Franklin, KY
Population 10,254 · Kentucky
About Franklin, KY
Franklin is a mid-sized city in Kentucky with a population of 10,254 residents. The median household income is $55,552 per year, which is near the national average. The median age in Franklin is 34.4 years.
Housing in Franklin has a median home value of $170,400 and median monthly rent of $1,034. Of the 3,969 total housing units, the majority are owner-occupied, with 1,949 owner-occupied and 1,713 renter-occupied units.
The unemployment rate in Franklin is 5.5% and the poverty rate is 17.4%. 13.4% of residents hold a bachelor's degree or higher. The average commute time is 18.9 minutes.
How Franklin Ranks in Kentucky
Cost of Living in Franklin, KY
Compared to national averages, Franklin has a median household income of $55,552 (26% below the national median of $75,149). Home values average $170,400, which is 30% below the national median. Monthly rent at $1,034 is 11% below the US average of $1,163. Within Kentucky, Franklin's income is 16% below the state average of $66,273, and home values are 7% below the state median of $182,504.
Why Live in Franklin, KY?
Franklin offers affordable housing with a median home value of $170,400, below the US average of $244,900, and rent that’s lower than the national average at $1,034/month, and short commute times averaging just 18.9 minutes.
Potential considerations include median household income ($55,552) that falls below the national average. However, Franklin’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Franklin has a population of 10,254 with a median age of 34.4 years. Compare Franklin with other cities to see how it stacks up, or explore all cities in Kentucky.
Similar Cities Near Franklin
Cities in Kentucky with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Francisville | 10,313 | $146,280 | $374,100 | Compare |
| La Grange | 10,188 | $86,222 | $268,000 | Compare |
| Versailles | 10,382 | $58,834 | $257,600 | Compare |
| Paris | 10,107 | $49,464 | $182,100 | Compare |
| Alexandria | 10,430 | $103,750 | $253,400 | Compare |
| Mayfield | 9,905 | $41,458 | $114,400 | Compare |
| Middletown | 9,622 | $74,129 | $298,900 | Compare |
| Lyndon | 10,956 | $65,392 | $273,300 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Kentucky
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, KY?
The population of Franklin, KY is 10,254 according to the latest Census data.
What is the median household income in Franklin?
The median household income in Franklin, KY is $55,552 per year.
What is the median home value in Franklin?
The median home value in Franklin, KY is $170,400.
What is the average rent in Franklin?
The median monthly rent in Franklin, KY is $1,034.
What is the unemployment rate in Franklin?
The unemployment rate in Franklin, KY is 5.5%.