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EconPulse

Local economy signal dashboard

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PLACEStable

Franklin, AL

Stable overall. Population is the clearest support signal, while jobs needs the most attention. Housing reads as affordable for a median-income household.

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Overall score65out of 100
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92
0
100
85
100

Population

981

Data freshness

Unknown

GDP / Output

+7.6% YoY

92

$764.9M

Output changed +7.6% in 2024.

Vintage date unknown

State growth5.1%
U.S. growth5.3%

Jobs

Unemployment rate

0

18.1%

Unemployment is 18.1% for Latest available.

Vintage date unknown

State avg3.2%
U.S. avg5.2%

Population

+9.2% 5-year

100

981

Population moved +9.2% over the latest ACS window.

Vintage date unknown

State population5,086,768
U.S. population334,922,499

Housing

Rent share of income

85

10.4%

Median rent consumes 10.4% of median household income: Affordable.

Vintage date unknown

State rent$1.0K
U.S. rent$1.4K
HUD_API_TOKEN missing; ACS median gross rent is used as the housing affordability fallback.

Federal Funds

$11.2K per resident

100

$219.0M

$219.0M in federal obligations flowed here in FY2025.

Vintage date unknown

State total$71.6B
U.S. total$5.3T

Population and output

Trend Snapshot

Reported share

Industry Breakdown

FY2025

Federal Money

Federal obligations

$219.0M

$11.2K per resident in reported federal flow.

Top agencies

Dollars
1. Social Security Administration$105.2M
2. Department of Veterans Affairs$34.5M
3. Department of Transportation$24.3M

Top recipients

Dollars
1. TUSKEGEE UNIVERSITY$45.1M
2. ALABAMA DEPARTMENT OF TRANSPORTATION$21.5M
3. "A-VET ROOFING & CONSTRUCTION, L.L.C."$4.7M

Affordable

Housing Affordability

10.4%

of median income

1BR estimate$612
2BR estimate$806
Median income$85,817
Median home value$77,900

ACS context

Quick Facts

Population

981

Median age

51.9

Bachelor's degree+

40.9%

Poverty rate

17.3%

Labor force participation

57.1%

Prime rate

6.8%

CPI YoY

+3.2%

U.S. GDP YoY

+6.5%

Sources and warnings

Data Provenance

Census ACS 5-year

2024

BLS LAUS / CPS

Latest available

BEA regional CAGDP1

2024

USAspending

FY2025

FRED

2026-07-30

HUD Fair Market Rent

Latest available

Data notes
  • HUD_API_TOKEN missing; ACS median gross rent is used as the housing affordability fallback.

5-year compound growth

Historical Trends

Population CAGR

+1.8%

GDP CAGR

+6.3%

Federal flow

5 years

Population (5 years)
2020898
2021841
2022773
2023899
2024981
GDP (5 years)
2020$563.1M
2021$591.8M
2022$633.8M
2023$711.1M
2024$764.9M

2-year linear forecast

Predictive Outlook

Population forecast

2024981
2025946 *
2026968 *

R² = 21.0% · * projected

GDP forecast

2024$764.9M
2025$809.8M *
2026$862.1M *

R² = 97.3% · * projected

Linear regression over available historical data. Projections are estimates based on past trends and do not account for policy changes, economic shocks, or other external factors.

housing affordability breakdown

Cost of Living

Median household income$85,817/yr
Median rent$746/mo
Rent share of income10.4%
Est. mortgage (30yr, 6.5%)$4,727/yr
Mortgage share of income5.5%

Rent data from Census ACS 5-year. Mortgage estimate assumes 20% down, 6.5% APR, 30-year fixed.

employment snapshot

Job Market

Unemployment rate18.1%
State avg3.2%
U.S. avg5.2%
Labor force participation57.1%
Poverty rate17.3%

Data from BLS LAUS / CPS. Latest available.

valuation snapshot

Real Estate

Median home value$77,900
Median monthly rent$746
Price-to-rent ratio8.7x

Low price-to-rent ratio — buying may be more favorable than renting in this market.

composite score

Investment Climate

Investment climateModerate
Composite score64/100
Economic growth92/100
Labor market0/100
Population momentum100/100
Overall stability65/100

Composite score weighs economic growth, labor market health, population momentum, and overall stability. Not financial advice.

Location Context

Franklin town, Alabama

City/Town

Part of

Auburn-Opelika, AL

Nearby locations

Tuskegee, ALTallassee, ALReeltown, ALNotasulga, ALShorter, AL