Pros and Cons of Living In Franklin, Kentucky. Is Franklin, KY a Nice Place To Live or Retire?

Franklin, Kentucky

Moving to Franklin In Kentucky ? Is Franklin, KY a Nice Place To Live? Pros and Cons of Living in Franklin, Kentucky. Find out the best and worst about to live, raise a family or retire in Franklin.

Franklin is a home rule-class city in and the county seat of Simpson County, Kentucky, United States. The county is located on the south central border of the state, and its population was 10,176 at the 2020 census.

Kentucky Downs, formerly known as Dueling Grounds Racetrack (owned by Corey Johnsen & Ray Reid), is located in Franklin on the Kentucky–Tennessee border. Kentucky Downs hosts the Kentucky Cup Turf Festival, a full card of world-class horse racing featuring four major turf stakes. Kentucky Downs also hosts year-round simulcasts for the Kentucky-Tennessee market.

DEMOGRAPHICS

Population
8909
Unemployment
7.8%
66% NAT AVG.
Poverty
14.9%
6% NAT AVG.
Cost Of Living
86
14% NAT AVG.

ECONOMICS

Median Home Cost
$120900
47% NAT AVG.
Median Income
$45983
32% NAT AVG.
Median Rent
$822
29% NAT AVG.
Overall Score
5

CRIME REPORT

Total Crime
266
25% NAT. AVG.
44% STATE AVG.
Violent Crime
19
46% NAT. AVG.
19% STATE AVG.
Property Crime
247
39% NAT. AVG.
53% STATE AVG.

SOCIO-ECONOMICS

People Living Below BPL
1 in 7
Unemployed People
1 in 13
People Earning < $10,000
1 in 11
People Earning < $50,000
54.6%
People With Any Degree
1 in 4.8

ETHNICITY

Ethnicity Franklin USA
White 76.9% 60.1%
African American 15.9% 12.2%
American Indian 0.2% 0.6%
Asian 1.2% 5.6%
Hawaiian 0% 0.2%
Multiracial 3.2% 2.8%
Hispanic 2.7% 18.2%
Other 0% 0.3%

HOUSEHOLD INCOME

HOUSEHOLD INCOME Franklin USA
Less than $10,000 9.3% 5.8%
$10,000 to $14,999 3.2% 4.1%
$15,000 to $24,999 12.6% 8.5%
$25,000 to $34,999 14.2% 8.6%
$35,000 to $49,999 15.3% 12.0%
$50,000 to $74,999 24.1% 17.2%
$75,000 to $99,999 14% 12.8%
$100,000 to $149,999 5.6% 15.6%
$150,000 to $199,999 1.1% 7.1%

EDUCATION

Education Franklin USA
< 9th Grade 4% 5.0%
9-12th Grade 11% 7.0%
High School or GED 45% 27.0%
Other College 19% 20.0%
Associate's Degree 10% 9%
Bachelor's Degree 8% 20.0%
Master's Degree 3% 9.0%
Professional Degree 0% 2.0%
Doctorate Degree 0% 1.0%
Franklin is a city in Kentucky state in USA with a population of 8909 residents.. The poverty rate of Franklin is 14.9%, which is 6% higher than national average. The typical household in Franklin earns $45983 a year, compared to the national median of $67,500. Nearly 54.6% of households earn less than $50,000 a year compared to 39% national rate. The unemployment rate of Franklin remained 7.8%, which is 66% higher than national rate. Nearly 2 times comparable to 4.7% national rate, according to the Census.

Cost of living in Franklin is 86, which is 14% lower than national average. In Franklin, only 11% of adults have a bachelor's degree and 29% have some college but no degree. Median home value in Franklin is $120900 , which is 47% lower than national average. While median income in Franklin remained $45983, which is 32% lower than national average.
Franklin Scorecard

Jobs50%

Housing60%

Affordability70%

Safety60%

Amenities70%

Diversity80%

Education40%

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