Indiana · Census place 25450
Franklin city, IN
Quick answer
Franklin city has 25,999 residents, ranking #40 of 976 places in Indiana. Median household income is $77,305, the median home is worth $212,500 and median gross rent runs $1,127 a month.
- Population
- 25,999Franklin city residents
- Median household income
- $77,305Past 12 months, inflation adjusted
- Median home value
- $212,500Owner-occupied units
- Median gross rent
- $1,127Rent plus utilities, monthly
- Median age
- 34 yrsAll residents
- Homeownership rate
- 66.4%Owner-occupied households
What the numbers mean in Franklin city
Housing cost measured against local earnings.
A household earning the Franklin city median would spend about 17.5% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 2.7× the median household income; nationally that ratio sits near 4.5×. Poverty affects 11.3% of residents and 66.4% of households own their home.
Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year
Compare with nearby places
Places of similar size in Indiana.
- Schererville town 29,627
- Marion city 27,384
- East Chicago city 26,158
- Greenfield city 24,308
- Highland town 23,749
- Munster town 23,733
- Avon town 22,683
Keep going
More Indiana coverage.