Franklin, TN Census Data
Key demographic and economic indicators for Franklin, Tennessee from the 2023 American Community Survey (ACS) 5-year estimates.
Updated: 2026-03-23 · Source: U.S. Census Bureau, ACS 2023
Population
85,575
48.3% male · 51.7% female
Median Age
37.8
0.9 below the national average (38.7 yrs)
Median Household Income
$115,000
36,462.0 above the national average ($78,538)
Bachelor's Degree or Higher
64.3%
29.3 above the national average (35.0%)
HS diploma or higher: 95.9%
Poverty Rate
4.8%
7.6 below the national average (12.4%)
Uninsured: 4.4%
Broadband Access
98.3%
8.6 above the national average (89.7%)
Median Home Value
$646,300
Median rent: $1,861 · 64% owner-occupied
Unemployment Rate
2.4%
Labor force participation: 67.9%
Demographics
Race & Ethnicity
Age Distribution
Commute to Work
Franklin, TN Frequently Asked Questions
What is the population of Franklin, TN?
The population of Franklin, TN is 85,575 according to the 2023 American Community Survey 5-year estimates. The median age is 37.8 years.
What is the median household income in Franklin?
The median household income in Franklin, TN is $115,000, above the national average of $78,538. Per capita income is $59,438.
What is the poverty rate in Franklin?
The poverty rate in Franklin, TN is 4.8%, compared to the national average of 12.4%. About 4.4% of residents lack health insurance.
What percentage of Franklin residents have a college degree?
64.3% of adults (25+) in Franklin hold a bachelor's degree or higher, and 95.9% have at least a high school diploma. The national average for bachelor's degree holders is 35.0%.
What is the median home value in Franklin?
The median home value in Franklin, TN is $646,300. Median rent is $1,861 per month, with 64% of housing units owner-occupied.
What is the racial makeup of Franklin?
Franklin's population is 75.7% White, 5.8% Black, 7.3% Hispanic or Latino, and 9.0% Asian (source: 2023 ACS).