The median household income in Franklin, TN in 2022 was $108,354, which was 39.8% greater than the median annual income of $65,254 across the entire state of Tennessee. Compared to the median income of $56,431 in 2000 this represents an increase of 47.9%. The per capita income in 2022 was $54,530, which means an increase of 50.0% compared to 2000 when it was $27,276.
Whole page based on the data from 2000 / 2022 when the population of Franklin, Tennessee was 41,842 / 86,904
Income statistics for all residents
Median household income in Franklin, TN in 2022:
Franklin:
$108,354
Tennessee:
$65,254
Change in median household income between 2000 and 2022:
Franklin, Tennessee:
+92.0%
State:
+79.5%
Number of households with income < $10k:
Franklin:
1.0% (329)
Tennessee:
5.4% (154,793)
Number of households with income $10k - 20k:
Franklin:
3.8% (1,282)
State:
8.0% (228,599)
Number of households with income $20k - 30k:
Franklin:
4.3% (1,465)
State:
7.9% (224,908)
Number of households with income $30k - 40k:
Franklin:
3.4% (1,148)
Tennessee:
8.6% (244,297)
Number of households with income $40k - 50k:
Franklin:
5.1% (1,732)
State:
8.4% (238,949)
Number of households with income $50k - 60k:
Franklin:
5.7% (1,936)
State:
7.7% (218,438)
Number of households with income $60k - 75k:
Franklin:
8.4% (2,860)
Tennessee:
10.3% (294,172)
Number of households with income $75k - 100k:
Franklin:
14.6% (4,964)
State:
13.3% (377,310)
Number of households with income $100k - 125k:
Franklin:
11.6% (3,945)
Tennessee:
9.5% (269,124)
Number of households with income $125k - 150k:
Franklin:
10.1% (3,452)
State:
6.3% (178,328)
Number of households with income $150k - 200k:
Franklin:
14.6% (4,967)
Tennessee:
7.2% (204,030)
Number of households with income > $200k:
Franklin:
17.5% (5,977)
State:
7.5% (213,736)
Aggregate household income in Franklin in 2022: $4,723,749,500
Median family income in Franklin in 2022:
Franklin:
$135,075
State:
$80,910
Number of families with income < $10k:
Franklin:
0.2% (40)
Tennessee:
3.9% (72,917)
Number of families with income $10k - 20k:
Franklin:
0.9% (220)
State:
4.0% (73,770)
Number of families with income $20k - 30k:
Franklin:
2.8% (675)
State:
5.6% (104,070)
Number of families with income $30k - 40k:
Franklin:
2.8% (663)
State:
7.2% (133,292)
Number of families with income $40k - 50k:
Franklin:
3.6% (852)
Tennessee:
7.4% (136,997)
Number of families with income $50k - 60k:
Franklin:
3.4% (805)
Tennessee:
7.1% (131,374)
Number of families with income $60k - 75k:
Franklin:
4.5% (1,088)
State:
10.8% (198,685)
Number of families with income $75k - 100k:
Franklin:
13.9% (3,342)
State:
15.1% (279,195)
Number of families with income $100k - 125k:
Franklin:
14.3% (3,421)
State:
11.7% (216,356)
Number of families with income $125k - 150k:
Franklin:
11.6% (2,785)
State:
7.8% (144,000)
Number of families with income $150k - 200k:
Franklin:
19.5% (4,683)
Tennessee:
9.3% (172,160)
Number of families with income > $200k:
Franklin:
22.5% (5,400)
State:
10.0% (183,756)
Median non-family income in Franklin in 2022:
Franklin:
$61,723
State:
$40,285
Change in median non-family income between 2000 and 2022:
Franklin, Tennessee:
+76.7%
Tennessee:
+91.5%
Median per capita income in Franklin in 2022:
