Franklin is a larger medium-sized city located in the state of Tennessee. With a population of 86,895 people and 21 associated neighborhoods, Franklin is the seventh largest community in Tennessee. Franklin has seen a significant amount of newer housing growth in recent years. Quite often, new home construction is the result of new residents moving in who are middle class or wealthier, attracted by jobs, a healthy local economy, or other amenities as they leave nearby or far away areas for greener pastures. This seems to be the case in Franklin, where the median household income is $106,592.00.
Franklin home prices are not only among the most expensive in Tennessee, but Franklin real estate also consistently ranks among the most expensive in America.
Also of interest is that Franklin has more people living here who work in computers and math than 95% of the places in the US.
Of important note, Franklin is also a city of artists. Franklin has more artists, designers and people working in media than 90% of the communities in America. This concentration of artists helps shape Franklin’s character.
Telecommuters are a relatively large percentage of the workforce: 24.44% of people work from home. While this number may seem small overall, as a fraction of the total workforce it is high relative to the nation. These workers are often telecommuters who work in knowledge-based, white-collar professions. For example, Silicon Valley has large numbers of people who telecommute. Other at-home workers may be self-employed people who operate small businesses out of their homes.
Another interesting thing about Franklin, despite not being a huge city, is that there is a relatively high proportion of people living here who are young, single, and upwardly-mobile professionals. This makes it a good choice for other relocating single professionals. Here, these young singles will find many others like themselves, with opportunities for friendships, socializing, romance, and fun.
If knowledge is power, Franklin is a pretty powerful place. 63.44% of the adults in Franklin have earned a 4-year college degree, masters degree, MD, law degree, or even PhD. Compare that to the national average of 21.84% for all cities and towns.
The per capita income in Franklin in 2022 was $54,946, which is wealthy relative to Tennessee and the nation. This equates to an annual income of $219,784 for a family of four.
Franklin is a very ethnically-diverse city. The people who call Franklin home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Franklin residents report their race to be White, followed by Asian. Important ancestries of people in Franklin include English, German, Irish, Scottish, and Italian.
The most common language spoken in Franklin is English. Other important languages spoken here include Spanish and Langs. of India.