Franklin, TN Census Data
The 7th largest city in Tennessee by population · 15 cities ranked
Franklin is the 7th largest city in Tennessee by population and ranks 2nd of 15 for median household income. With 85,575 residents, it has a lower poverty rate than 12 other Tennessee cities. This snapshot draws from the 2023 American Community Survey (ACS) 5-year estimates.
Updated: 2026-04-13 · 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 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%
Per Capita Income
$59,438
Individual average income (not household)
Veteran Population
5.2%
Disability rate: 8.1%
How Franklin Compares to Other Tennessee Cities
Rankings among all 15 Tennessee cities tracked in the 2023 ACS.
| Ranking | Position | Tier |
|---|---|---|
| Largest by Population | 7th of 15 | Top half |
| Highest Median Income | 2nd of 15 | Top 25% |
| Lowest Poverty Rate | 3rd of 15 | Top 25% |
| Highest Bachelor's Attainment | 1st of 15 | Top 10% |
| Highest Home Value | 1st of 15 | Top 10% |
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).
How does Franklin rank among Tennessee cities?
Franklin is the 7th largest city in Tennessee by population, the 2nd highest for median household income, the 3rd lowest for poverty rate, the 1st highest for bachelor's degree attainment among 15 ranked Tennessee cities.
What is the unemployment rate in Franklin?
The unemployment rate in Franklin, TN is 2.4%, with a labor force participation rate of 67.9%. Per capita income is $59,438.
Cities Similar to Franklin
Other Tennessee cities with comparable population and income levels.