ExecutivePulse
Official Federal Data

Franklin County, Mississippi

FIPS 28037 · Population 7,622
9 Sources Updated June 22, 2026
$52,939
Median Income
$80,734 national
5.1%
Unemployment
4% national
$252M
GDP
19%
Bachelor's+
35.7% national
Small population: 7,622 residents. These figures come from the U.S. Census Bureau’s American Community Survey 5-year estimates, which carry a wide margin of error for places under 20,000 people. Read each value as an approximate range, and treat year-over-year changes as indicative rather than exact. A small shift can reflect survey sampling, not a real change on the ground.

Demographics & Population

Census Bureau American Community Survey 2020-2024 · 5-Year Estimates

Household Income

Source: U.S. Census Bureau · American Community Survey 2020-2024 5-Year Estimates
Median Household
$52,939
Per Capita
$33,131
Mean Household
$73,629
Poverty Rate
25.4% approx.
Median Income Comparison
Franklin County$52,939
Mississippi$56,447
National$80,734

Population Profile

Source: Census Bureau ACS 2020-2024 · Tables B01001, B02001, B03003
65+: 21.5% (1,641 residents) 55-64: 14.1% (1,072 residents) 35-54: 24.2% (1,843 residents) 18-34: 17.1% (1,302 residents) Under 18: 23.1% (1,764 residents) 42 Median Age
Cohorts
Under 18 · 23.1%
18-34 · 17.1%
35-54 · 24.2%
55-64 · 14.1%
65+ · 21.5%
Race & Ethnicity
White62.4%
Black or African American35%
Asian0%
Hispanic or Latino(any race)1.1%
Hispanic or Latino is an ethnic category and overlaps with the race categories above.

Educational Attainment

Source: Census Bureau ACS 2020-2024 · Table B15003 · Population 25+
87.7%
High School+
National: 89.6%
▼ 1.9 pts
19%
Bachelor's+
National: 35.7%
▼ 16.7 pts
9.2%
Graduate+
National: 14.1%
▼ 4.9 pts

Employment Overview

Source: U.S. Census Bureau · American Community Survey 2020-2024 5-Year Estimates
7,622
Population
2,924
Labor Force
Employed
2,808
Unemployment Rate BLS LAUS 2025 annual
5.1% ▲ +1.0 pts YoY
Mean Commute 7 min above national avg
33.4 min
Work From Home vs 15.1% national
2.8%
Key Takeaways
  • Income gap: Households earn meaningfully less than the national median, which directly affects retail demand, housing absorption, and tax base.
  • Elevated poverty: At 25.4%, the rate is in economically distressed territory and supports federal funding narratives (CDFI, NMTC, EDA).
  • Talent gap: Bachelor's-or-higher attainment trails the national average by 16.7 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

$252M
Gross Domestic Product · 2024
Source: Bureau of Economic Analysis · CAGDP1 Regional GDP

Top Industries by Employment

Source: Bureau of Labor Statistics · Quarterly Census of Employment & Wages 2025 Annual
Top industries by employment in Franklin County, Mississippi, with employment, share of top sectors, and average wage
IndustryEmploymentShare of Top 10Avg Wage
1Transportation and Warehousing
200 36.7%
$62,114
2Retail Trade
179 32.8%
$30,313
3Agriculture, Forestry, Fishing and Hunting
112 20.6%
$51,773
4Other Services (except Public Administration)
32 5.9%
$49,550
5Professional, Scientific, and Technical Services
22 4.0%
$40,306
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Key Takeaways
  • Largest sector: Transportation and Warehousing employs 200 workers (36.7% of tracked sectors), at an average wage of $62,114.
  • Economic scale: Regional GDP of $252M (2024).
  • Wage stratification: Transportation and Warehousing averages $62,114 while Retail Trade averages $30,313, a 2.0x spread in the same local economy, with implications for workforce development and talent strategy.
Source: BLS QCEW + BEA Regional GDP.
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Industry Concentration

Location Quotient measures regional specialization vs. national average. LQ > 1.0 = concentrated.

Location Quotient Analysis

Concentrated Industries
Source: BLS QCEW · 3-digit NAICS sub-sector · Location Quotient vs. national employment share
Same source as the Top Industries table above, sub-sector view surfaces the specialization the supersector view masks (e.g., Plastics & Rubber Manufacturing inside the Manufacturing supersector).
Forestry and Logging
241.45x
109
Gasoline Stations and Fuel Dealers
6.00x
62
Repair and Maintenance
1.67x
24

Cluster Depth

Source: BLS QCEW · Sub-sectors with LQ ≥ 1.5 indicate genuine cluster concentration
Dominant Cluster
Agriculture, Forestry, Fishing & Hunting Cluster
Coherent grouping of concentrated sub-sectors, signals supply-chain fit for site selectors
109
Cluster Employment
241.45x
Peak LQ
Concentrated Sub-Sectors
Forestry and Logging
241.45x 109
Gasoline Stations and Fuel Dealers
6.00x 62
Repair and Maintenance
1.67x 24

Attraction Opportunities

LQ < 0.5 with ≥ 50 employed, realistic diversification targets. Source: BLS QCEW
Key Takeaways
  • Top specialization: Forestry and Logging concentrates at 241.45x the national norm, top-decile concentration, the kind of signature sector that defines a region's economic identity to site selectors.
  • Cluster depth: 3 sub-sectors register LQ ≥ 1.5, suggesting an interconnected industrial base rather than reliance on a single employer or sector.
Source: BLS QCEW sub-sector Location Quotients.
Franklin County's Top Sectors by Workforce Share
Each rectangle's area is proportional to that sector's share of total private-sector employment across all NAICS supersectors. Hover for exact employment.
Source: Bureau of Labor Statistics QCEW 2025 Annual · Private sector, NAICS supersectors

