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Last Updated: 02/04/2023


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All About

Living In Franklin, IN

Franklin, a town in Indiana, has a population of slightly more than 24,000. Retirees account for a greater percentage of the population (17%) here than nationally (14%). Most residents own their homes in Franklin, and 36% of residents rent. At $836 a month, the average rent is roughly equal to the state average.

Compared to the national average, Franklin has a relatively large percentage of residents over the age of 25 who have earned a high school degree or GED (23%). In addition, 11% possess a Bachelor's degree and 5% have a Master's or Doctoral degree. There are three primary industries in Franklin: manufacturing, healthcare, and retail. Together, these industries make up 23% of the city's workforce. Meanwhile, looking at job function, 7% of the city's population works in transportation, which ranks as the top field in the city. Franklin workers take home an average annual income of around $67,000, a little more than the state average. However, Franklin compares less favorably to the national average ($73,345).

Franklin has an average commute time of about 25 minutes. Many residents (44%) commute to work by car or truck, while public transportation isn't extensively used. Not many commuters walk to work.

Frequently Asked Questions About Franklin

How much does it cost to rent in Franklin, IN?

Our Price Sort filter can help you find a rental at a cost that's perfect for your budget.

What is the average cost of rent for a one-bedroom in Franklin?

The average rent of a one-bedroom apartment in Franklin is $805

Are there any cheap apartments for rent in Franklin?

For the best deal, we recommend using our cheap apartments filter.

Are there any pet friendly apartments in Franklin?

Apply Apartment Guide's pet friendly filter to see only Franklin apartments that accept pets.

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