Franklin County, Florida Income Statistics
Franklin County Wealth Score
The wealth index reflects the overall economic prosperity and financial well-being of a county's residents based on income levels, employment rates, and income inequality metrics.
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D
Franklin County Well below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Franklin County | Florida Avg | US Average |
|---|---|---|---|
| Median Household Income | $65,488 | $74,580 | $80,455 |
| Median Personal Income | $45,900 | $52,322 | $60,758 |
| Average Yearly Income Growth | 6.2% | 5.4% | 4.8% |
| Six-Figure Earners | 10.3% | 11.6% | 13.9% |
| $200k+ Households | 8.4% | 11.0% | 13.2% |
The median household income in Franklin County is about 12% lower than in Florida. Income has been growing faster in Franklin County (6.2%/yr) than in Florida (5.4%/yr).
About 10% of adults in Franklin County earn six figures ($100,000 or more) a year, lower than the Florida average of 12%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Franklin County, Florida grew by 71.4% from 2009 to 2024, reaching $65,488 in 2024. That's an average of about 6.2% per year.
Income Inequality and the Gender Pay Gap in Franklin County
| Metric | Franklin County | Florida Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.603 | 0.551 | 0.552 |
| Male Median Income | $66,636 | $60,595 | $69,667 |
| Female Median Income | $42,541 | $50,762 | $56,850 |
| Gender Pay Gap | 36.2% | 16.2% | 18.4% |
The Gini coefficient measures how evenly income is shared between richer and poorer households, from 0 (everyone earns the same) to 1 (one household earns nearly everything). The lower the number, the more equally income is distributed. In Franklin County, it is 0.603, higher than Florida's 0.551, so income is less evenly distributed here than there, and higher than the US's 0.552, so income is less evenly distributed here than there.
Men's income is about 57% more than women's income in Franklin County, Florida. Over a 35-year career, a 57% wage gap accumulates to roughly $843,325 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Franklin County, Florida has widened from about 14% to 36% in 2024. Over that period the gap was widest at 39% in 2022, and in 2014 women out-earned men by 3%. In dollar terms, the gap has widened by $18,988 since 2009.
Sharply against the trend: the pay gap in Franklin County widened by 21.8 points while Florida's narrowed by 2.5 points.
Employment
| Metric | Franklin County | Florida Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 8.5% | 4.8% | 5.2% |
| Working from Home | 8.6% | 15.7% | 15.0% |
| Commute time (minutes) | 16 | 23 | 22 |
Approximately 433 people are unemployed in Franklin County, Florida.
The average commute time in Franklin County is 16 minutes, shorter than the 23 minutes in Florida.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Franklin County, Florida has fallen from 9.7% to 8.5% in 2024. Over that period the rate peaked at 12.1% in 2013 and fell as low as 6.1% in 2019.
Franklin County, FL Wealth Compared With Nearby Counties
Franklin County, FL is the 5th largest of the 6 counties compared here, 12,553 residents against a local median of 15,130. Where Franklin County, FL breaks from the counties next to it is unemployment, sitting 69% above the local median of 5.0% at 8.5%. That is the weaker end of the local range on this measure.
Income growth tells the same story from another angle: 6.2%/yr against a local median of 5.1%/yr, 23% above it. The picture is mixed rather than uniform: income growth runs ahead of the neighbourhood while unemployment runs behind it, so Franklin County, FL is trading one against the other rather than simply out-performing what surrounds it. The counties themselves spread 5.4% on unemployment, so Franklin County, FL sits at one end of an already wide local range rather than apart from it. Franklin County, FL has the 6th lowest unemployment of the 6 areas compared here.
| Area | Population | Median household income | Income growthAverage yearly change in median household income since 2016. Each year is measured in its own dollars, so this is growth before inflation. | Unemployment | Income inequalityGini coefficient: 0 would mean every household earns the same, 1 that a single household earns everything. The lower the number, the more equally income is shared here. |
|---|---|---|---|---|---|
| Franklin County, FL | 12,553 | $65,488 #2/6 | 6.2%/yr #1/6 | 8.5% #6/6 | 0.603 #5/6 |
| Gulf County, FL | 15,130 | $62,079 | 5.6%/yr | 2.6% | 0.597 |
| Liberty County, FL | 7,687 | $58,017 | 5.5%/yr | 6.6% | 0.631 |
| Wakulla County, FL | 35,387 | $79,935 | 5.1%/yr | 3.3% | 0.543 |
| Calhoun County, FL | 13,492 | $50,996 | 4.0%/yr | 8.0% | 0.601 |
| Gadsden County, FL | 43,710 | $48,630 | 3.0%/yr | 5.0% | 0.596 |
Conclusion
Considering all these factors, Franklin County, Florida has an overall wealth index grade of D, making it somewhat worse than Florida, and somewhat worse than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Franklin County, Florida.
How Rich Is Franklin County, Florida?
Franklin County has a wealth index grade of D. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a D grade means residents are somewhat worse off than the U.S. average. The median household income is $65,488, about 12% lower than the Florida average of $74,580.
How has median household income changed in Franklin County, Florida?
Between 2009 and 2024, the median household income in Franklin County, Florida rose 71%, from $38,217 to $65,488. Over the same years, income here outpaced Florida as a whole: +71% against +57%.
What was the median household income in Franklin County in 2023?
In 2023, the median household income in Franklin County, Florida was $63,177, up 8% from $58,260 in 2022. The Florida median that year was $71,864.
What was the median household income in Franklin County in 2020?
In 2020, the median household income in Franklin County, Florida was $48,302. By 2024 it had risen 36% to $65,488.
How strong is the job market in Franklin County, Florida?
Unemployment in Franklin County, Florida is 8.5%, well above the Florida rate of 4.8%, so job seekers may face more competition than elsewhere.
What is the Gini coefficient in Franklin County, Florida?
The Gini coefficient in Franklin County is 0.603. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is higher than the US average of 0.552, so income is distributed less equally than in the country overall.
How has the income gap between men and women changed in Franklin County, Florida?
Since 2009, the income gap between men and women in Franklin County, Florida has widened from about 14% to 36% in 2024. Over that period the gap was widest at 39% in 2022, and in 2014 women out-earned men by 3%. In dollar terms, the gap has widened by $18,988 since 2009.
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