In 2017, Franklin, IN had a population of 24.5k people with a median age of 38 and a median household income of $56,367. Between 2016 and 2017 the population of Franklin, IN grew from 24,021 to 24,489, a 1.95% increase and its median household income grew from $53,207 to $56,367, a 5.94% increase.
The 5 largest ethnic groups in Franklin, IN are White (Non-Hispanic) (94.3%), Black or African American (Non-Hispanic) (1.49%), White (Hispanic) (1.44%), Some Other Race (Hispanic) (1.23%), and Asian (Non-Hispanic) (0.69%). N/A% of the people in Franklin, IN speak a non-English language, and 99.3% are U.S. citizens.
The largest universities in Franklin, IN are Franklin College (226 degrees awarded in 2017).
The median property value in Franklin, IN is $119,200, and the homeownership rate is 63.1%. Most people in Franklin, IN commute by Drove Alone, and the average commute time is 22.7 minutes. The average car ownership in Franklin, IN is 2 cars per household.