![]() | Income |
Median household income is $110,072 and per capita income is $59,474 in Franklin. Median income is well above the U.S. median income. Average household income is $145,815 per year. Franklin's per capita income is well above the state of Tennessee and the U.S. The percentage of households with an average income is 0.0%. Additionally, 32.7% of the population earns over $150,000. This area may be an ultra-rich area. A close review of the tapestry profiles for this area will give insight into general spending and behavior patterns of this population. The percentage of the population at poverty level (below $25,000) is 8.2% and is well below Tennessee and US poverty levels. The unemployment rate is low overall at 3.5%. White-collar professions account for 75.3% of employment. Service occupations comprise 14.8% of the employment base while blue-collar occupations make up 9.8% of the base.
|  | Table #2 Significant Demographic Characteristics - Page 3 |
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Demographic Analysis for Franklin, Tennessee
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| INCOME | | | | |
| Per capita income | $59,474 | $63,085 | $38,807 | $43,829 |
| Median household income | $110,072 | $118,219 | $69,015 | $79,068 |
| Average household income | $145,815 | $155,553 | $96,677 | $113,185 |
| HOUSEHOLD INCOME BREAKDOWN | | | | |
| Less than $25,000 | 8.2% | 6.7% | 16.1% | 14.9% |
| $25,000 - $34,999 | 7.2% | 5.3% | 7.6% | 6.7% |
| $35,000 - $49,999 | 8.8% | 8.4% | 12.0% | 10.1% |
| $50,000 - $74,999 | 13.3% | 12.7% | 17.6% | 15.7% |
| $75,000 - $99,999 | 8.0% | 8.6% | 13.5% | 12.8% |
| $100,000 - $149,999 | 21.7% | 22.6% | 17.0% | 17.6% |
| $150,000 - $199,999 | 9.7% | 11.7% | 8.1% | 9.5% |
| $200,000 or more | 23.0% | 24.1% | 8.2% | 12.6% |
| $50,000 - $99,999 | 21.3% | 21.3% | 31.1% | 28.5% |
| Number of Households $50,000 - $99,999 | 2,236 | 4,685 | 897,374 | 37,304,757 |
| $35,000 - $149,999 | 51.8% | 52.2% | 60.0% | 56.2% |
| Number of Households $35,000 - $149,999 | 5,446 | 11,497 | 1,732,101 | 73,487,840 |
| EMPLOYMENT STATUS | | | | |
| Persons employed in labor force | 13,949 | 29,341 | 3,364,262 | 166,125,745 |
| Unemployed civilians | 3.5% | 3.3% | 4.0% | 4.2% |
| Workers By Occupation: | | | | |
| Management Occupations | 26.2% | 28.5% | 17.1% | 18.4% |
| Professional Occupations | 26.5% | 30.1% | 23.5% | 25.6% |
| Sales Occupations | 10.8% | 9.7% | 9.1% | 8.5% |
| Admin Occupations | 11.9% | 10.9% | 11.0% | 10.1% |
| Services | 14.8% | 12.4% | 14.5% | 16.4% |
| All Other Occupations/Blue Collar | 9.8% | 8.4% | 24.8% | 21.0% |
