Franklin, IN
Population 25,999 · Indiana
About Franklin, IN
Franklin is a mid-sized city in Indiana with a population of 25,999 residents. The median household income is $77,305 per year, which is above the national average. The median age in Franklin is 34 years.
Housing in Franklin has a median home value of $212,500 and median monthly rent of $1,127. Of the 9,924 total housing units, the majority are owner-occupied, with 6,165 owner-occupied and 3,121 renter-occupied units.
The unemployment rate in Franklin is 3.9% and the poverty rate is 11.3%. 24.6% of residents hold a bachelor's degree or higher. The average commute time is 24.4 minutes.
How Franklin Ranks in Indiana
Cost of Living in Franklin, IN
Compared to national averages, Franklin has a median household income of $77,305 (3% above the national median of $75,149). Home values average $212,500, which is 13% below the national median. Monthly rent at $1,127 is 3% below the US average of $1,163. Within Indiana, Franklin's income is 12% above the state average of $69,330, and home values are 30% above the state median of $163,409.
Why Live in Franklin, IN?
Franklin offers a strong local economy with a median household income of $77,305, well above the national average, and affordable housing with a median home value of $212,500, below the US average of $244,900, and rent that’s lower than the national average at $1,127/month. Additionally, the city features a low poverty rate of 11.3%, better than the national average, and short commute times averaging just 24.4 minutes.
Franklin has a population of 25,999 with a median age of 34 years. Compare Franklin with other cities to see how it stacks up, or explore all cities in Indiana.
Similar Cities Near Franklin
Cities in Indiana with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| East Chicago | 26,158 | $41,071 | $92,400 | Compare |
| Greenfield | 24,308 | $74,949 | $205,800 | Compare |
| Munster | 23,733 | $105,764 | $312,000 | Compare |
| Avon | 22,683 | $97,589 | $300,600 | Compare |
| Schererville | 29,627 | $86,020 | $294,600 | Compare |
| Hobart | 29,646 | $71,680 | $203,400 | Compare |
| La Porte | 22,125 | $59,862 | $143,800 | Compare |
| Clarksville | 22,121 | $58,518 | $172,700 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Indiana
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Franklin
What is the population of Franklin, IN?
The population of Franklin, IN is 25,999 according to the latest Census data.
What is the median household income in Franklin?
The median household income in Franklin, IN is $77,305 per year.
What is the median home value in Franklin?
The median home value in Franklin, IN is $212,500.
What is the average rent in Franklin?
The median monthly rent in Franklin, IN is $1,127.
What is the unemployment rate in Franklin?
The unemployment rate in Franklin, IN is 3.9%.