Franklin, Kentucky Demographics & Population 2026
During the 2020–2024 ACS period, Franklin, Kentucky had a total population of 10,360, the 43rd largest city in Kentucky, with a median household income of $59,052, which is 7% lower than the state average. The poverty rate is 17.1%.
Data vintage: U.S. Census Bureau ACS 2020–2024 5-Year Estimates · refreshed July 2026 · Methodology & source notes
Franklin Quick Facts
How Franklin Changed
Change from the 2019–2023 ACS period to 2020–2024. These are rolling five-year estimates, not year-over-year measurements.
| Metric | 2019–2023 | 2020–2024 | Change |
|---|---|---|---|
| Population | 10,254 | 10,360 | +1.0% |
| Median household income | $55,552 | $59,052 | +6.3% |
| Median home value | $170,400 | $195,400 | +14.7% |
How Franklin Compares
Median Household Income
Median Home Value
Economy & Housing
Household Income Distribution
Detailed income brackets
Employment
Housing Overview
People & Demographics
Age Distribution
Race & Ethnicity
Diversity Index
A less diverse community where one racial or ethnic group represents a large majority.
State average: 33 | National average: 61
Education
Educational Attainment (Adults 25+)
Franklin Rankings in Kentucky
Explore Kentucky Rankings
Cities Similar to Franklin
These cities in the same state have comparable population and economic profiles.
| City | Population | Median Income | Home Value | Bachelor's+ | Poverty |
|---|---|---|---|---|---|
| Versailles | 10,492 | $62,368 | $286,100 | 36.7% | 16.4% |
| Paris | 10,160 | $55,839 | $186,300 | 25.0% | 16.9% |
| Fort Campbell North | 11,356 | $58,933 | N/A | 16.9% | 11.7% |
| Lyndon | 11,030 | $65,679 | $276,800 | 43.8% | 9.2% |
| Elsmere | 9,205 | $60,503 | $171,900 | 24.3% | 15.6% |
Population Overview
Franklin is a small city located in Kentucky, within Simpson County. The total population is 10,360. It ranks as the 43rd most populous out of 552 Census-designated places in Kentucky.
Age Demographics
The median age in Franklin is 35.8 years. This is 8% lower than the state median of 39.1 years.
Economy, Income & Housing
The median household income in Franklin is $59,052. This is 7% lower than the state median of $63,726. It is also 27% lower than the national median of $80,734. The poverty rate stands at 17.1%. This is 6% higher than the state poverty rate of 16.1%. The unemployment rate is 6.2%. This is 27% higher than the state rate of 4.9%. The median home value is $195,400. Housing costs are 5% lower than the state median of $205,600. The home-value-to-income ratio is 3.3x. 55.0% of occupied housing units are owner-occupied. This homeownership rate is 20% lower than the state average of 68.3%.
Race & Ethnicity
The largest racial or ethnic group in Franklin is White (non-Hispanic), making up 80.6% of the population. Black or African American residents account for 8.6%. The Asian population (0.2%) is well below the state average of 1.6%.
Education
15.5% of residents aged 25 and older hold a bachelor's degree or higher. This is 44% lower than the state rate of 27.6%. Nationally, 35.7% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 88.5%.
Data Sources & Methodology
All demographic data for Franklin, Kentucky is sourced from the U.S. Census Bureau's American Community Survey (ACS) 2020–2024 5-Year Estimates. The ACS collects data from approximately 3.5 million households annually and pools five years of responses so that even small communities can be measured, though the margin of error widens as the population falls. Comparisons are made against Kentucky state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 552 Census-designated places in Kentucky. Read more about how these figures are produced on our methodology page, or visit data.census.gov for official data.
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Frequently Asked Questions
What is the population of Franklin, Kentucky?
Franklin, Kentucky has a population of 10,360 according to the most recent U.S. Census ACS 5-Year Estimates.
What is the median household income in Franklin, KY?
The median household income in Franklin is $59,052, which is 27% lower than the national median of $80,734.
What is the poverty rate in Franklin, KY?
The poverty rate in Franklin is 17.1%. This means approximately 1,694 residents live below the federal poverty line.
What is the racial makeup of Franklin, Kentucky?
Franklin's population is 80.6% White, 8.6% Black, 3.5% Hispanic/Latino, and 0.2% Asian.
What is the median home value in Franklin, KY?
The median home value in Franklin is $195,400. The home-value-to-income ratio is 3.3x.
How educated is Franklin, Kentucky?
15.5% of adults (25+) in Franklin hold a bachelor's degree or higher, and 7.6% hold a graduate or professional degree.