Kentucky · Census place 28918
Franklin, KY population, income and ZIP codes
Quick answer
The population of the city of Franklin, Kentucky (Franklin, KY — Census place “Franklin city”) is 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. Looking for the Franklin Kentucky ZIP code list? 1 ZIP codes serve Franklin, KY: 42134.
- 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
Franklin ZIP codes (Kentucky)
Census ZCTAs whose delivery area overlaps Franklin.
The Franklin KY ZIP code list below covers 1 ZIP code. Open any one for its population, income, housing and rent profile.
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
Franklin city, KY in context
How this area compares with national benchmarks.
Franklin city is a mid-size town in Kentucky, with 10,254 residents counted in the Census American Community Survey 2019-2023 ACS 5-year estimates, which places it #43 of 554 ranked by population — larger than 92% of them. The median age here is 34.4 years against 39.1 nationally, a slightly younger profile than the country as a whole. Places under 65,000 residents only appear in the five-year release, never the one-year file, so these values pool sixty months of responses and lag the current year by design.
Households in Franklin city earn a median of $55,552 a year, 29.3% below the national figure of $78,538 and within a couple of points of the $55,469 median for the 246 Kentucky cities we cover. The median is the midpoint household, not an average, so a handful of very high earners cannot drag it upward the way they distort a mean. Poverty reaches 17.4% of residents here, above the 12.4% national rate.
The typical owner-occupied home in Franklin city is valued at $170,400, 43.8% below the national figure and 8% above the $157,200 peer median, while median gross rent runs $1,034 a month, 26.5% below the national figure, or roughly $12,408 across a full year. A household on the local median income would put about 22.3% of gross pay toward that rent against the federal 30% cost-burden threshold, so renting here is within the standard affordability guideline. The home-price-to-income ratio works out to 3.1×, against roughly 3.9× nationally, so buying is easier here than in the average US market. 53.2% of occupied homes are owner-occupied versus 65% nationally, so the market leans more heavily on renters. Gross rent folds in the utilities a tenant pays separately, so it is closer to the real monthly outlay than a headline rent figure.
Every value on this page is published directly by the Census for this area — nothing is modelled or interpolated. Small-area estimates still carry wider margins of error than state or national figures, so check the linked ACS tables before relying on them for lending, appraisal or legal work.
Compare with nearby places
Places of similar size in Kentucky.
- La Grange city 10,188
- Francisville CDP 10,313
- Paris city 10,107
- Versailles city 10,382
- Mayfield city 9,905
- Alexandria city 10,430
- Middletown city 9,622
- Lyndon city 10,956
Keep going
More Kentucky coverage.
Frequently asked questions
Common questions about this area.
- What is the population of Franklin city?
- Franklin city has 10,254 residents on Census ACS 2019-2023 ACS 5-year estimates, ranking #43 of 554 in Kentucky.
- What is the median household income in Franklin city?
- Median household income in Franklin city is $55,552 a year, 29.3% below the national figure of $78,538.
- How much does it cost to rent or buy in Franklin city?
- Median gross rent is $1,034 a month and the median home value is $170,400, so rent absorbs about 22.3% of median household income.
- Is Franklin city affordable compared with the rest of the US?
- Homes cost about 3.1× the local median income here versus roughly 3.9× nationally, so Franklin city is more affordable to buy in than the typical US market, and rent takes 22.3% of median income against the 30% cost-burden line.
- How current is this Franklin city data?
- All figures come from the US Census Bureau American Community Survey 2019-2023 ACS 5-year five-year estimates. Places under 65,000 residents only appear in the five-year release, never the one-year file, so these values pool sixty months of responses and lag the current year by design.