Franklin

General Demographics

Total Population, 2022

74,539¹

Population Change, April 2020 - July 2022

5,961¹

Projected 2050 Population

138,523²

Under 18 Years Old

15,950¹

Age 18-64 Years

45,527¹

Age 65+ Years

13,062¹

Median Age

41³

Race / Ethnicity ³

• 1: US Census Bureau, 2022 Population Estimates
• 2: NC Office of State Budget and Management, State Demographer
• 3: 2022 American Community Survey 5-Year Estimates

Financial Stability

Residents Below Federal Poverty Level, 2022

10.9%⁴

Median Household Income, 2022

$72,415⁴

• 4: US Census Bureau, 2022 Small Area Income and Poverty Estimates

Housing

Cost-Burdened Households (Spend 30% of Household Income on Housing)

22.5%⁵

Typical Home Value (July, 2023)

$342,953⁶

Median Gross Rent, 2 Bedroom Unit

$948⁵

• 5: 2022 American Community Survey 5-Year Estimates
• 6: Zillow, Zillow Home Value Index

Education

4-Year County High School Graduation Rate

83.3%⁷

Postsecondary Enrollment

47%⁸

Postsecondary Attainment (25-44 Year Olds With a Postsecondary Degree/Credential)

46.4%⁸

• 7: North Carolina School Report Cards (2023), North Carolina Department of Public Instruction
• 8: myFutureNC, 2022 County Profiles

Employment

2024 County Economic Distress Tier

2⁹

Total Workforce Employed, 2022

32,772¹⁰

Total Workforce Unemployed, 2022

1,238¹⁰

Average Weekly Wage, 2022

$973¹¹

Residents Working in Home County

32.3%¹²

Labor Force Participation Rate

61.8%¹²

Unemployment Rate (Annual Average), 2022

3.6%¹³

Annual Living Wage - 1 Adult, 1 Child Household (Pre-Tax)

$76,144¹⁴

Avgerage Employment Change, 2012-22

914 (8% Growth)¹¹

Gross Domestic Product, 2022

$2,174,641¹⁵

Top Industry By Employment, 2021

Manufacturing (3,721 Employees)¹⁶

Top Employer in County, 2022

Franklin County Schools (1000+ Employees)¹¹

• 9: North Carolina Department of Commerce
• 10: Local Area Unemployment Statistics, Retrieved from NC Department of Commerce D4 Data Site
• 11: Quarterly Census of Employment and Wages, Retrieved from NC Department of Commerce D4 Data Site
• 12: 2022 American Community Survey 5-Year Estimates
• 13: Local Area Unemployment Statistics (2022), Retrieved from NC Department of Commerce D4 Data Site
• 14: MIT Living Wage Calculator
• 15: US Bureau of Economic Analysis
• 16: US Census Bureau, 2021 County Business Patterns

Health

Residents Uninsured

9.8%¹⁷

County Health Outcomes Rank

35¹⁸

Food Insecurity Rate, 2021

10.3%¹⁹

Primary Care Physicians Per 10K Residents, 2022

0.55²⁰

Overdose Deaths Per 100 Thousand Residents, 2021

34.4²¹

Life Expectancy

77.4¹⁸

• 17: 2022 American Community Survey 5-Year Estimates
• 18: 2023 County Health Rankings, University of Wisconsin and Robert Wood Johnson Foundation
• 19: Feeding America
• 20: UNC Sheps Center, Health Workforce Data
• 21: NCDHHS Opioid and Substance Use Action Plan Data Dashboard

Broadband

Households Without Computing Device (Laptop, Smartphone, etc.)

9.5%²²

Broadband Availability Index Score, 2021

69.0²³

Households without an Internet Subscription

13.1%²²

• 22: 2022 American Community Survey 5-Year Estimates
• 23: North Carolina Department of Information Technology

Infrastructure

Designation of Water/Wastewater System as Distressed

No²⁴

**Distressed is defined as a “public water system or wastewater system operated by a local government unit exhibiting signs of failure to identify or address those financial or operating needs necessary to enable that system to become or to remain a local government unit generating sufficient revenues to adequately fund management and operations, personnel, appropriate levels of maintenance, and reinvestment that facilitate the provision of reliable water or wastewater services” per Session Law 2020-79.**

• 24: North Carolian Department of Environmental Quality