Franklin:
$54,530
State:
$36,704
Change in median per capita income between 2000 and 2022:
Franklin, Tennessee:
+99.9%
State:
+89.3%
Income statistics for White residents
Median household income in Franklin, TN in 2022:
Franklin:
$105,267
State:
$69,826
Change in median household income between 2000 and 2022:
Franklin, Tennessee:
+74.0%
State:
+82.9%
Number of households with income < $10k:
Franklin:
0.8% (224)
Tennessee:
4.6% (100,279)
Number of households with income $10k - 20k:
Franklin:
4.4% (1,235)
State:
7.6% (165,031)
Number of households with income $20k - 30k:
Franklin:
3.8% (1,069)
Tennessee:
7.4% (160,229)
Number of households with income $30k - 40k:
Franklin:
3.5% (963)
State:
8.1% (174,784)
Number of households with income $40k - 50k:
Franklin:
5.7% (1,586)
State:
7.8% (169,622)
Number of households with income $50k - 60k:
Franklin:
6.5% (1,805)
State:
7.6% (165,508)
Number of households with income $60k - 75k:
Franklin:
8.6% (2,400)
Tennessee:
10.3% (223,937)
Number of households with income $75k - 100k:
Franklin:
14.2% (3,953)
State:
13.5% (292,688)
Number of households with income $100k - 125k:
Franklin:
11.4% (3,180)
State:
10.1% (219,251)
Number of households with income $125k - 150k:
Franklin:
10.0% (2,785)
Tennessee:
6.6% (142,574)
Number of households with income $150k - 200k:
Franklin:
13.9% (3,861)
State:
7.7% (166,039)
Number of households with income > $200k:
Franklin:
17.2% (4,779)
State:
8.5% (184,546)
Aggregate household income in Franklin in 2022: $3,803,329,500
Median family income in Franklin in 2022:
Franklin:
$136,672
Tennessee:
$86,015
Number of families with income < $10k:
Franklin:
0.2% (40)
Tennessee:
3.1% (43,751)
Number of families with income $10k - 20k:
Franklin:
0.9% (173)
State:
3.5% (49,925)
Number of families with income $20k - 30k:
Franklin:
2.2% (402)
State:
5.0% (70,431)
Number of families with income $30k - 40k:
Franklin:
2.6% (478)
State:
6.6% (93,498)
Number of families with income $40k - 50k:
Franklin:
3.8% (706)
State:
6.8% (96,726)
Number of families with income $50k - 60k:
Franklin:
3.7% (674)
State:
7.2% (101,879)
Number of families with income $60k - 75k:
Franklin:
4.8% (890)
Tennessee:
10.7% (151,997)
Number of families with income $75k - 100k:
Franklin:
12.6% (2,331)
Tennessee:
15.4% (218,373)
Number of families with income $100k - 125k:
Franklin:
13.8% (2,548)
State:
12.6% (178,761)
Number of families with income $125k - 150k:
Franklin:
12.3% (2,271)
Tennessee:
8.2% (116,575)
Number of families with income $150k - 200k:
Franklin:
19.4% (3,577)
Tennessee:
9.9% (141,123)
Number of families with income > $200k:
Franklin:
23.6% (4,364)
State:
11.2% (159,431)
Median non-family income in Franklin in 2022:
Franklin:
$61,153
Tennessee:
$41,178
Change in median non-family income between 2000 and 2022:
Franklin, Tennessee:
+69.6%
State:
+91.1%
Median per capita income in Franklin in 2022:
Franklin:
$57,262
State:
$40,126
Change in median per capita income between 2000 and 2022:
Franklin, Tennessee:
+95.6%
Tennessee:
+92.6%
Income statistics for Black or African American residents
Median household income in Franklin, TN in 2022:
Franklin:
$91,586
State:
$49,531
Number of households with income < $10k:
Franklin:
4.4% (94)
State:
9.1% (39,909)
