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, TN Population, Income & Demographics 2026

MSANashville-Murfreesboro-Franklin#3/54 Population

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Demographics — 2023 ACS 5-Year Estimatesi

Census

Populationi

85,575

Median Agei

37.8

Race & Ethnicityi

White

74.3%63,571

Asian

8.9%7,591

Hispanic/Latino

7.3%6,236

Black

5.8%4,935

Two or More

3.3%2,818

Other

0.4%367

American Indian/Alaska Native

0.1%57

Educational Attainment (Age 25+)i

GED/Alternative

1.9%1,093

High School Diploma

9.6%5,528

Some College (<1 yr)

5.4%3,089

Some College (1+ yr)

9%5,146

Associate's Degree

5.7%3,263

Bachelor's Degree

39.8%22,826

Master's Degree

18.4%10,590

Professional Degree

3.7%2,119

Doctorate

2.4%1,369

HS or Higher

95.9%

BA or Higher

64.3%

Graduate+

24.5%

Housingi

Median Home Valuei

$646,300

Median Renti

$1,861

Tenure

Owner-Occupied

64.3%21,318

Renter-Occupied

35.7%11,840

Total Units

34,971

Homeownership

64.3%

Vacancy Rate

5.2%

Economyi

Median Household Incomei

$115,000

Mean Household Incomei

$146,750

Per Capita Incomei

$58,094

Poverty Ratei

4.8%

Unemploymenti

2.4%

Labor Forcei

46,499

Federally Subsidized Housingi

HUD

The federal government helps low-income families, seniors, and people with disabilities afford housing through several programs. Residents typically pay about 30% of their income toward rent, with the government covering the rest. This data shows how many households in this community receive that assistance.

Subsidized Homesi

447

Residentsi

587

Avg. Tenant Renti

$450/mo

Avg. Waitlisti

68 months

Programs in this community

Public Housing60 homes

Government-owned housing managed by local housing authorities

Housing Choice Vouchers240 homes72% occupied$452/mo rent

Rental vouchers (Section 8) that help tenants pay for private-market housing

Project Based Section 850 homes94% occupied$441/mo rent

Privately owned apartments with rent subsidies tied to the building

Household Incomei

Based on area median of $115,000/yr

Extremely low incomeUnder $35K/yr

73%

Very low income$35K–$58K/yr

20.4%

Low income$58K–$92K/yr

4.9%

Moderate / aboveOver $92K/yr

1.7%

Who Receives This Housing

81.5% of subsidized households are headed by a single mother

58.3% of subsidized households are minority

12.2% of subsidized households include someone with a disability

57.4% of subsidized households include a senior (62+)

Social Characteristicsi

Veteransi

3,372(5.2% of civilian adults)