Franklin is a larger medium-sized city located in the state of Tennessee. With a population of 72,639 people and 18 constituent neighborhoods, Franklin is the ninth largest community in Tennessee.
Franklin home prices are not only among the most expensive in Tennessee, but Franklin real estate also consistently ranks among the most expensive in America.
Franklin is a decidedly white-collar city, with fully 92.29% of the workforce employed in white-collar jobs, well above the national average. Overall, Franklin is a city of professionals, managers, and sales and office workers. There are especially a lot of people living in Franklin who work in management occupations (16.93%), sales jobs (13.89%), and office and administrative support (11.67%).
Also of interest is that Franklin has more people living here who work in computers and math than 95% of the places in the US.
Of important note, Franklin is also a city of artists. Franklin has more artists, designers and people working in media than 90% of the communities in America. This concentration of artists helps shape Franklin’s character.
One interesting thing about the economy is that relatively large numbers of people worked from their home: 8.59% of the workforce. While this number may seem small overall, as a fraction of the total workforce this is high compared to the rest of the county. These workers are often telecommuters who work in knowledge-based, white-collar professions. For example, Silicon Valley has large numbers of people who telecommute. Other at-home workers may be self-employed people who operate small businesses out of their homes.
Because of many things, Franklin is a great place for families with children to consider. First of all, many other families with children live here, making Franklin a place where both parents and children are more likely to develop social ties with other families, as well as find family-oriented services and community. The city’s good public school district and large population of college-educated adults provide an environment conducive to academic values. With regard to real estate, Franklin has a high rate of owner-occupied single family homes, which tends to reflect stability in the local community. Finally, Franklin’s overall crime rate is lower than average for the country.
If knowledge is power, Franklin is a pretty powerful place. 57.25% of the adults in Franklin have earned a 4-year college degree, masters degree, MD, law degree, or even PhD. Compare that to the national average of 21.84% for all cities and towns.
The per capita income in Franklin in 2010 was $42,134, which is wealthy relative to Tennessee and the nation. This equates to an annual income of $168,536 for a family of four. However, Franklin contains both very wealthy and poor people as well.
Franklin is a somewhat ethnically-diverse city. The people who call Franklin home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Franklin residents report their race to be White, followed by Black or African-American. Important ancestries of people in Franklin include German, English, Italian, and Scottish.
The most common language spoken in Franklin is English. Other important languages spoken here include Spanish and Hindi.