Number of households with income $10k - 20k:
Franklin:
7.1% (152)
Tennessee:
10.5% (46,276)
Number of households with income $20k - 30k:
Franklin:
15.5% (334)
Tennessee:
10.2% (45,072)
Number of households with income $30k - 40k:
Franklin:
4.7% (102)
State:
10.0% (43,885)
Number of households with income $40k - 50k:
Franklin:
4.5% (98)
Tennessee:
10.7% (47,267)
Number of households with income $50k - 60k:
Franklin:
1.9% (42)
State:
7.7% (33,868)
Number of households with income $60k - 75k:
Franklin:
6.2% (134)
State:
10.5% (46,247)
Number of households with income $75k - 100k:
Franklin:
15.3% (329)
Tennessee:
12.6% (55,465)
Number of households with income $100k - 125k:
Franklin:
11.8% (255)
Tennessee:
6.7% (29,515)
Number of households with income $125k - 150k:
Franklin:
11.8% (254)
State:
4.8% (21,306)
Number of households with income $150k - 200k:
Franklin:
9.1% (197)
State:
4.6% (20,425)
Number of households with income > $200k:
Franklin:
7.6% (164)
State:
2.5% (11,183)
Aggregate household income in Franklin in 2022: $180,482,700
Median family income in Franklin in 2022:
Franklin:
$91,663
Tennessee:
$61,153
Number of families with income < $10k:
Franklin:
1.7% (23)
State:
7.9% (20,476)
Number of families with income $10k - 20k:
Franklin:
11.2% (150)
Tennessee:
6.0% (15,530)
Number of families with income $20k - 30k:
Franklin:
7.2% (96)
State:
8.6% (22,263)
Number of families with income $30k - 40k:
Franklin:
7.8% (104)
State:
9.3% (24,089)
Number of families with income $40k - 50k:
Franklin:
7.1% (94)
State:
10.2% (26,463)
Number of families with income $50k - 60k:
Franklin:
3.7% (50)
State:
6.9% (17,798)
Number of families with income $60k - 75k:
Franklin:
7.7% (102)
State:
11.6% (30,015)
Number of families with income $75k - 100k:
Franklin:
13.9% (185)
State:
14.7% (38,065)
Number of families with income $100k - 125k:
Franklin:
3.8% (51)
Tennessee:
8.8% (22,648)
Number of families with income $125k - 150k:
Franklin:
12.7% (169)
State:
6.1% (15,758)
Number of families with income $150k - 200k:
Franklin:
12.2% (163)
State:
6.4% (16,520)
Number of families with income > $200k:
Franklin:
11.0% (146)
State:
3.4% (8,711)
Median non-family income in Franklin in 2022:
Franklin:
$80,698
State:
$35,793
Median per capita income in Franklin in 2022:
Franklin:
$25,436
Tennessee:
$27,306
Change in median per capita income between 2000 and 2022:
Franklin, Tennessee:
+46.5%
State:
+105.3%
Income statistics for Asian residents
Median household income in Franklin, TN in 2022:
Franklin:
$156,250
State:
$94,814
Change in median household income between 2000 and 2022:
Franklin, Tennessee:
+149.4%
Tennessee:
+108.4%
Number of households with income < $10k:
Franklin:
1.4% (38)
State:
2.8% (1,217)
Number of households with income $10k - 20k:
Franklin:
0.0% (0)
State:
2.5% (1,093)
Number of households with income $20k - 30k:
Franklin:
1.8% (48)
Tennessee:
4.1% (1,796)
Number of households with income $30k - 40k:
Franklin:
5.2% (141)
State:
9.6% (4,208)
Number of households with income $40k - 50k:
Franklin:
4.0% (109)
Tennessee:
5.5% (2,423)
Number of households with income $50k - 60k:
Franklin:
0.4% (12)
State:
7.5% (3,277)
Number of households with income $60k - 75k:
Franklin:
3.3% (90)
Tennessee:
