Franklin, a town in Tennessee, has a population of approximately 70,000. The city's population, with an average age of 38, skews younger than most cities in Tennessee. Home ownership is more common than renting in the area, and 32% of residents rent. Relatively high rent costs could be playing a role, as the average rent of $1,351 a month is substantially higher than the state average of $883.
Franklin has a high number of residents older than 25 with advanced degrees compared to the national average (7%), as 12% have earned a Master's or a Doctorate. In addition, 24% possess a Bachelor's degree, which also outpaces the national average. Franklin residents have a wide range of industries from which to choose. The four most common are healthcare, retail, scientific, and entertainment. Combined, these industries account for 27% of the city's labor force. Meanwhile, looking at job function, 11% of the city's population works in management, which ranks as the top field in the city. Franklin workers earn an average annual income of around $103K, more than their peers elsewhere in Tennessee. Franklin's average income also compares favorably to the national average ($73,345).
Franklin residents have an average commute of about 26 minutes. Driving a vehicle is the prevailing way to get to work, opted for by 46% of residents, while public transportation is not widely used. Walking isn't a common way to get to work.