Franklin County, Indiana
Demographics & Population
Census Bureau American Community Survey 2020-2024 · 5-Year Estimates
Household Income
Population Profile
Educational Attainment
Employment Overview
- Talent gap: Bachelor's-or-higher attainment trails the national average by 16.2 pts, relevant for advanced-services attraction strategy.
- Aging population: Median age of 42 is materially above the U.S. norm; succession planning and senior-services demand are real factors.
Economy & Industry
Bureau of Labor Statistics QCEW · Bureau of Economic Analysis
- Largest sector: Manufacturing employs 805 workers (34.3% of tracked sectors), at an average wage of $61,602.
- Economic scale: Regional GDP of $773M (2024).
- Wage stratification: Wholesale Trade averages $88,342 while Retail Trade averages $31,893, a 2.8x spread in the same local economy, with implications for workforce development and talent strategy.
EP customers get year-over-year deltas, WARN notices, and SEC filings for every sector tracked above, surfaced as proactive alerts, not after-the-fact news.
Industry Concentration
Location Quotient measures regional specialization vs. national average. LQ > 1.0 = concentrated.
Cluster Depth
- Top specialization: Wood Product Manufacturing concentrates at 2.83x the national norm.
- Cluster depth: 6 sub-sectors register LQ ≥ 1.5, suggesting an interconnected industrial base rather than reliance on a single employer or sector.
Housing & Affordability
Census ACS · HUD Fair Market Rents FY2026
Housing Overview
HUD Fair Market Rents
- In line with national: Home value to income ratio of 3.2x sits near the ~4.1x national average; affordability is neither a clear advantage nor a recruitment friction.
- High home ownership: 81.5% owner-occupied; rental supply may be tight for incoming workers.
- Broadly affordable rents: All 5 HUD Fair Market Rent bedroom tiers sit below the 30%-of-median-income affordability threshold (~$1,952/mo), a clear cost-of-living advantage for workforce attraction.
Workforce Pipeline
Labor force readiness, commuting, and workforce composition
Labor Market Overview
Education & Talent Pipeline
Aging Workforce
Workforce by Occupation
- Succession risk is real: 25.5% of working-age residents are 55-64. Plan for retirements over the next decade and pair attraction strategy with talent retention.
- Talent pipeline: 6 regional institutions feed the workforce; the top three combined produce 59,581 annual credentials.
AI Insights
AI-assisted analysis, drawn from 9 federal data sources
Franklin County shows emerging potential for wood product manufacturing attraction, with a 2.83x concentration and 33 jobs in this sub-sector. Near-term succession risk is elevated, with 25.5% of the working-age population within 10 years of retirement age.
The interconnected base across wood product manufacturing, food and beverage retailers, and transit and ground passenger transportation creates supply-chain attraction leverage rather than single-employer risk, a structural advantage for industrial recruitment.
Industry Shift Analysis
Prospect Match Scores
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Schedule a DemoData Sources
Updated from official federal government data.
Frequently Asked Questions
Key economic and demographic figures for Franklin County, Indiana, from federal data sources.
What is the population of Franklin County, Indiana?
23,020 (U.S. Census Bureau, ACS 5-Year Estimates).
What is the median household income in Franklin County, Indiana?
$78,074 (U.S. Census Bureau, ACS 5-Year Estimates).
What is the unemployment rate in Franklin County, Indiana?
3.3% (2025 annual average, U.S. Bureau of Labor Statistics, LAUS).
What is the GDP of Franklin County, Indiana?
$773M (U.S. Bureau of Economic Analysis, CAGDP1).