:
8.8% (89,097)
Number of families with income > $200k:
Franklin:
3.7% (68)
State:
8.6% (86,849)
Median non-family income in Franklin in 2022:
Franklin:
$24,209
State:
$34,415
Change in median non-family income between 2000 and 2022:
Franklin, Kentucky:
+55.8%
State:
+78.3%
Median per capita income in Franklin in 2022:
Franklin:
$23,269
State:
$35,352
Change in median per capita income between 2000 and 2022:
Franklin, Kentucky:
+33.5%
Kentucky:
+90.2%
Income statistics for Black or African American residents
Median household income in Franklin, KY in 2022:
Franklin:
$73,623
State:
$43,977
Change in median household income between 2000 and 2022:
Franklin, Kentucky:
+133.1%
State:
+81.1%
Number of households with income < $10k:
Franklin:
25.5% (154)
State:
12.3% (17,072)
Number of households with income $10k - 20k:
Franklin:
4.6% (28)
State:
13.6% (18,796)
Number of households with income $20k - 30k:
Franklin:
9.3% (56)
State:
10.9% (15,069)
Number of households with income $30k - 40k:
Franklin:
0.0% (0)
Kentucky:
9.0% (12,510)
Number of households with income $40k - 50k:
Franklin:
1.2% (7)
State:
10.2% (14,121)
Number of households with income $50k - 60k:
Franklin:
9.4% (57)
State:
8.1% (11,147)
Number of households with income $60k - 75k:
Franklin:
5.6% (34)
Kentucky:
8.9% (12,361)
Number of households with income $75k - 100k:
Franklin:
11.6% (70)
State:
10.1% (14,009)
Number of households with income $100k - 125k:
Franklin:
32.9% (199)
State:
6.1% (8,400)
Number of households with income $125k - 150k:
Franklin:
0.0% (0)
Kentucky:
4.3% (5,950)
Number of households with income $150k - 200k:
Franklin:
0.0% (0)
State:
4.0% (5,560)
Number of households with income > $200k:
Franklin:
0.0% (0)
State:
2.5% (3,413)
Aggregate household income in Franklin in 2022: $42,624,333
Median per capita income in Franklin in 2022:
Franklin:
$30,359
State:
$27,117
Change in median per capita income between 2000 and 2022:
Franklin, Kentucky:
+149.7%
State:
+104.9%
Income statistics for Asian residents
Number of households with income < $10k:
Franklin:
0.0% (0)
Kentucky:
5.6% (1,233)
Number of households with income $10k - 20k:
Franklin:
0.0% (0)
State:
9.0% (1,974)
Number of households with income $20k - 30k:
Franklin:
0.0% (0)
Kentucky:
3.2% (700)
Number of households with income $30k - 40k:
Franklin:
0.0% (0)
State:
5.4% (1,181)
Number of households with income $40k - 50k:
Franklin:
94.7% (18)
State:
6.9% (1,517)
Number of households with income $50k - 60k:
Franklin:
0.0% (0)
State:
9.9% (2,187)
Number of households with income $60k - 75k:
Franklin:
0.0% (0)
Kentucky:
5.3% (1,173)
Number of households with income $75k - 100k:
Franklin:
0.0% (0)
State:
15.3% (3,377)
Number of households with income $100k - 125k:
Franklin:
0.0% (0)
State:
10.1% (2,234)
Number of households with income $125k - 150k:
Franklin:
0.0% (0)
Kentucky:
8.9% (1,949)
Number of households with income $150k - 200k:
Franklin:
5.3% (1)
State:
6.6% (1,463)
Number of households with income > $200k:
Franklin:
0.0% (0)
State:
13.8% (3,028)
Aggregate household income in Franklin in 2022: $6,130,065
Median per capita income in Franklin in 2022:
Franklin:
$13,075
Kentucky:
$42,939
Change in median per capita income between 2000 and 2022:: -39.4%
Franklin, Kentucky:
-39.4%
Kentucky:
+76.3%
Income statistics for Hispanic or Latino residents
Aggregate household income in Franklin in 2022: $2,075,344
Median per capita income in Franklin in 2022:
Franklin:
$32,114
State:
$24,650
Income statistics for Multirace residents
Median household income in Franklin, KY in 2022:
Franklin:
$59,383
State:
$56,359
Change in median household income between 2000 and 2022:
Franklin, Kentucky:
+49.1%
State:
+107.8%
Number of households with income < $10k:
Franklin:
3.1% (7)
State:
8.3% (6,780)
Number of households with income $10k - 20k:
Franklin:
0.0% (0)
State:
11.0% (9,005)
Number of households with income $20k - 30k:
Franklin:
0.0% (0)
Kentucky:
8.6% (7,004)
Number of households with income $30k - 40k:
Franklin:
11.8% (27)
Kentucky:
9.0% (7,406)
Number of households with income $40k - 50k:
Franklin:
21.4% (49)
State:
8.2% (6,707)
Number of households with income $50k - 60k:
Franklin:
37.1% (85)
Kentucky:
7.4% (6,048)
Number of households with income $60k - 75k:
Franklin:
14.0% (32)
Kentucky:
11.2% (9,202)
Number of households with income $75k - 100k:
Franklin:
12.2% (28)
State:
11.9% (9,767)
Number of households with income $100k - 125k:
Franklin:
0.4% (1)
Kentucky:
7.1% (5,846)
Number of households with income $125k - 150k:
Franklin:
0.0% (0)
State:
6.9% (5,667)
Number of households with income $150k - 200k:
Franklin:
0.0% (0)
State:
5.1% (4,171)
Number of households with income > $200k:
Franklin:
0.0% (0)
Kentucky:
5.2% (4,241)
Aggregate household income in Franklin in 2022: $15,056,710
Median family income in Franklin in 2022:
Franklin:
$65,298
State:
$67,296
Number of families with income $10k - 20k:
Franklin:
36.4% (62)
State:
8.5% (4,693)
Number of families with income $50k - 60k:
Franklin:
26.6% (45)
Kentucky:
7.3% (3,995)
Number of families with income $60k - 75k:
Franklin:
19.3% (33)
Kentucky:
11.4% (6,256)
Number of families with income $75k - 100k:
Franklin:
16.7% (28)
State:
13.8% (7,574)
Number of families with income $100k - 125k:
Franklin:
0.9% (1)
Kentucky:
8.8% (4,835)
Median non-family income in Franklin in 2022:
Franklin:
$54,258
State:
$33,660
Median per capita income in Franklin in 2022:
Franklin:
$26,413
State:
$25,670
Change in median per capita income between 2000 and 2022:
Franklin, Kentucky:
+113.0%
Kentucky:
+132.3%
Income statistics for other residents
Median per capita income in Franklin in 2022:
Franklin:
$14,914
Kentucky:
$20,913
Change in median per capita income between 2000 and 2022:
Franklin, Kentucky:
+6.4%
State:
+98.1%
Discuss Franklin, Kentucky (KY) on our hugely popular Kentucky forum.
-39.4%
+76.3%
