Franklin County, Indiana 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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B
Franklin County Around averageWealthier than 85% of counties in Indiana
Source: Map AI Methodology
Income Statistics Overview
| Metric | Franklin County | Indiana Avg | US Average |
|---|---|---|---|
| Median Household Income | $76,902 | $71,967 | $80,455 |
| Median Personal Income | $53,118 | $55,757 | $60,758 |
| Average Yearly Income Growth | 5.1% | 4.5% | 4.8% |
| Six-Figure Earners | 11.0% | 10.2% | 13.9% |
| $200k+ Households | 10.0% | 8.2% | 13.2% |
The median household income in Franklin County is about 7% higher than in Indiana. Income has been growing faster in Franklin County (5.1%/yr) than in Indiana (4.5%/yr).
About 11% of adults in Franklin County earn six figures ($100,000 or more) a year, higher than the Indiana average of 10%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Franklin County, Indiana grew by 49.7% from 2009 to 2024, reaching $76,902 in 2024. That's an average of about 5.1% per year.
Income Inequality and the Gender Pay Gap in Franklin County
| Metric | Franklin County | Indiana Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.510 | 0.534 | 0.552 |
| Male Median Income | $60,294 | $65,086 | $69,667 |
| Female Median Income | $48,825 | $51,220 | $56,850 |
| Gender Pay Gap | 19.0% | 21.3% | 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 0.510, lower than Indiana's 0.534, so income is more evenly distributed here than there, and lower than the US's 0.552, so income is more evenly distributed here than there.
Men's income is about 23% more than women's income in Franklin County, Indiana. Over a 35-year career, a 23% wage gap accumulates to roughly $401,415 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, Indiana has narrowed from about 22% to 19% in 2024. Over that period the gap was widest at 29% in 2020, and was narrowest at 15% in 2014. In dollar terms, the gap has widened by $2,214 since 2009.
Employment
| Metric | Franklin County | Indiana Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 3.9% | 4.3% | 5.2% |
| Working from Home | 9.3% | 10.7% | 15.0% |
| Commute time (minutes) | 31 | 21 | 22 |
Approximately 456 people are unemployed in Franklin County, Indiana.
The average commute time in Franklin County is 31 minutes, longer than the 21 minutes in Indiana.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Franklin County, Indiana has fallen from 6.4% to 3.9% in 2024. Over that period the rate peaked at 7.4% in 2013 and fell as low as 2.1% in 2022.
Franklin County, IN Wealth Compared With Nearby Counties
Franklin County, IN is the 5th largest of the 6 counties compared here, 23,020 residents against a local median of 29,095. Franklin County, IN's unemployment, at 3.9%, runs 15% above the 3.4% typical of the counties around it. That is the weaker end of the local range on this measure.
The counties themselves spread 3.5% on unemployment, so Franklin County, IN sits at one end of an already wide local range rather than apart from it. Franklin County, IN has the 4th 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, IN | 23,020 | $76,902 #2/6 | 5.1%/yr #2/6 | 3.9% #4/6 | 0.510 #3/6 |
| Union County, IN | 6,985 | $76,761 | 7.0%/yr | 4.3% | 0.480 |
| Fayette County, IN | 23,334 | $59,417 | 4.8%/yr | 3.4% | 0.519 |
| Dearborn County, IN | 51,094 | $83,757 | 4.1%/yr | 1.9% | 0.508 |
| Ripley County, IN | 29,095 | $69,592 | 3.7%/yr | 3.0% | 0.515 |
| Wayne County, IN | 66,397 | $56,057 | 4.4%/yr | 5.4% | 0.531 |
Conclusion
Considering all these factors, Franklin County, Indiana has an overall wealth index grade of B, making it somewhat better than Indiana, and somewhat better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Franklin County, Indiana.
How Rich Is Franklin County, Indiana?
Franklin County has a wealth index grade of B. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a B grade means residents are quite well off compared to the U.S. average. The median household income is $76,902, about 7% higher than the Indiana average of $71,967.
Are incomes growing in Franklin County, Indiana?
Between 2009 and 2024, the median household income in Franklin County, Indiana rose 50%, from $51,378 to $76,902. Over the same years, income here lagged behind Indiana as a whole: +50% against +52%.
What was the median household income in Franklin County in 2023?
In 2023, the median household income in Franklin County, Indiana was $78,426, up 3% from $75,929 in 2022. The Indiana median that year was $70,115.
What was the median household income in Franklin County in 2020?
In 2020, the median household income in Franklin County, Indiana was $69,528. By 2024 it had risen 11% to $76,902.
What is the Gini coefficient in Franklin County, Indiana?
The Gini coefficient in Franklin County is 0.510. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is lower than the US average of 0.552, so income is distributed more equally than in the country overall.
How has the income gap between men and women changed in Franklin County, Indiana?
Since 2009, the income gap between men and women in Franklin County, Indiana has narrowed from about 22% to 19% in 2024. Over that period the gap was widest at 29% in 2020, and was narrowest at 15% in 2014. In dollar terms, the gap has widened by $2,214 since 2009.
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