Franklin city, Tennessee Demographics & Population 2026
As of 2026, Franklin city, Tennessee has a total population of 85,575, the 7th largest city in Tennessee, with a median household income of $115,000, which is 71% higher than the state average. The poverty rate is 4.8%.
Key Takeaways
- Household income is 71% above the state average — one of the wealthiest communities in Tennessee.
- An exceptionally low poverty rate of 4.8% — among the lowest in Tennessee.
- 64.3% of adults hold a bachelor's degree or higher — top 10% in Tennessee.
- Near full employment with an unemployment rate of just 2.4%.
Franklin city Quick Facts
How Franklin city Compares
Median Household Income
Median Home Value
Economy & Housing
Household Income Distribution
Employment
Housing Overview
People & Demographics
Age Distribution
Race & Ethnicity
Diversity Index
Moderate diversity with one or two groups making up the majority.
State average: 46 | National average: 60
Education
Educational Attainment (Adults 25+)
Franklin city Rankings in Tennessee
Explore Tennessee Rankings
Cities Similar to Franklin city
These cities in the same state have comparable population and economic profiles.
| City | Population | Median Income | Home Value | Bachelor's+ | Poverty |
|---|---|---|---|---|---|
| Hendersonville city | 62,390 | $91,503 | $396,500 | 43.6% | 6.3% |
| Bartlett city | 56,998 | $100,660 | $283,700 | 37.5% | 6.0% |
| Spring Hill city | 53,585 | $106,658 | $452,400 | 46.0% | 4.2% |
| Johnson City city | 71,455 | $55,429 | $238,000 | 41.8% | 21.1% |
| Collierville town | 51,212 | $134,319 | $458,300 | 60.6% | 2.6% |
Population Overview
Franklin city is a mid-sized community located in Tennessee. The total population is 85,575. It ranks as the 7th most populous out of 504 cities and towns in Tennessee.
Age Demographics
The median age in Franklin city is 37.8 years. This is 3% lower than the state median of 38.9 years.
Economy, Income & Housing
The median household income in Franklin city is $115,000. This is 71% higher than the state median of $67,097. Compared to the national median of $78,538, household income here is 46% higher. The poverty rate stands at 4.8%. This is 65% lower than the state poverty rate of 13.8%. This exceptionally low poverty rate indicates strong economic prosperity across the community. The unemployment rate is 2.4%. This is 50% lower than the state rate of 4.7%. The median home value is $646,300. Housing costs are 152% higher than the state median of $256,800. The home-value-to-income ratio is 5.6x. 64.3% of occupied housing units are owner-occupied. This homeownership rate is 4% lower than the state average of 67.0%.
Race & Ethnicity
The largest racial or ethnic group in Franklin city is White (non-Hispanic), making up 74.3% of the population. Asian residents account for 8.9%. The Black or African American population (5.8%) is well below the state average of 15.7%. The Asian population is significantly higher than the state average (8.9% vs 1.8%).
Education
64.3% of residents aged 25 and older hold a bachelor's degree or higher. This places Franklin city in the top 10% of all cities in the state for educational attainment. This is 112% higher than the state rate of 30.4%. Nationally, 35.0% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 95.9%. Notably, 24.5% of adults hold a graduate or professional degree, indicating a highly educated workforce.
Data Sources & Methodology
All demographic data for Franklin city, Tennessee is sourced from the U.S. Census Bureau's American Community Survey (ACS) 5-Year Estimates (2019-2023). The ACS collects data from approximately 3.5 million households annually, providing reliable estimates for communities of all sizes. Comparisons are made against Tennessee state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 504 Census-designated places in Tennessee. For official data, visit data.census.gov.
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Frequently Asked Questions
What is the population of Franklin city, Tennessee?
Franklin city, Tennessee has a population of 85,575 according to the most recent U.S. Census ACS 5-Year Estimates.
What is the median household income in Franklin city, TN?
The median household income in Franklin city is $115,000, which is 46% higher the national median of $78,538.
What is the poverty rate in Franklin city, TN?
The poverty rate in Franklin city is 4.8%. This means approximately 4,106 residents live below the federal poverty line.
What is the racial makeup of Franklin city, Tennessee?
Franklin city's population is 74.3% White, 5.8% Black, 7.3% Hispanic/Latino, and 8.9% Asian.
What is the median home value in Franklin city, TN?
The median home value in Franklin city is $646,300. The home-value-to-income ratio is 5.6x.
How educated is Franklin city, Tennessee?
64.3% of adults (25+) in Franklin city hold a bachelor's degree or higher, and 24.5% hold a graduate or professional degree.