Franklin County, Texas 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.
-
C
Franklin County Below averageWealthier than 73% of counties in Texas
Source: Map AI Methodology
Income Statistics Overview
| Metric | Franklin County | Texas Avg | US Average |
|---|---|---|---|
| Median Household Income | $71,473 | $78,939 | $80,455 |
| Median Personal Income | $54,204 | $56,913 | $60,758 |
| Average Yearly Income Growth | 7.1% | 4.6% | 4.8% |
| Six-Figure Earners | 11.6% | 13.0% | 13.9% |
| $200k+ Households | 13.9% | 12.5% | 13.2% |
The median household income in Franklin County is about 9% lower than in Texas. Income has been growing faster in Franklin County (7.1%/yr) than in Texas (4.6%/yr).
About 12% of adults in Franklin County earn six figures ($100,000 or more) a year, lower than the Texas average of 13%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Franklin County, Texas grew by 62.1% from 2009 to 2024, reaching $71,473 in 2024. That's an average of about 7.1% per year.
Income Inequality and the Gender Pay Gap in Franklin County
| Metric | Franklin County | Texas Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.541 | 0.570 | 0.552 |
| Male Median Income | $68,905 | $66,147 | $69,667 |
| Female Median Income | $54,344 | $53,058 | $56,850 |
| Gender Pay Gap | 21.1% | 19.8% | 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 0.541, lower than Texas's 0.570, 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 27% more than women's income in Franklin County, Texas. Over a 35-year career, a 27% wage gap accumulates to roughly $509,635 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, Texas has widened from about -2% to 21% in 2024. Over that period the gap was widest at 40% in 2017, and in 2010 women out-earned men by 16%. In dollar terms, the gap has widened by $15,351 since 2009.
Employment
| Metric | Franklin County | Texas Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.4% | 5.2% | 5.2% |
| Working from Home | 15.2% | 14.4% | 15.0% |
| Commute time (minutes) | 18 | 22 | 22 |
Approximately 218 people are unemployed in Franklin County, Texas.
The average commute time in Franklin County is 18 minutes, shorter than the 22 minutes in Texas.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Franklin County, Texas has fallen from 7.8% to 4.4% in 2024.
Franklin County, TX Wealth Compared With Nearby Counties
Franklin County, TX is the smallest of the 6 counties compared here, 10,632 residents against a local median of 31,363. Where Franklin County, TX breaks from the counties next to it is income growth, sitting 71% above the local median of 4.1%/yr at 7.1%/yr. That is the better end of the local range on this measure.
Median household income tells the same story from another angle: $71,473 against a local median of $58,598, 22% above it. Every measure here with a clear better direction points the same way, so Franklin County, TX is not trading one advantage for another, it reads stronger than its neighbours across the board. The counties themselves spread 2.5%/yr on income growth, so Franklin County, TX sits at one end of an already wide local range rather than apart from it. Franklin County, TX has the 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, TX | 10,632 | $71,473 #1/6 | 7.1%/yr #1/6 | 4.4% #4/6 | 0.541 #1/6 |
| Titus County, TX | 31,363 | $58,598 | 3.4%/yr | 3.1% | 0.551 |
| Camp County, TX | 12,798 | $58,282 | 4.8%/yr | 5.7% | 0.561 |
| Hopkins County, TX | 37,784 | $69,823 | 5.5%/yr | 4.0% | 0.541 |
| Wood County, TX | 46,961 | $60,416 | 3.0%/yr | 6.3% | 0.557 |
| Red River County, TX | 11,611 | $48,038 | 4.1%/yr | 2.0% | 0.559 |
Conclusion
Considering all these factors, Franklin County, Texas has an overall wealth index grade of C, making it about on par with Texas, and about on par with the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Franklin County, Texas.
How Rich Is Franklin County, Texas?
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 $71,473, about 9% lower than the Texas average of $78,939.
Are incomes growing in Franklin County, Texas?
Between 2009 and 2024, the median household income in Franklin County, Texas rose 62%, from $44,081 to $71,473. Over the same years, income here lagged behind Texas as a whole: +62% against +64%.
What was the median household income in Franklin County in 2023?
In 2023, the median household income in Franklin County, Texas was $63,635, down 4% from $66,310 in 2022. The Texas median that year was $76,528.
What was the median household income in Franklin County in 2020?
In 2020, the median household income in Franklin County, Texas was $59,289. By 2024 it had risen 21% to $71,473.
What is the Gini coefficient in Franklin County, Texas?
The Gini coefficient in Franklin County is 0.541. 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, Texas?
Since 2009, the income gap between men and women in Franklin County, Texas has widened from about -2% to 21% in 2024. Over that period the gap was widest at 40% in 2017, and in 2010 women out-earned men by 16%. In dollar terms, the gap has widened by $15,351 since 2009.
Analyze any area in the US
Get local demographics for any address, aggregated by drive time or radius, on the interactive map.
Explore the map →