Franklin — Financial Data

8,212 Population FY 2023

Data comparability note: Virginia independent city — provides county-level services (courts, social services, schools) not included in city budgets elsewhere. Per-capita figures are not directly comparable to cities in other states.

Community Profile

Census Bureau ACS 5-year estimates

16.7% Poverty Rate 2023

26.4% Bachelor's+ Rate 2023

4.7% Unemployment Rate 2023

53.4% Homeownership Rate 2023

Median Household Income

$65,125 (2023)

2010 2023

Per Capita Income

$31,838 (2023)

2010 2023

Median Home Value

$227,200 (2023)

2010 2023

Median Gross Rent

$995 (2023)

2010 2023

Median Age

40.5 (2023)

2010 2023

Gini Index

0 = perfect equality · 1 = perfect inequality

0.4 (2023)

2010 2023

Financial Documents (13)

Year	Title	Type
2023	Franklin Census ACS 5-Year Estimates 2023	US_CENSUS_ACS5
2022	Franklin Census ACS 5-Year Estimates 2022	US_CENSUS_ACS5
2021	Franklin Census ACS 5-Year Estimates 2021	US_CENSUS_ACS5
2019	Franklin Census ACS 5-Year Estimates 2019	US_CENSUS_ACS5
2018	Franklin Census ACS 5-Year Estimates 2018	US_CENSUS_ACS5

View all 13 documents →

Governance & Structure

Governance Structure

Structure: Not specified
Fiscal Autonomy: Not specified
ICMA Recognition: —
Notes: None

School Details

Not applicable for this entity type.