CITY OF FRANKLIN, IN - BACKGROUND INFORMATION

The City of Franklin is located approximately 20 miles south of Indianapolis, and serves as the Johnson County seat. The community's proximity to Indianapolis and strong local economy make it one of the state's fastest growing cities. The 2010 population is 23,712 residents. The chart below shows the recent population growth and projected growth through 2020. Click here for a detailed demographic analysis for the city.

 

COMMUNITY PROFILE

According to the U. S. Bureau of the Census, the 2010 population of the City of Franklin was 23,712 persons. Of that figure, 26.3% (6,237) were under the age of 18, while 14.6% (3,464) were over the age of 65. The median age of Franklin residents was 33.2 years, compared with an Indiana median of 36.6 years. Overall, the population for Franklin is still growing, but the rate of growth has slowed to a more natural level and the diversity of the city has slightly increased since the 2000 Census. The following characteristics describe the community's population.....

 

  • Ethnic Composition: 93.8% Caucasian, 2.5% Hispanic, 1.3% African-American, & 2.4% Other (compared with 81.6% Caucasian, 9% African-American, & 6% Hispanic for the State as a whole);

  • Households: 8,885 with 2.54 persons per household;

WORKFORCE CHARACTERISTICS

The workforce for any community is composed of the city population between the ages of 16 and 64. The workforce comparison of Franklin is broken down to identify the age of the workforce. The age cohort from 16 to 18 years is typically composed of high school students working part time. The impact of part time employees, due to full time college students, in the 19 to 24 age group must also be taken into consideration when viewing the raw population in the workforce.

 

The workforce of Franklin is concentrated in the ages of 25 to 44, which is typical of competitor cities, as well as the county and region. Workforce age distribution is illustrated in in the chart below. The percentage of the total population in the workforce (61.8%), compared to a regional average of 64%. The number of persons that compose the workforce for Franklin is 14,680 as of the 2010 Census.

INDUSTRIAL SNAPSHOT

The composition of Franklin industry is concentrated into a few sectors, as is the case in surrounding communities as well as the Indianapolis Metropolitan Area. These concentrations arise from the continuing reliance upon a traditional industrial base, and the current shift toward service orientated firms, as well as retail trade. Current focus of many municipalities has been to rebuild the traditional manufacturing base, which has deserted them in the past. Franklin's industrial base has remained local for many years, and recently the city has seen an increase in some non-traditional industrial firms.

The industry located in Franklin is which has historically been concentrated into manufacturing firms has declined significantly between 2002 and 2007, with a loss of over 500 employees in that sector alone.  The total number of employees is up, however, over that same time period indicating a shift from manufacturing into other areas.  The sectors with the largest increases over that time span are 1)Professional, Scientific, and technical services, 2) Administrative, Support, Waste Management and Remediation Services, and 3)Accommodation and Food Services, with each adding over 240 workers.  Average hourly incomes have also risen by just under $2.00/hour from 2002 to 2007.

NAICS Code
Subsection
Description # Sales Receipts
Annual Payroll
Employees Hourly Weekly Annually
31 - 33  
Manufacturing
42
$1,019,036,000
$131,212,000
3,068
$20.56 $822.46 $42,768
42   Wholesale trade 24
$92,778,000
$11,890,000
227
$25.18 $1,007.29 $52,379

423
Merchant wholesalers, durable goods 19
$85,209,000
$10,458,000
183
$27.47
$1,098.99 $57,148
  424
Merchant wholesalers, nondurable goods 5
$7,569,000
$1,432,000
44
$15.65
$625.87
$32,545
44 - 45   Retail trade 78
$341,056,000
$32,908,000
1,436 $11.02 $440.70 $22,196

441
Motor vehicle and parts dealers
11
$65,342,000
$5,237,000
150
$16.79 $671.41 $34,913

444
Building material and garden equipment and supplies dealers
8
$66,926,000
$7,321,000
386
$9.12 $364.74 $18,966

446
Health and personal care stores
9
$32,854,000
$3,465,000
127 $13.12 $524.68 $27,283

447
Gasoline stations
11
$48,656,000
$1,121,000
75
$7.19 $287.44 $14,947

448
Clothing and clothing accessories stores
3
$1,114,000
$236,000
15
$7.56 $302.56 $15,733
  451
Sporting goods, hobby, book, and music stores
5
$1,181,000
$110,000
13 $4.07 $162.72 $8,462
53  
Real estate and rental and leasing
22
$11,663,000
$1,584,000
90
$8.46 $338.46 $17,600
  531
Real estate
14
$8,257,000
$920,000
45
$9.83 $393.16 $20,444
  532
Rental and leasing services
8
$3,406,000
$664,000
45 $7.09 $283.76 $14,756
54  
Professional, scientific, and technical services
43
$17,773,000
$6,565,000
211 $14.96 $598.34 $31,114
56  
Administrative, support, waste management and remediation services
21
$15,000,000
$9,393,000
457
$9.88 $395.26 $20,554
62  
Health care and social assistance
85
$196,859,000
$83,469,000
2766
$14.51 $580.32 $30,177
  621
Ambulatory health care services
56
$58,496,000
$25,606,000
836
$14.73 $589.02 $30,692

623
Nursing and residential care facilities
7
$9,395,000
$3,540,000
163
$10.44 $417.65 $21,718
71  
Arts, entertainment, and recreation
11
$6,497,000
$2,225,000
97
$11.03 $441.12 $22,938
72  
Accommodation and food services
57
$40,524,000
$11,461,000
1095
$5.03 $201.28 $10,467
81  
Other services (except public administration)
46
$16,537,000
$4,590,000
195
$11.32 $452.66 $23,358
  811
Repair and maintenance
17
$7,665,000
$2,628,000
78
$16.20 $647.93 $33,692
  812
Personal and laundry services
14
$2,752,000
$489,000
53
$4.44 $177.43 $9,226

813
Religious, civic, professional, and similar organizations
15
$6,120,000
$1,473,000
64
$11.07
$442.61 $23,016

  City Totals/Averages
429 $1,757,723,000
$295,297,000 9,642 $11.53 $461.29 $23,986.87