10.3% (4,520)
Number of households with income $75k - 100k:
Franklin:
6.2% (168)
State:
9.0% (3,926)
Number of households with income $100k - 125k:
Franklin:
15.2% (409)
Tennessee:
8.4% (3,699)
Number of households with income $125k - 150k:
Franklin:
17.7% (478)
State:
8.0% (3,488)
Number of households with income $150k - 200k:
Franklin:
16.3% (439)
State:
12.0% (5,262)
Number of households with income > $200k:
Franklin:
28.3% (763)
Tennessee:
20.3% (8,903)
Aggregate household income in Franklin in 2022: $463,421,300
Median family income in Franklin in 2022:
Franklin:
$175,194
State:
$118,868
Number of families with income $20k - 30k:
Franklin:
1.0% (22)
State:
1.7% (524)
Number of families with income $30k - 40k:
Franklin:
1.0% (23)
Tennessee:
8.9% (2,815)
Number of families with income $40k - 50k:
Franklin:
5.8% (130)
Tennessee:
6.3% (1,994)
Number of families with income $50k - 60k:
Franklin:
0.6% (14)
State:
6.4% (2,012)
Number of families with income $60k - 75k:
Franklin:
2.2% (49)
State:
9.3% (2,931)
Number of families with income $75k - 100k:
Franklin:
3.9% (87)
Tennessee:
6.8% (2,143)
Number of families with income $100k - 125k:
Franklin:
15.4% (346)
Tennessee:
9.4% (2,974)
Number of families with income $125k - 150k:
Franklin:
18.6% (416)
State:
8.2% (2,581)
Number of families with income $150k - 200k:
Franklin:
16.6% (373)
State:
14.2% (4,471)
Number of families with income > $200k:
Franklin:
34.9% (782)
State:
25.8% (8,108)
Median per capita income in Franklin in 2022:
Franklin:
$73,914
Tennessee:
$46,931
Income statistics for Hispanic or Latino residents
Median household income in Franklin, TN in 2022:
Franklin:
$78,974
State:
$58,385
Change in median household income between 2000 and 2022:
Franklin, Tennessee:
+93.2%
State:
+82.3%
Number of households with income < $10k:
Franklin:
6.3% (108)
Tennessee:
7.2% (8,567)
Number of households with income $10k - 20k:
Franklin:
2.0% (35)
State:
6.4% (7,670)
Number of households with income $20k - 30k:
Franklin:
6.0% (103)
State:
9.4% (11,247)
Number of households with income $30k - 40k:
Franklin:
7.4% (126)
State:
10.1% (12,072)
Number of households with income $40k - 50k:
Franklin:
12.6% (215)
State:
10.0% (11,947)
Number of households with income $50k - 60k:
Franklin:
5.2% (89)
Tennessee:
8.0% (9,569)
Number of households with income $60k - 75k:
Franklin:
14.0% (239)
Tennessee:
10.3% (12,315)
Number of households with income $75k - 100k:
Franklin:
20.2% (345)
State:
15.3% (18,285)
Number of households with income $100k - 125k:
Franklin:
9.9% (170)
State:
8.3% (9,886)
Number of households with income $125k - 150k:
Franklin:
4.2% (72)
State:
5.9% (7,066)
Number of households with income $150k - 200k:
Franklin:
3.3% (57)
State:
4.9% (5,822)
Number of households with income > $200k:
Franklin:
8.8% (151)
Tennessee:
4.5% (5,337)
Aggregate household income in Franklin in 2022: $174,952,200
Median family income in Franklin in 2022:
Franklin:
$79,972
Tennessee:
$64,014
Number of families with income $10k - 20k:
Franklin:
2.9% (33)
State:
5.4% (4,773)
Number of families with income $20k - 30k:
Franklin:
5.8% (68)
Tennessee:
9.2% (8,233)
Number of families with income $30k - 40k:
Franklin:
2.3% (27)
State:
9.6% (8,514)
