The median household income in Franklin, IN in 2022 was $71,417, which was 6.5% greater than the median annual income of $66,785 across the entire state of Indiana. Compared to the median income of $45,414 in 2000 this represents an increase of 36.4%. The per capita income in 2022 was $32,475, which means an increase of 41.7% compared to 2000 when it was $18,937.
Whole page based on the data from 2000 / 2022 when the population of Franklin, Indiana was 19,463 / 26,690
Income statistics for all residents
Median household income in Franklin, IN in 2022:
Franklin:
$71,417
Indiana:
$66,785
Change in median household income between 2000 and 2022:
Franklin, Indiana:
+57.3%
Indiana:
+60.7%
Number of households with income < $10k:
Franklin:
4.1% (398)
Indiana:
5.6% (151,905)
Number of households with income $10k - 20k:
Franklin:
3.4% (330)
Indiana:
7.1% (193,665)
Number of households with income $20k - 30k:
Franklin:
7.7% (736)
State:
7.8% (213,166)
Number of households with income $30k - 40k:
Franklin:
10.2% (979)
Indiana:
8.5% (231,051)
Number of households with income $40k - 50k:
Franklin:
7.7% (738)
State:
8.4% (227,994)
Number of households with income $50k - 60k:
Franklin:
6.1% (587)
Indiana:
7.7% (210,699)
Number of households with income $60k - 75k:
Franklin:
10.6% (1,022)
State:
10.3% (279,665)
Number of households with income $75k - 100k:
Franklin:
19.5% (1,873)
State:
14.1% (383,225)
Number of households with income $100k - 125k:
Franklin:
10.8% (1,040)
Indiana:
10.3% (279,559)
Number of households with income $125k - 150k:
Franklin:
6.8% (656)
State:
6.3% (172,553)
Number of households with income $150k - 200k:
Franklin:
10.1% (968)
State:
7.3% (198,086)
Number of households with income > $200k:
Franklin:
3.0% (288)
State:
6.8% (184,921)
Aggregate household income in Franklin in 2022: $832,581,168
Median family income in Franklin in 2022:
Franklin:
$88,794
Indiana:
$84,508
Number of families with income < $10k:
Franklin:
5.8% (376)
State:
3.5% (60,982)
Number of families with income $10k - 20k:
Franklin:
2.0% (131)
Indiana:
3.8% (66,551)
Number of families with income $20k - 30k:
Franklin:
2.9% (192)
Indiana:
4.7% (82,197)
Number of families with income $30k - 40k:
Franklin:
6.4% (416)
Indiana:
6.2% (108,519)
Number of families with income $40k - 50k:
Franklin:
7.5% (491)
State:
7.3% (126,404)
Number of families with income $50k - 60k:
Franklin:
3.8% (248)
Indiana:
7.4% (128,779)
Number of families with income $60k - 75k:
Franklin:
9.7% (634)
Indiana:
10.7% (185,712)
Number of families with income $75k - 100k:
Franklin:
20.5% (1,337)
State:
16.1% (280,434)
Number of families with income $100k - 125k:
Franklin:
14.4% (940)
Indiana:
12.7% (221,659)
Number of families with income $125k - 150k:
Franklin:
10.1% (663)
State:
8.2% (142,241)
Number of families with income $150k - 200k:
Franklin:
13.2% (862)
State:
9.9% (171,875)
Number of families with income > $200k:
Franklin:
3.7% (244)
State:
9.5% (164,753)
Median non-family income in Franklin in 2022:
Franklin:
$39,451
State:
$39,768
Change in median non-family income between 2000 and 2022:
Franklin, Indiana:
+67.6%
Indiana:
+67.9%
Median per capita income in Franklin in 2022:
Franklin:
$32,475
State:
$35,984
Change in median per capita income between 2000 and 2022:
Franklin, Indiana:
+71.5%
State:
+76.4%
Income statistics for White residents
Median household income in Franklin, IN in 2022:
Franklin:
$73,418
Indiana:
$70,619
Change in median household income between 2000 and 2022:
Franklin, Indiana:
+60.0%
State:
+65.2%
Number of households with income < $10k:
Franklin:
4.2% (374)
State:
4.5% (100,447)
Number of households with income $10k - 20k:
Franklin:
3.0% (269)
Indiana:
6.5% (144,216)
Number of households with income $20k - 30k:
Franklin:
8.4% (744)
State:
7.5% (166,045)
Number of households with income $30k - 40k:
Franklin:
7.8% (689)
State:
8.1% (179,206)
Number of households with income $40k - 50k:
Franklin:
8.0% (706)
State:
8.1% (178,985)
Number of households with income $50k - 60k:
Franklin:
5.3% (473)
State:
7.8% (171,865)
Number of households with income $60k - 75k:
Franklin:
11.9% (1,059)
State:
10.5% (231,572)
Number of households with income $75k - 100k:
Franklin:
19.8% (1,757)
