Franklin, TN
Population 85,575 · Tennessee
About Franklin, TN
Franklin is a mid-sized city in Tennessee with a population of 85,575 residents. The median household income is $115,000 per year, which is above the national average. The median age in Franklin is 37.8 years.
Housing in Franklin has a median home value of $646,300 and median monthly rent of $1,861. Of the 34,971 total housing units, the majority are owner-occupied, with 21,318 owner-occupied and 11,840 renter-occupied units.
The unemployment rate in Franklin is 2.4% and the poverty rate is 4.8%. 64.3% of residents hold a bachelor's degree or higher. The average commute time is 24.5 minutes.
How Franklin Ranks in Tennessee
Cost of Living in Franklin, TN
Compared to national averages, Franklin has a median household income of $115,000 (53% above the national median of $75,149). Home values average $646,300, which is 164% above the national median. Monthly rent at $1,861 is 60% above the US average of $1,163. Within Tennessee, Franklin's income is 83% above the state average of $62,849, and home values are 201% above the state median of $214,371.
Why Live in Franklin, TN?
Franklin offers a strong local economy with a median household income of $115,000, well above the national average, and a strong job market with an unemployment rate of just 2.4%, and a well-educated community where 64.3% of residents hold a bachelor’s degree or higher. Additionally, the city features a low poverty rate of 4.8%, better than the national average, and short commute times averaging just 24.5 minutes.
Potential considerations include a competitive housing market where the typical home costs $646,300. However, as a mid-sized city, Franklin provides access to a wide range of amenities and services.
Franklin has a population of 85,575 with a median age of 37.8 years. Compare Franklin with other cities to see how it stacks up, or explore all cities in Tennessee.
Similar Cities Near Franklin
Cities in Tennessee with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Johnson City | 71,455 | $55,429 | $238,000 | Compare |
| Jackson | 68,098 | $51,552 | $195,000 | Compare |
| Hendersonville | 62,390 | $91,503 | $396,500 | Compare |
| Bartlett | 56,998 | $100,660 | $283,700 | Compare |
| Kingsport | 55,807 | $50,436 | $203,000 | Compare |
| Smyrna | 55,066 | $78,409 | $326,700 | Compare |
| Spring Hill | 53,585 | $106,658 | $452,400 | Compare |
| Collierville | 51,212 | $134,319 | $458,300 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Tennessee
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, TN?
The population of Franklin, TN is 85,575 according to the latest Census data.
What is the median household income in Franklin?
The median household income in Franklin, TN is $115,000 per year.
What is the median home value in Franklin?
The median home value in Franklin, TN is $646,300.
What is the average rent in Franklin?
The median monthly rent in Franklin, TN is $1,861.
What is the unemployment rate in Franklin?
The unemployment rate in Franklin, TN is 2.4%.