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ZipNumbers

Kentucky · Census place 28918

Franklin city, KY

Quick answer

Franklin city has 10,254 residents, ranking #43 of 554 places in Kentucky. Median household income is $55,552, the median home is worth $170,400 and median gross rent runs $1,034 a month.

Population
10,254Franklin city residents
Median household income
$55,552Past 12 months, inflation adjusted
Median home value
$170,400Owner-occupied units
Median gross rent
$1,034Rent plus utilities, monthly
Median age
34.4 yrsAll residents
Homeownership rate
53.2%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 22.3% 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 3.1× the median household income; nationally that ratio sits near 4.5×. Poverty affects 17.4% of residents and 53.2% of households own their home.

Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year

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