Housing & Affordability

Census ACS · HUD Fair Market Rents FY2026

Housing Overview

Source: Census Bureau ACS 2020-2024 5-Year Estimates · Tables B25001, B25077, B25064
$101,900
Median Home Value vs 2019
$725
Rent/Mo
81.7%
Owner-Occ
29%
Vacancy
1.9x
Home Value to Income Ratio - Affordable
vs. ~4.1x national average

HUD Fair Market Rents

Source: HUD · Fair Market Rents FY2026
Studio
$727/mo
1 Bedroom
$759/mo
2 Bedroom
$842/mo
3 Bedroom
$1,115/mo
4 Bedroom
$1,118/mo
30% of monthly median household income (~$1,323/mo) · rents above this line are typically considered cost-burdened.
Key Takeaways
  • Affordable market: Home value to income ratio of 1.9x is well below the ~4.1x national average; supports talent attraction and family settlement narratives.
  • High home ownership: 81.7% owner-occupied; rental supply may be tight for incoming workers.
  • Elevated vacancy: 29% vacancy rate. In resort, rural, and seasonal markets much of this is recreational/seasonal (second homes), not available supply; confirm the vacancy-by-reason split before treating it as a redevelopment opportunity.
  • Broadly affordable rents: All 5 HUD Fair Market Rent bedroom tiers sit below the 30%-of-median-income affordability threshold (~$1,323/mo), a clear cost-of-living advantage for workforce attraction.
Source: Census ACS housing tables + HUD Fair Market Rents.

Workforce Pipeline

Labor force readiness, commuting, and workforce composition

Labor Market Overview

Source: Census ACS 2020-2024 · Tables B01001, B23025, B08303, B08301
4,217
Working Age (18-64) vs 2019
Mean Commute 7 min above national avg
33.4 min
Work From Home vs 15.1% national
2.8%
Prime-Age Employed (25-54)
66%
of prime-age population
Labor force participation rate: 49.9% of working-age population (18-64) 50% Participation
▲ vs 2019

Education & Talent Pipeline

Source: Census ACS 2020-2024 · Table B15003 · College Scorecard
Bachelor's+
19%
HS Diploma+
87.7%
Regional / Statewide Institutions
Total credentials awarded
24,725/yr
University of Mississippi 5,849/yr
Mississippi State University 5,774/yr
Hinds Community College 4,168/yr
University of Southern Mississippi 3,768/yr
Mississippi Gulf Coast Community College 3,406/yr
Jackson State University 1,760/yr

Aging Workforce

Source: Census Bureau ACS · Derived from age & employment tables
25.4%
55-64 of working-age population (18-64)
Elevated retirement risk, above the 20% threshold. Succession planning recommended.

Workforce by Occupation

Source: Census ACS 2020-2024 · Table C24010 · Civilian employed population 16+
Management / Professional
41.2%
Service
11.9%
Sales & Office
20.2%
Construction / Maint.
9.7%
Production / Transport
17.1%
Bars scaled 2× for visual differentiation; percentage labels show actual share of 2,808 employed workers.
Key Takeaways
  • Succession risk is real: 25.4% of working-age residents are 55-64. Plan for retirements over the next decade and pair attraction strategy with talent retention.
  • Low participation: 49.9% labor force participation suggests untapped capacity; workforce development programs may unlock supply.
  • Talent pipeline: 6 regional institutions feed the workforce; the top three combined produce 15,791 annual credentials.
Source: ACS workforce data and College Scorecard.

AI Insights

AI-assisted analysis, drawn from 9 federal data sources

Sample AI Insight

Franklin County shows strong potential for forestry and logging attraction, with a 241.45x concentration and 109 jobs in this sub-sector. It ranks in the top decile nationally. Near-term succession risk is elevated, with 25.4% of the working-age population within 10 years of retirement age.

The interconnected base across forestry and logging, gasoline stations and fuel dealers, and repair and maintenance creates supply-chain attraction leverage rather than single-employer risk, a structural advantage for industrial recruitment.

Industry Shift Analysis

Manufacturing Automation Risk
High
Healthcare Growth Forecast
+4.2% CAGR
Remote Work Migration
67/100

Prospect Match Scores

Advanced Manufacturing
92/100
Life Sciences
84/100
Data Centers
71/100
Illustrative example

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Data Sources

Updated from official federal government data.

Census ACS 5-Year2024
BLS QCEW2025 annual
BLS LAUS (via FRED)2025 annual
BEA Regional GDP2024
Census CBP2023
HUD Fair Market RentsFY2026
FCC Broadband Map2024
USAspending.govFY2026
College ScorecardAY 2022-23

Frequently Asked Questions

Key economic and demographic figures for Franklin County, Mississippi, from federal data sources.

What is the population of Franklin County, Mississippi?

7,622 (U.S. Census Bureau, ACS 5-Year Estimates).

What is the median household income in Franklin County, Mississippi?

$52,939 (U.S. Census Bureau, ACS 5-Year Estimates).

What is the unemployment rate in Franklin County, Mississippi?

5.1% (2025 annual average, U.S. Bureau of Labor Statistics, LAUS).

What is the GDP of Franklin County, Mississippi?

$252M (U.S. Bureau of Economic Analysis, CAGDP1).