Johnson County · Indiana · Midwest · 26k residents
Franklin, IN: economy, jobs & business costs
The site-selection read on Franklin: labor costs, talent, corporate tax, energy, and business activity, with the Indiana median as the yardstick. Compare it live against any of 3,000 US cities.
Data coverage: ACS place data; supplementary fields may use state estimates.
Average weekly wages in the surrounding labor market run $1,007/wk. Indiana's corporate income tax rate is 4.9%. Commercial electricity averages 12.4¢/kWh.
Compare Franklin side by side
Avg. weekly wage
$1,007/wk
Corporate income tax
4.9%
Bachelor's degree or higher
27.8%
Commercial electricity
12.4¢/kWh
Economic momentum
How fast Franklin's economy is moving, ranked against the US cities we track.
65/100
Steady
Ranks Franklin's residential building-permit and jobs growth against the US cities we cover. The label is relative pace, not a direction, so a market can rank low while some figures still rise. A higher score moves faster, it is not cheaper or better. This is economic activity, not commercial lease rates or vacancy. Not investment or relocation advice.
| ACS median home value | $231,500 |
| Price per sq. ft. | $150 |
| Property tax rate | 0.83% |
| 1-bedroom rent | $822/mo |
| 2-bedroom rent | $975/mo |
| State & local income tax | 4.75% |
| Sales tax | 7% |
| Corporate income tax | 4.9% |
| Avg. weekly wage | $1,007/wk |
| Bachelor's degree or higher | 27.8% |
| Commercial electricity | 12.4¢/kWh |
| Businesses per 1k residents | 25.4/1k |
| Wage: Software developer | $106,870 |
| Wage: Registered nurse | $84,230 |
| Wage: General manager | $120,480 |
| Wage: Customer service | $43,460 |
| Wage: Warehouse worker | $37,120 |
| Wage: Heavy truck driver | $61,980 |
| Wage: Electrician | $65,130 |
| Wage: Retail salesperson | $31,530 |
| Cost of living index | 81 |
| Groceries index | 95 |
| Utilities | $165/mo |
| Transit pass | $60/mo |
| Gas price | $3.20/gal |
| Healthcare index | 95 |
| Childcare (per child) | $900/mo |
| Median household income | $82,380 |
| Unemployment rate | 3.6% |
| Population | 26k |
| Crime index | 45/100 |
| School rating | 5.8/10 |
| Walkability | 30/100 |
| Disaster risk | 75/100 |
| Avg. commute | 24 min |
| Sunny days / year | 190 days |
| July high | 84°F |
| January low | 18°F |
| Annual snowfall | 17 in |
| Home price YoY | +2.0% |
| Home price MoM | 0.0% |
| Rent YoY | +1.3% |
| Rent MoM | -0.4% |
| Employment (jobs) YoY | +1.6% |
| Building permits YoY | -15.7% |
| Ocean coast | 564 mi |
| Big lake | 161 mi |
| Mountains | 285 mi |
| Major airport | 20 mi |
| Ski resort | 66 mi |
Popular comparisons
Nearby
- Greenwood, IN · 66k
- Shelbyville, IN · 20k
- Indianapolis, IN · 886k
- Columbus, IN · 52k
- Plainfield, IN · 36k
Similar size
- East Chicago, IN · 26k
- Greenfield, IN · 25k
- Marion, IN · 28k
- Munster, IN · 24k
- Highland, IN · 24k
Real listings in Franklin
LoopNet ↗Crexi ↗CommercialCafe ↗
Links open third-party listing searches. WhereToHQ has no paid relationship with these sites.
- Is Franklin a good place to run a business?
- Indiana's corporate income tax rate is 4.9%; average weekly wages in the surrounding labor market run $1,007/wk; commercial electricity averages 12.4¢/kWh. Weigh these against your own priorities in the business comparison tool.
- What is the cost of living in Franklin, IN?
- Franklin indexes at 81 for day-to-day costs against a national baseline of 100, with a typical two-bedroom renting for $975/mo and a acs median home value of $231,500.
- How much does a house cost in Franklin?
- The acs median home value in Franklin is $231,500 (Census ACS estimate; individual listings vary).
- How much is rent in Franklin?
- A two-bedroom in Franklin rents for about $975/mo.