Number of families with income $40k - 50k:
Franklin:
10.3% (120)
Tennessee:
8.8% (7,850)
Number of families with income $50k - 60k:
Franklin:
6.3% (73)
Tennessee:
7.9% (7,017)
Number of families with income $60k - 75k:
Franklin:
18.5% (215)
State:
10.8% (9,605)
Number of families with income $75k - 100k:
Franklin:
17.2% (200)
Tennessee:
16.6% (14,820)
Number of families with income $100k - 125k:
Franklin:
17.0% (198)
Tennessee:
8.4% (7,480)
Number of families with income $125k - 150k:
Franklin:
1.0% (12)
Tennessee:
6.3% (5,594)
Number of families with income $150k - 200k:
Franklin:
5.2% (61)
Tennessee:
5.4% (4,817)
Number of families with income > $200k:
Franklin:
13.4% (155)
Tennessee:
5.1% (4,577)
Median non-family income in Franklin in 2022:
Franklin:
$36,139
Tennessee:
$39,279
Change in median non-family income between 2000 and 2022:: -2.8%
Franklin, Tennessee:
-2.8%
State:
+69.2%
Median per capita income in Franklin in 2022:
Franklin:
$42,223
State:
$21,276
Income statistics for American Indian and Alaska Native residents
Number of households with income < $10k:
Franklin:
0.0% (0)
State:
10.2% (535)
Number of households with income $10k - 20k:
Franklin:
0.0% (0)
State:
7.5% (392)
Number of households with income $20k - 30k:
Franklin:
0.0% (0)
State:
3.4% (181)
Number of households with income $30k - 40k:
Franklin:
0.0% (0)
State:
7.9% (416)
Number of households with income $40k - 50k:
Franklin:
0.0% (0)
State:
9.7% (511)
Number of households with income $50k - 60k:
Franklin:
24.2% (23)
Tennessee:
18.4% (966)
Number of households with income $60k - 75k:
Franklin:
2.1% (2)
State:
6.4% (337)
Number of households with income $75k - 100k:
Franklin:
29.5% (28)
State:
17.0% (892)
Number of households with income $100k - 125k:
Franklin:
9.5% (9)
State:
8.5% (444)
Number of households with income $125k - 150k:
Franklin:
0.0% (0)
State:
6.2% (324)
Number of households with income $150k - 200k:
Franklin:
30.5% (29)
State:
3.9% (207)
Number of households with income > $200k:
Franklin:
4.2% (4)
State:
0.8% (43)
Aggregate household income in Franklin in 2022: $8,860,585
Median per capita income in Franklin in 2022:
Franklin:
$74,728
State:
$25,981
Income statistics for Multirace residents
Median household income in Franklin, TN in 2022:
Franklin:
$121,904
State:
$57,741
Number of households with income < $10k:
Franklin:
0.7% (16)
Tennessee:
6.7% (9,867)
Number of households with income $10k - 20k:
Franklin:
3.0% (66)
State:
8.6% (12,639)
Number of households with income $20k - 30k:
Franklin:
0.6% (14)
State:
9.2% (13,555)
Number of households with income $30k - 40k:
Franklin:
5.1% (113)
Tennessee:
10.3% (15,117)
Number of households with income $40k - 50k:
Franklin:
9.7% (215)
State:
9.4% (13,829)
Number of households with income $50k - 60k:
Franklin:
2.5% (55)
Tennessee:
7.5% (10,969)
Number of households with income $60k - 75k:
Franklin:
18.6% (414)
State:
9.2% (13,568)
Number of households with income $75k - 100k:
Franklin:
13.7% (305)
Tennessee:
12.6% (18,516)
Number of households with income $100k - 125k:
Franklin:
14.2% (316)
State:
8.6% (12,656)
Number of households with income $125k - 150k:
Franklin:
0.6% (13)
State:
5.9% (8,674)
Number of households with income $150k - 200k:
Franklin:
15.1% (337)
