Where does this demographic data come from?

All demographic data comes from the U.S. Census Bureau's American Community Survey (ACS) 5-Year Estimates, which samples about 3.5 million households annually. The 5-year estimates provide the most reliable data for small geographies like municipalities.

What is the difference between Census data and ACS data?

The decennial Census (conducted every 10 years) is a full population count focusing on basic demographics. The ACS is an ongoing survey that collects detailed data on income, education, housing, commute patterns, and more. ACS data is updated annually but represents averages over a 5-year period.

How accurate is this data for small towns?

For smaller municipalities, ACS estimates have wider margins of error because fewer residents are sampled. The 5-year estimates reduce this uncertainty by averaging over a longer period. For towns under 5,000 people, treat specific numbers as approximations rather than precise counts.

Franklin, IN Population, Income & Demographics 2026

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Demographics — 2024 ACS 5-Year Estimatesi

Census

Populationi

26,168

Median Agei

34.5

Race & Ethnicityi

White

90%23,552

Two or More

3%780

Black

2.7%717

Hispanic/Latino

2.7%703

Asian

1.5%384

Other

0.1%23

American Indian/Alaska Native

0%9

Educational Attainment (Age 25+)i

GED/Alternative

3.8%635

High School Diploma

26.5%4,487

Some College (<1 yr)

7.9%1,332

Some College (1+ yr)

14.6%2,473

Associate's Degree

10.9%1,852

Bachelor's Degree

19.1%3,225

Master's Degree

6%1,017

Professional Degree

1.5%256

Doctorate

1.2%203

HS or Higher

91.4%

BA or Higher

27.8%

Graduate+

8.7%

Housingi

Median Home Valuei

$231,500

Median Renti

$1,186

Tenure

Owner-Occupied

65.7%6,302

Renter-Occupied

34.3%3,288

Total Units

10,275

Homeownership

65.7%

Vacancy Rate

6.7%

Home Values

Under $50K

6.3%396

$50K–$100K

5.2%325

$100K–$150K

8.5%533

$150K–$200K

17.8%1,122

$200K–$300K

38.6%2,435

$300K–$500K

20%1,263

$500K–$1M

3.2%203

$1M+

0.4%25

Rent Distribution

Under $500

114

$500–$750

293

$750–$1,000

750

$1,000–$1,250

590

$1,250–$1,500

479

$1,500–$2,000

596

$2,000+

372

Year Built

2020 or later

3.2%328

2010–2019

9.3%954

2000–2009

23.8%2,448

1990–1999

21.4%2,199

1980–1989

6.9%704

1970–1979

5.5%568

1960–1969

8.1%837

1950–1959

6%618

1940–1949

5.2%535

1939 or earlier

10.5%1,084

Heating Fuel

Utility Gas

57.8%5,540

Electricity

40%3,836

Bottled/LP Gas

1.3%122

Wood

0.6%55

No Fuel

0.2%17

Fuel Oil

0.1%10

Other

0.1%10

Economyi

Median Household Incomei

$82,380

Mean Household Incomei

$98,378

Per Capita Incomei

$37,366

Poverty Ratei

10.5%

Unemploymenti

3.8%

Labor Forcei

13,451

Household Income Distribution

Under $10K

5.1%491

$10K–$15K

3.1%296

$15K–$20K

2.1%203

$20K–$25K

3.8%367

$25K–$30K

3.8%368

$30K–$35K

3.8%362

$35K–$40K

4.4%424

$40K–$45K

3.3%315

$45K–$50K

3%292

$50K–$60K

4%388

$60K–$75K

10.3%983

$75K–$100K

15.9%1,523

$100K–$125K

13%1,250

$125K–$150K

9.8%936

$150K–$200K

7.5%720

$200K+

7%672

Ancestry & Heritage

Self-reported ancestry groups. Residents may report multiple ancestries, so totals may exceed 100%.

Foreign-Born Populationi

Foreign-Borni

7642.9%

By Region

Top Countries

Mexico

Canada

Philippines

Germany

India

China

Commute & Transportationi

Workersi

12,726

Avg. Commutei

25 min

How People Get to Work

Travel Time to Work

Workforce

Total Employed

12,782

Occupations

Industries

Social Characteristicsi

Marital Status (15+)i

Veteransi

985(5% of civilian adults)

Health Insurancei

95.3%Insured

4.7%Uninsured