Indiana:
14.6% (323,007)
Number of households with income $100k - 125k:
Franklin:
10.5% (927)
State:
10.6% (235,112)
Number of households with income $125k - 150k:
Franklin:
7.4% (652)
State:
6.7% (148,936)
Number of households with income $150k - 200k:
Franklin:
10.9% (968)
State:
7.7% (170,750)
Number of households with income > $200k:
Franklin:
2.8% (250)
State:
7.3% (160,805)
Aggregate household income in Franklin in 2022: $774,027,838
Median family income in Franklin in 2022:
Franklin:
$88,588
Indiana:
$88,109
Number of families with income < $10k:
Franklin:
5.8% (363)
State:
2.5% (35,020)
Number of families with income $10k - 20k:
Franklin:
1.7% (108)
State:
3.3% (47,383)
Number of families with income $20k - 30k:
Franklin:
3.0% (189)
Indiana:
4.2% (60,156)
Number of families with income $30k - 40k:
Franklin:
6.0% (376)
State:
5.8% (82,106)
Number of families with income $40k - 50k:
Franklin:
8.1% (508)
Indiana:
6.9% (98,385)
Number of families with income $50k - 60k:
Franklin:
3.2% (200)
State:
7.3% (104,303)
Number of families with income $60k - 75k:
Franklin:
11.0% (687)
State:
10.7% (152,202)
Number of families with income $75k - 100k:
Franklin:
19.6% (1,231)
Indiana:
16.8% (237,844)
Number of families with income $100k - 125k:
Franklin:
14.4% (901)
Indiana:
13.2% (187,178)
Number of families with income $125k - 150k:
Franklin:
10.5% (655)
State:
8.6% (122,703)
Number of families with income $150k - 200k:
Franklin:
13.5% (844)
State:
10.5% (148,889)
Number of families with income > $200k:
Franklin:
3.2% (203)
State:
10.1% (143,001)
Median non-family income in Franklin in 2022:
Franklin:
$41,368
Indiana:
$41,009
Change in median non-family income between 2000 and 2022:
Franklin, Indiana:
+73.0%
State:
+69.4%
Median per capita income in Franklin in 2022:
Franklin:
$33,889
State:
$38,746
Change in median per capita income between 2000 and 2022:
Franklin, Indiana:
+77.1%
State:
+82.8%
Income statistics for Black or African American residents
Median household income in Franklin, IN in 2022:
Franklin:
$38,510
Indiana:
$43,638
Change in median household income between 2000 and 2022:
Franklin, Indiana:
+20.0%
State:
+49.6%
Number of households with income < $10k:
Franklin:
0.0% (0)
State:
12.9% (33,270)
Number of households with income $10k - 20k:
Franklin:
0.0% (0)
Indiana:
12.1% (31,195)
Number of households with income $20k - 30k:
Franklin:
0.0% (0)
State:
10.4% (26,676)
Number of households with income $30k - 40k:
Franklin:
55.3% (136)
State:
11.0% (28,436)
Number of households with income $40k - 50k:
Franklin:
8.9% (22)
State:
9.5% (24,370)
Number of households with income $50k - 60k:
Franklin:
0.0% (0)
State:
7.5% (19,416)
Number of households with income $60k - 75k:
Franklin:
0.0% (0)
Indiana:
8.0% (20,642)
Number of households with income $75k - 100k:
Franklin:
16.3% (40)
State:
9.8% (25,235)
Number of households with income $100k - 125k:
Franklin:
19.5% (48)
Indiana:
8.1% (20,841)
Number of households with income $125k - 150k:
Franklin:
0.0% (0)
State:
4.0% (10,319)
Number of households with income $150k - 200k:
Franklin:
0.0% (0)
State:
4.3% (11,187)
Number of households with income > $200k:
Franklin:
0.0% (0)
Indiana:
2.3% (5,833)
Aggregate household income in Franklin in 2022: $21,804,294
Median non-family income in Franklin in 2022:
Franklin:
$26,115
State:
$31,410
Change in median non-family income between 2000 and 2022:: -26.6%
Franklin, Indiana:
-26.6%
Indiana:
+56.8%
Median per capita income in Franklin in 2022:
Franklin:
$45,328
State:
$25,414
Income statistics for Asian residents
Aggregate household income in Franklin in 2022: $6,558,394
Median per capita income in Franklin in 2022:
Franklin:
$27,957
Indiana:
$41,211
Change in median per capita income between 2000 and 2022:: -24.8%
Franklin, Indiana:
-24.8%
State:
+83.8%
Income statistics for Hispanic or Latino residents
Median household income in Franklin, IN in 2022:
Franklin:
$58,536
Indiana:
$59,737
Change in median household income between 2000 and 2022:
Franklin, Indiana:
+100.7%
State:
+60.8%
Number of households with income < $10k:
Franklin:
0.0% (0)
State:
5.8% (8,513)
Number of households with income $10k - 20k:
Franklin:
7.7% (15)
State:
7.6% (11,151)
