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The total population of Franklin is estimated to be 83,630 with 39,784 males (47.57%) and 43,846 females (52.43%). There are 4,062 more females than males in Franklin.
The median household income in Franklin was $111,032 in 2021, which marked an a decrease of 2,474(2.18%) from $113,506 in 2020. This income is 148.82% of the U.S. median household income of $74,606 (all incomes in 2022 inflation-adjusted dollars).
In Franklin, the median income for all workers aged 15 years and older, regardless of work hours, was $74,528 for males and $45,363 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $85,383 for males and $68,076 for females.
In Franklin, the demographic landscape is diverse, spanning 5 distinct racial categories among households. Among these, Asian households have the highest median household income at $156,250, while Some Other Race households represent the opposite end with the lowest median household income of $78,414.
In 2022, the population of Franklin was 86,895, a 1.27% increase year-by-year from 2021. Previously, in 2021, Franklin's population was 85,804, an increase of 2.00% compared to a population of 84,124 in 2020.
The median age in Franklin, TN is 37.2, as per 2021 ACS 5-Year Estimates. Of the total population, 20.74% were under the age of 15, 18.42% aged 15 to 29, 47.78% aged 30 to 64, 11.52% aged 65 to 84, and 1.53% were 85 years of age and older.
Racial distribution of Franklin population: 79.33% are White, 6.18% are Black or African American, 0.12% are American Indian and Alaska Native, 8.98% are Asian, 1.02% are some other race and 4.37% are multiracial.