Franklin County, Nebraska 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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C
Franklin County Below averageLess wealthy than 76% of counties in Nebraska
Source: Map AI Methodology
Income Statistics Overview
| Metric | Franklin County | Nebraska Avg | US Average |
|---|---|---|---|
| Median Household Income | $60,274 | $76,615 | $80,455 |
| Median Personal Income | $44,755 | $56,814 | $60,758 |
| Average Yearly Income Growth | 3.2% | 4.3% | 4.8% |
| Six-Figure Earners | 9.0% | 11.4% | 13.9% |
| $200k+ Households | 5.6% | 9.4% | 13.2% |
The median household income in Franklin County is about 21% lower than in Nebraska. Income has been growing slower in Franklin County (3.2%/yr) than in Nebraska (4.3%/yr).
About 9% of adults in Franklin County earn six figures ($100,000 or more) a year, lower than the Nebraska average of 11%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Franklin County, Nebraska grew by 70.8% from 2009 to 2024, reaching $60,274 in 2024. That's an average of about 3.2% per year.
Income Inequality and the Gender Pay Gap in Franklin County
| Metric | Franklin County | Nebraska Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.512 | 0.515 | 0.552 |
| Male Median Income | $58,354 | $65,618 | $69,667 |
| Female Median Income | $41,470 | $52,854 | $56,850 |
| Gender Pay Gap | 28.9% | 19.5% | 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 0.512, about the same as Nebraska's 0.515, so income here is about as evenly distributed as there, and lower than the US's 0.552, so income is more evenly distributed here than there.
Men's income is about 41% more than women's income in Franklin County, Nebraska. Over a 35-year career, a 41% wage gap accumulates to roughly $590,940 in unearned income for female workers in the area.
Income by Sex Over Time
The income gap between men and women in Franklin County, Nebraska has stayed about the same since 2009, at around 29%. Over that period the gap was widest at 32% in 2023, and was narrowest at 21% in 2013. In dollar terms, the gap has widened by $6,549 since 2009.
Employment
| Metric | Franklin County | Nebraska Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 2.7% | 3.0% | 5.2% |
| Working from Home | 4.3% | 11.1% | 15.0% |
| Commute time (minutes) | 15 | 16 | 22 |
Approximately 36 people are unemployed in Franklin County, Nebraska.
The average commute time in Franklin County is 15 minutes, shorter than the 16 minutes in Nebraska.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Franklin County, Nebraska has fallen from 3.8% to 2.7% in 2024. Over that period the rate peaked at 5.0% in 2013 and fell as low as 1.0% in 2019.
Franklin County, NE Wealth Compared With Nearby Counties
Franklin County, NE is the smallest of the 6 counties compared here, 2,846 residents against a local median of 3,552. Where Franklin County, NE breaks from the counties next to it is unemployment, sitting 107% above the local median of 1.3% at 2.7%. That is the weaker end of the local range on this measure.
Income growth tells the same story from another angle: 3.2%/yr against a local median of 4.4%/yr, 26% below it. Every measure here with a clear better direction points the same way, and it is the wrong way: Franklin County, NE reads weaker than its neighbours on all of them. The counties themselves spread 2.2% on unemployment, so Franklin County, NE sits at one end of an already wide local range rather than apart from it. Franklin County, NE has the 5th 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, NE | 2,846 | $60,274 #5/6 | 3.2%/yr #6/6 | 2.7% #5/6 | 0.512 #5/6 |
| Kearney County, NE | 6,713 | $76,831 | 4.4%/yr | 1.7% | 0.473 |
| Smith County, KS | 3,552 | $59,473 | 4.1%/yr | 1.0% | 0.487 |
| Harlan County, NE | 2,847 | $69,654 | 5.8%/yr | 1.3% | 0.533 |
| Webster County, NE | 3,360 | $65,898 | 6.5%/yr | 1.0% | 0.480 |
| Phillips County, KS | 4,813 | $62,484 | 3.8%/yr | 3.2% | 0.459 |
Conclusion
Considering all these factors, Franklin County, Nebraska has an overall wealth index grade of C, making it about on par with Nebraska, and about on par with the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Franklin County, Nebraska.
How Rich Is Franklin County, Nebraska?
Franklin County has a wealth index grade of C. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a C grade means residents are close to the U.S. average. The median household income is $60,274, about 21% lower than the Nebraska average of $76,615.
How fast is household income rising in Franklin County, Nebraska?
Between 2009 and 2024, the median household income in Franklin County, Nebraska rose 71%, from $35,286 to $60,274. Over the same years, income here outpaced Nebraska as a whole: +71% against +60%.
What was the median household income in Franklin County in 2023?
In 2023, the median household income in Franklin County, Nebraska was $57,391, up 2% from $56,174 in 2022. The Nebraska median that year was $74,986.
What was the median household income in Franklin County in 2020?
In 2020, the median household income in Franklin County, Nebraska was $50,270. By 2024 it had risen 20% to $60,274.
What is the Gini coefficient in Franklin County, Nebraska?
The Gini coefficient in Franklin County is 0.512. 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, Nebraska?
The income gap between men and women in Franklin County, Nebraska has stayed about the same since 2009, at around 29%. Over that period the gap was widest at 32% in 2023, and was narrowest at 21% in 2013. In dollar terms, the gap has widened by $6,549 since 2009.
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