State:
7.2% (10,611)
Number of households with income > $200k:
Franklin:
16.3% (362)
Tennessee:
4.8% (6,986)
Aggregate household income in Franklin in 2022: $244,541,300
Median family income in Franklin in 2022:
Franklin:
$120,500
State:
$70,058
Number of families with income $10k - 20k:
Franklin:
4.5% (71)
State:
6.6% (6,301)
Number of families with income $30k - 40k:
Franklin:
3.2% (51)
State:
9.0% (8,699)
Number of families with income $40k - 50k:
Franklin:
3.8% (61)
Tennessee:
8.2% (7,919)
Number of families with income $50k - 60k:
Franklin:
1.5% (24)
State:
6.9% (6,630)
Number of families with income $60k - 75k:
Franklin:
19.6% (309)
State:
9.6% (9,232)
Number of families with income $75k - 100k:
Franklin:
9.4% (148)
State:
15.0% (14,413)
Number of families with income $100k - 125k:
Franklin:
21.0% (331)
Tennessee:
9.1% (8,743)
Number of families with income $125k - 150k:
Franklin:
0.8% (12)
State:
7.3% (7,035)
Number of families with income $150k - 200k:
Franklin:
15.3% (241)
State:
8.7% (8,373)
Number of families with income > $200k:
Franklin:
20.8% (327)
State:
6.2% (5,974)
Median non-family income in Franklin in 2022:
Franklin:
$66,406
Tennessee:
$39,395
Change in median non-family income between 2000 and 2022:
Franklin, Tennessee:
+103.5%
State:
+99.1%
Median per capita income in Franklin in 2022:
Franklin:
$44,882
State:
$24,436
Income statistics for other residents
Median household income in Franklin, TN in 2022:
Franklin:
$78,414
State:
$54,475
Number of households with income < $10k:
Franklin:
0.0% (0)
State:
6.8% (2,986)
Number of households with income $10k - 20k:
Franklin:
0.0% (0)
Tennessee:
6.3% (2,777)
Number of households with income $20k - 30k:
Franklin:
0.0% (0)
Tennessee:
9.2% (4,034)
Number of households with income $30k - 40k:
Franklin:
15.9% (52)
Tennessee:
13.2% (5,819)
Number of households with income $40k - 50k:
Franklin:
0.0% (0)
State:
11.9% (5,244)
Number of households with income $50k - 60k:
Franklin:
3.4% (11)
Tennessee:
7.3% (3,232)
Number of households with income $60k - 75k:
Franklin:
14.4% (47)
State:
12.2% (5,384)
Number of households with income $75k - 100k:
Franklin:
26.3% (86)
Tennessee:
13.1% (5,771)
Number of households with income $100k - 125k:
Franklin:
0.0% (0)
Tennessee:
7.8% (3,429)
Number of households with income $125k - 150k:
Franklin:
12.5% (41)
Tennessee:
4.3% (1,881)
Number of households with income $150k - 200k:
Franklin:
12.8% (42)
State:
3.4% (1,486)
Number of households with income > $200k:
Franklin:
14.7% (48)
Tennessee:
4.6% (2,040)
Aggregate household income in Franklin in 2022: $28,126,372
Median family income in Franklin in 2022:
Franklin:
$78,784
State:
$60,601
Number of families with income $50k - 60k:
Franklin:
4.6% (11)
Tennessee:
7.0% (2,361)
Number of families with income $75k - 100k:
Franklin:
35.5% (88)
State:
16.5% (5,571)
Number of families with income $125k - 150k:
Franklin:
19.1% (47)
Tennessee:
5.1% (1,727)
Number of families with income $150k - 200k:
Franklin:
20.3% (50)
Tennessee:
4.4% (1,498)
Number of families with income > $200k:
Franklin:
20.6% (51)
State:
4.3% (1,454)
Median per capita income in Franklin in 2022:
Franklin:
$29,355
Tennessee:
$21,430
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