Cost Of Living
The cost of living in this region is notably lower than the national average, encompassing everyday goods, housing, utilities, transportation and health care expenses.
Housing
High scores in the housing category are attributed to this area, possibly pointing to a favorable home affordability ratio, robust appreciation rates or elevated home values.
Amenities
A large portion of amenities are not ideally situated within walking distance, potentially requiring residents to utilize a vehicle or public transportation.
Commute
Access to public transportation in this particular area may be limited, which can result in longer-than-average commute times to reach workplaces.
Employment
Low income levels and high unemployment rates results in a low score in the employment category. It could prove difficult to find well-paying employment in this area.
Health & Safety
A low health and safety score may be attributed to factors such as subpar air quality and the unavailability of certain health-related facilities like hospitals, clinics, doctors and pharmacies.
Schools
The lower than average schools score may be influenced by below-average education levels, subpar reading and math scores and the lack of access to local elementary and high schools.
Located in the state of Kentucky, Franklin is a small-sized city with a population of 8,909 people. If we look at the most recent Census, Franklin is known to have a predominantly White population. The next two most common races are Black and Asian. If you're not a fan of traffic congestion and long commute times to work, Franklin is the place to be. Commutes to work here are shorter, with an average one-way commute time taking only 17 minutes, significantly lower than the national average of 26 minutes.
Living in Franklin can be a good experience for anyone moving to the town. Having said that, in the state of Kentucky, there are many desirable places to live, so choose wisely! When searching for a new neighborhood, several factors play a vital role in determining its suitability. Safety should be a top priority, ensuring a secure environment with low crime rates. Proximity to your workplace or school helps minimize commuting time and allows for a better work-life balance. Availability of essential amenities such as parks, coffee shops, restaurants, grocery stores, and healthcare facilities contributes to convenience and well-being. Access to reliable public transportation options facilitates easy commuting and connectivity. Additionally, considering the sense of community and the overall atmosphere that resonates with your lifestyle and preferences fosters a harmonious living experience. Finding the best places to live in Franklin and nearby areas is a much easier task when you can rely on information and data from the livability score, which includes amenities, commute, health & safety, education and other important metrics.
Franklin has a livability score of 62/100 and is ranked #312 in Kentucky and #15,014 in the USA. There are nine total categories that create the livability score. Franklin scores well for housing (A+) On a less positive note, Franklin does not have favorable grades for the following: amenities (F), education (D-) and employment (F). If we take a look at the data, we can find out why.
Crime rates can be the deciding factor for anyone looking to relocate to a new area, as the result is often a greater level of safety and security as well as an improved quality of life. Franklin gets top scores for their low violent crime rates of 187 crimes per 100,000 residents, which are significantly lower than the national average.
A healthy real estate market serves as a key economic indicator. It could signify overall local economic strength, stability and reflects consumer confidence in the area. Based on multiple factors including: median home and rental prices, appreciation rates and home affordability, Franklin has received high marks in the housing category. Based on these calculations, the apartment rental and real estate market appears to be very healthy.
Assuming that Franklin meets all of your requirements like low crime rates, good schools and great local amenities, the next most important item to examine is the affordability of real estate in Franklin. Everything else becomes a lot less important if it turns out that home prices in Franklin are simply unattainable. Median real estate prices in Franklin come in at $120,900, which is 4.1% lower than the Kentucky average. The home price to income ratio compares the median home prices to the median household income. In Franklin, the home price to income ratio is 2.6, which is 7.1% lower than the Kentucky average.
| Statistic | Franklin | Kentucky | National |
| Average one way commute | 17min | 23min | 26min |
| Workers who drive to work | 86.1% | 82.2% | 76.4% |
| Workers who carpool | 9.8% | 9.7% | 9.3% |
| Workers who take public transit | 0.0% | 1.1% | 5.1% |
| Workers who bicycle | 0.0% | 0.2% | 0.6% |
| Workers who walk | 1.1% | 2.4% | 2.8% |
| Working from home | 3.0% | 3.3% | 4.6% |
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