Franklin is a medium-sized city located in the state of Indiana. With a population of 26,158 people and six associated neighborhoods, Franklin is the 40th largest community in Indiana. Much of the housing stock in Franklin was built relatively recently. The construction of new real estate can often be taken as an indication that the local Franklin economy is robust, and that jobs or other amenities are attracting an influx of new residents. This seems to be the case in Franklin, where the median household income is $82,380.00. Franklin real estate is some of the most expensive in Indiana, although Franklin house values don't compare to the most expensive real estate in the U.S.Franklin is neither predominantly blue-collar nor white-collar, instead having a mixed workforce of both blue-collar and white-collar jobs. Overall, Franklin is a city of professionals, sales and office workers, and managers. There are especially a lot of people living in Franklin who work in management occupations (11.47%), office and administrative support (9.66%), and healthcare (8.38%). Of important note, Franklin is also a city of artists. Franklin has more artists, designers and people working in media than 90% of the communities in America. This concentration of artists helps shape Franklin’s character. Also of interest is that Franklin has more people living here who work in computers and math than 95% of the places in the US. One interesting thing about the economy is that relatively large numbers of people worked from their home: 11.53% of the workforce. While this number may seem small overall, as a fraction of the total workforce this is high compared to the rest of the county. These workers are often telecommuters who work in knowledge-based, white-collar professions. For example, Silicon Valley has large numbers of people who telecommute. Other at-home workers may be self-employed people who operate small businesses out of their homes. The percentage of people in Franklin who are college-educated is somewhat higher than the average US community of 21.84%: 27.77% of adults in Franklin have at least a bachelor's degree. The per capita income in Franklin in 2022 was $37,366, which is upper middle income relative to Indiana, and middle income relative to the rest of the US. This equates to an annual income of $149,464 for a family of four. However, Franklin contains both very wealthy and poor people as well. The people who call Franklin home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Franklin residents report their race to be White, followed by Black or African-American. Important ancestries of people in Franklin include German, English, Irish, Scottish, and Italian. The most common language spoken in Franklin is English. Other important languages spoken here include Spanish and Thai.
