ExecutivePulse
Official Federal Data

Franklin County, Nebraska

FIPS 31061 · Population 2,846
9 Sources Updated June 22, 2026
$60,195
Median Income
$80,734 national
2.7%
Unemployment
4% national
$125M
GDP
21.3%
Bachelor's+
35.7% national
Small population: 2,846 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
$60,195
Per Capita
$41,294
Mean Household
$91,009
Poverty Rate
12.3% approx.
Median Income Comparison
Franklin County$60,195
Nebraska$76,475
National$80,734

Population Profile

Source: Census Bureau ACS 2020-2024 · Tables B01001, B02001, B03003
65+: 28.1% (800 residents) 55-64: 15.8% (451 residents) 35-54: 20.4% (582 residents) 18-34: 15.4% (437 residents) Under 18: 20.2% (576 residents) 49 Median Age
Cohorts
Under 18 · 20.2%
18-34 · 15.4%
35-54 · 20.4%
55-64 · 15.8%
65+ · 28.1%
Race & Ethnicity
White93.7%
Black or African American0.2%
Asian0%
Hispanic or Latino(any race)3.5%
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+
93.7%
High School+
National: 89.6%
▲ +4.1 pts
21.3%
Bachelor's+
National: 35.7%
▼ 14.4 pts
6.5%
Graduate+
National: 14.1%
▼ 7.6 pts

Employment Overview

Source: U.S. Census Bureau · American Community Survey 2020-2024 5-Year Estimates
2,846
Population
1,353
Labor Force
Employed
1,317
Unemployment Rate BLS LAUS 2025 annual
2.7%
Mean Commute 7 min below national avg
19.2 min
Work From Home vs 15.1% national
4.3%
Key Takeaways
  • Income gap: Households earn meaningfully less than the national median, which directly affects retail demand, housing absorption, and tax base.
  • Talent gap: Bachelor's-or-higher attainment trails the national average by 14.4 pts, relevant for advanced-services attraction strategy.
  • Aging population: Median age of 49 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

$125M
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, Nebraska, with employment, share of top sectors, and average wage
IndustryEmploymentShare of Top 10Avg Wage
1Retail Trade
100 43.1%
$26,548
2Health Care and Social Assistance
56 24.1%
$40,807
3Finance and Insurance
38 16.4%
$53,195
4Accommodation and Food Services
38 16.4%
$14,458
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Key Takeaways
  • Largest sector: Retail Trade employs 100 workers (43.1% of tracked sectors), at an average wage of $26,548.
  • Economic scale: Regional GDP of $125M (2024).
  • Wage stratification: Finance and Insurance averages $53,195 while Accommodation and Food Services averages $14,458, a 3.7x 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).
Crop Production
20.29x
54
Gasoline Stations and Fuel Dealers
5.88x
31
Repair and Maintenance
2.45x
18

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
54
Cluster Employment
20.29x
Peak LQ
Concentrated Sub-Sectors
Crop Production
20.29x 54
Gasoline Stations and Fuel Dealers
5.88x 31
Repair and Maintenance
2.45x 18
Key Takeaways
  • Top specialization: Crop Production concentrates at 20.29x 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
$95,600
Median Home Value vs 2019
$691
Rent/Mo
83.2%
Owner-Occ
15.5%
Vacancy
1.6x
Home Value to Income Ratio - Affordable
vs. ~4.1x national average

HUD Fair Market Rents

Source: HUD · Fair Market Rents FY2026
Studio
$666/mo
1 Bedroom
$732/mo
2 Bedroom
$961/mo
3 Bedroom
$1,187/mo
4 Bedroom
$1,284/mo
30% of monthly median household income (~$1,505/mo) · rents above this line are typically considered cost-burdened.
Key Takeaways
  • Affordable market: Home value to income ratio of 1.6x is well below the ~4.1x national average; supports talent attraction and family settlement narratives.
  • High home ownership: 83.2% owner-occupied; rental supply may be tight for incoming workers.
  • Elevated vacancy: 15.5% 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 (~$1,505/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
1,470
Working Age (18-64) vs 2019
Mean Commute 7 min below national avg
19.2 min
Work From Home vs 15.1% national
4.3%
Prime-Age Employed (25-54)
80.6%
of prime-age population
Labor force participation rate: 59.6% of working-age population (18-64) 60% Participation
▼ vs 2019

Education & Talent Pipeline

Source: Census ACS 2020-2024 · Table B15003 · College Scorecard
Bachelor's+
21.3%
HS Diploma+
93.7%
Regional / Statewide Institutions
Total credentials awarded
20,331/yr
University of Nebraska-Lincoln 6,113/yr
University of Nebraska at Omaha 3,604/yr
Bellevue University 3,235/yr
Creighton University 2,955/yr
Central Community College 2,601/yr
Metropolitan Community College Area 1,823/yr

Aging Workforce

Source: Census Bureau ACS · Derived from age & employment tables
30.7%
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
35.8%
Service
17.1%
Sales & Office
16%
Construction / Maint.
16.2%
Production / Transport
15%
Bars scaled 2× for visual differentiation; percentage labels show actual share of 1,317 employed workers.
Key Takeaways
  • Succession risk is real: 30.7% of working-age residents are 55-64. Plan for retirements over the next decade and pair attraction strategy with talent retention.
  • Low participation: 59.6% labor force participation suggests untapped capacity; workforce development programs may unlock supply.
  • Short commutes: 19.2-minute mean commute is a quality-of-life and labor-access advantage worth surfacing for site selectors.
  • Talent pipeline: 6 regional institutions feed the workforce; the top three combined produce 12,952 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 crop production attraction, with a 20.29x concentration and 54 jobs in this sub-sector. It ranks in the top decile nationally. Near-term succession risk is elevated, with 30.7% of the working-age population within 10 years of retirement age.

The interconnected base across crop production, 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, Nebraska, from federal data sources.

What is the population of Franklin County, Nebraska?

2,846 (U.S. Census Bureau, ACS 5-Year Estimates).

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

$60,195 (U.S. Census Bureau, ACS 5-Year Estimates).

What is the unemployment rate in Franklin County, Nebraska?

2.7% (2025 annual average, U.S. Bureau of Labor Statistics, LAUS).

What is the GDP of Franklin County, Nebraska?

$125M (U.S. Bureau of Economic Analysis, CAGDP1).