Franklin County, New York 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 averageAmong the 3 least wealthy counties in New York
Source: Map AI Methodology
Income Statistics Overview
| Metric | Franklin County | New York Avg | US Average |
|---|---|---|---|
| Median Household Income | $65,925 | $86,556 | $80,455 |
| Median Personal Income | $52,733 | $70,316 | $60,758 |
| Average Yearly Income Growth | 3.6% | 4.5% | 4.8% |
| Six-Figure Earners | 6.6% | 16.7% | 13.9% |
| $200k+ Households | 5.5% | 17.1% | 13.2% |
The median household income in Franklin County is about 24% lower than in New York. Income has been growing slower in Franklin County (3.6%/yr) than in New York (4.5%/yr).
About 7% of adults in Franklin County earn six figures ($100,000 or more) a year, lower than the New York average of 17%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Franklin County, New York grew by 62.2% from 2009 to 2024, reaching $65,925 in 2024. That's an average of about 3.6% per year.
Income Inequality and the Gender Pay Gap in Franklin County
| Metric | Franklin County | New York Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.540 | 0.557 | 0.552 |
| Male Median Income | $58,655 | $77,531 | $69,667 |
| Female Median Income | $52,212 | $67,892 | $56,850 |
| Gender Pay Gap | 11.0% | 12.4% | 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 0.540, lower than New York's 0.557, 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 12% more than women's income in Franklin County, New York. Over a 35-year career, a 12% wage gap accumulates to roughly $225,505 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, New York has narrowed from about 22% to 11% in 2024. Over that period the gap was widest at 23% in 2012, and was narrowest at 6% in 2023. In dollar terms, the gap has narrowed by $2,819 since 2009.
Employment
| Metric | Franklin County | New York Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 3.9% | 6.4% | 5.2% |
| Working from Home | 6.1% | 15.0% | 15.0% |
| Commute time (minutes) | 16 | 28 | 22 |
Approximately 794 people are unemployed in Franklin County, New York.
The average commute time in Franklin County is 16 minutes, shorter than the 28 minutes in New York.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Franklin County, New York has fallen from 8.1% to 3.9% in 2024. Over that period the rate peaked at 9.8% in 2013.
Franklin County, NY Wealth Compared With Nearby Counties
Franklin County, NY is the 3rd largest of the 6 counties compared here, 46,696 residents against a local median of 36,973. Franklin County, NY sits close to the middle of its own neighbourhood. No measure below is more than 15% off the local median, so the choice between these counties turns on things this data does not capture.
The largest of those small differences is income growth, 8% below the local median at 3.6%/yr against 4.0%/yr. Franklin County, NY has the 5th highest income growth 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, NY | 46,696 | $65,925 #5/6 | 3.6%/yr #5/6 | 3.9% #2/6 | 0.540 #5/6 |
| Clinton County, NY | 78,493 | $71,272 | 4.4%/yr | 4.1% | 0.531 |
| Essex County, NY | 36,973 | $72,203 | 3.8%/yr | 4.0% | 0.513 |
| St. Lawrence County, NY | 100,889 | $62,697 | 4.0%/yr | 5.3% | 0.554 |
| Hamilton County, NY | 5,089 | $68,196 | 3.6%/yr | 4.4% | 0.504 |
| Grand Isle County, VT | 7,454 | $97,874 | 5.4%/yr | 3.1% | 0.483 |
Conclusion
Considering all these factors, Franklin County, New York has an overall wealth index grade of D, making it somewhat worse than New York, and somewhat worse than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Franklin County, New York.
How Rich Is Franklin County, New York?
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 $65,925, about 24% lower than the New York average of $86,556.
How fast is household income rising in Franklin County, New York?
Between 2009 and 2024, the median household income in Franklin County, New York rose 62%, from $40,651 to $65,925. Over the same years, income here outpaced New York as a whole: +62% against +56%.
What was the median household income in Franklin County in 2023?
In 2023, the median household income in Franklin County, New York was $64,109, up 6% from $60,289 in 2022. The New York median that year was $85,199.
What was the median household income in Franklin County in 2020?
In 2020, the median household income in Franklin County, New York was $52,756. By 2024 it had risen 25% to $65,925.
Is unemployment high in Franklin County, New York?
Unemployment in Franklin County, New York is only 3.9%, well below the New York rate of 6.4%, a sign of a tight labor market where employers compete for workers.
What is the Gini coefficient in Franklin County, New York?
The Gini coefficient in Franklin County is 0.540. 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, New York?
Since 2009, the income gap between men and women in Franklin County, New York has narrowed from about 22% to 11% in 2024. Over that period the gap was widest at 23% in 2012, and was narrowest at 6% in 2023. In dollar terms, the gap has narrowed by $2,819 since 2009.
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