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.
Crime
The crime rate is far lower than the national average per 100,000 residents. As such, it should be considered a very safe place to live when compared to other areas.
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 9,114 residents. According to the most recent Census, 77% of Franklin residents are White, 16% Black and 1% Asian. Not a fan of sitting in traffic during your commute to work? Franklin offers shorter work commutes, with an average one-way commute time taking only 17 minutes, far lower than the national average of 26 minutes.
Whether you’re relocating to a new area to be closer to family, friends or for a new job, living in Franklin could be a positive experience compared to other cities in Kentucky if you know where to search. Don't forget to determine what matters most to you in a neighborhood. Consider factors such as safety, proximity to work or school, access to amenities (like parks, fitness facilities, grocery stores, restaurants), public transportation options, community atmosphere and the overall vibe you're looking for. 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 crime, cost of living, health & safety, education and other important metrics.
Franklin, KY receives 63/100 for its livability score; this results in a ranking of #291 in Kentucky and #14,162 in the USA. If we take a closer look at each of the categories individually, we see that Franklin ranks well for crime (B-) and housing (A+). Franklin does not score well for the following: amenities (F), education (F) and employment (F). It might be wise to take a closer look at each category to 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 142 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.
Franklin real estate prices and overall affordability will play a huge role in determining if the area is the right fit for you. Of course there are probably some other items on your “wish list”, but even before they are considered, let’s take a look at the home prices and affordability in Franklin. Median real estate prices in Franklin come in at $222,494, which is 1.2% 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 3.2, which is 5.9% 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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