Williamson County · Tennessee · South · 87k residents
Franklin, TN: economy, jobs & business costs
The site-selection read on Franklin: labor costs, talent, corporate tax, energy, and business activity, with the Tennessee 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 $1,738/wk. Tennessee's corporate income tax rate is 6.5%. Commercial electricity averages 12.1¢/kWh.
Compare Franklin side by side
Avg. weekly wage
$1,738/wk
Corporate income tax
6.5%
Bachelor's degree or higher
64.5%
Commercial electricity
12.1¢/kWh
Economic momentum
How fast Franklin's economy is moving, ranked against the US cities we track.
53/100
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 | $705,400 |
| Price per sq. ft. | $190 |
| Property tax rate | 0.65% |
| 1-bedroom rent | $1,782/mo |
| 2-bedroom rent | $1,955/mo |
| State & local income tax | 0% |
| Sales tax | 9.55% |
| Corporate income tax | 6.5% |
| Avg. weekly wage | $1,738/wk |
| Bachelor's degree or higher | 64.5% |
| Commercial electricity | 12.1¢/kWh |
| Businesses per 1k residents | 50.2/1k |
| Wage: Software developer | $126,610 |
| Wage: Registered nurse | $84,040 |
| Wage: General manager | $119,990 |
| Wage: Customer service | $45,510 |
| Wage: Warehouse worker | $38,190 |
| Wage: Heavy truck driver | $60,630 |
| Wage: Electrician | $63,340 |
| Wage: Retail salesperson | $34,420 |
| Cost of living index | 122 |
| Groceries index | 96 |
| Utilities | $160/mo |
| Transit pass | $65/mo |
| Gas price | $2.95/gal |
| Healthcare index | 92 |
| Childcare (per child) | $900/mo |
| Median household income | $119,528 |
| Unemployment rate | 3.3% |
| Population | 87k |
| Crime index | 70/100 |
| School rating | 5.3/10 |
| Walkability | 34/100 |
| Disaster risk | 85/100 |
| Avg. commute | 26 min |
| Sunny days / year | 205 days |
| July high | 91°F |
| January low | 29°F |
| Annual snowfall | 2 in |
| Home price YoY | +1.4% |
| Home price MoM | -0.3% |
| Rent YoY | +3.0% |
| Rent MoM | +0.6% |
| Employment (jobs) YoY | +1.2% |
| Building permits YoY | -38.2% |
| Ocean coast | 384 mi |
| Big lake | 86 mi |
| Mountains | 107 mi |
| Major airport | 18 mi |
| Ski resort | 188 mi |
Popular comparisons
Nearby
- Brentwood, TN · 46k
- Nolensville, TN · 15k
- Spring Hill, TN · 56k
- Nashville, TN · 690k
- La Vergne, TN · 40k
Similar size
- Johnson City, TN · 72k
- Jackson, TN · 68k
- Hendersonville, TN · 63k
- Bartlett, TN · 57k
- Smyrna, TN · 57k
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?
- Tennessee's corporate income tax rate is 6.5%; average weekly wages in the surrounding labor market run $1,738/wk; commercial electricity averages 12.1¢/kWh. Weigh these against your own priorities in the business comparison tool.
- What is the cost of living in Franklin, TN?
- Franklin indexes at 122 for day-to-day costs against a national baseline of 100, with a typical two-bedroom renting for $1,955/mo and a acs median home value of $705,400.
- How much does a house cost in Franklin?
- The acs median home value in Franklin is $705,400 (Census ACS estimate; individual listings vary).
- How much is rent in Franklin?
- A two-bedroom in Franklin rents for about $1,955/mo.