Number of households with income $20k - 30k:
Franklin:
0.0% (0)
State:
8.7% (12,768)
Number of households with income $30k - 40k:
Franklin:
4.6% (9)
Indiana:
9.8% (14,507)
Number of households with income $40k - 50k:
Franklin:
0.0% (0)
State:
10.4% (15,272)
Number of households with income $50k - 60k:
Franklin:
43.1% (84)
Indiana:
8.0% (11,829)
Number of households with income $60k - 75k:
Franklin:
16.4% (32)
State:
11.4% (16,875)
Number of households with income $75k - 100k:
Franklin:
0.0% (0)
Indiana:
14.5% (21,434)
Number of households with income $100k - 125k:
Franklin:
0.0% (0)
State:
9.2% (13,525)
Number of households with income $125k - 150k:
Franklin:
0.0% (0)
State:
4.9% (7,171)
Number of households with income $150k - 200k:
Franklin:
28.2% (55)
State:
5.2% (7,618)
Number of households with income > $200k:
Franklin:
0.0% (0)
State:
4.7% (6,892)
Aggregate household income in Franklin in 2022: $14,793,197
Median non-family income in Franklin in 2022:
Franklin:
$57,879
State:
$39,475
Change in median non-family income between 2000 and 2022:
Franklin, Indiana:
+97.3%
State:
+68.5%
Median per capita income in Franklin in 2022:
Franklin:
$19,413
State:
$22,779
Change in median per capita income between 2000 and 2022:
Franklin, Indiana:
+45.3%
Indiana:
+76.3%
Income statistics for American Indian and Alaska Native residents
Aggregate household income in Franklin in 2022: $1,656,731
Median per capita income in Franklin in 2022:
Franklin:
$41,453
State:
$27,558
Income statistics for Multirace residents
Number of households with income < $10k:
Franklin:
32.2% (68)
State:
7.0% (9,131)
Number of households with income $10k - 20k:
Franklin:
6.2% (13)
State:
7.5% (9,781)
Number of households with income $20k - 30k:
Franklin:
13.3% (28)
State:
8.1% (10,666)
Number of households with income $30k - 40k:
Franklin:
6.2% (13)
State:
9.9% (12,947)
Number of households with income $40k - 50k:
Franklin:
0.0% (0)
Indiana:
9.9% (13,028)
Number of households with income $50k - 60k:
Franklin:
0.0% (0)
State:
7.7% (10,076)
Number of households with income $60k - 75k:
Franklin:
0.0% (0)
State:
11.2% (14,741)
Number of households with income $75k - 100k:
Franklin:
14.2% (30)
State:
14.5% (18,959)
Number of households with income $100k - 125k:
Franklin:
2.4% (5)
Indiana:
8.9% (11,697)
Number of households with income $125k - 150k:
Franklin:
7.6% (16)
Indiana:
4.9% (6,406)
Number of households with income $150k - 200k:
Franklin:
7.6% (16)
State:
5.9% (7,688)
Number of households with income > $200k:
Franklin:
10.4% (22)
State:
4.6% (6,026)
Aggregate household income in Franklin in 2022: $14,145,931
Median non-family income in Franklin in 2022:
Franklin:
$16,057
Indiana:
$38,166
Median per capita income in Franklin in 2022:
Franklin:
$7,829
Indiana:
$23,668
Change in median per capita income between 2000 and 2022:: -20.7%
Franklin, Indiana:
-20.7%
Indiana:
+108.5%
Income statistics for other residents
Median household income in Franklin, IN in 2022:
Franklin:
$63,081
State:
$56,644
Number of households with income < $10k:
Franklin:
0.0% (0)
Indiana:
5.4% (3,404)
Number of households with income $10k - 20k:
Franklin:
19.4% (14)
State:
7.8% (4,921)
Number of households with income $20k - 30k:
Franklin:
0.0% (0)
State:
9.7% (6,136)
Number of households with income $30k - 40k:
Franklin:
0.0% (0)
State:
9.7% (6,125)
Number of households with income $40k - 50k:
Franklin:
0.0% (0)
State:
11.0% (6,919)
Number of households with income $50k - 60k:
Franklin:
40.3% (29)
Indiana:
8.5% (5,388)
Number of households with income $60k - 75k:
Franklin:
40.3% (29)
State:
10.8% (6,838)
Number of households with income $75k - 100k:
Franklin:
0.0% (0)
State:
13.7% (8,633)
Number of households with income $100k - 125k:
Franklin:
0.0% (0)
Indiana:
9.2% (5,784)
Number of households with income $125k - 150k:
Franklin:
0.0% (0)
State:
5.6% (3,523)
Number of households with income $150k - 200k:
Franklin:
0.0% (0)
Indiana:
3.6% (2,254)
Number of households with income > $200k:
Franklin:
0.0% (0)
State:
5.0% (3,185)
Aggregate household income in Franklin in 2022: $6,355,077
Median per capita income in Franklin in 2022:
Franklin:
$38,969
Indiana:
$23,719
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