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EconPulse

Local economy signal dashboard

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PLACEStable

Franklin, LA

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

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Overall score60out of 100
Compare
31
84
16
65
100

Population

6,461

Data freshness

Unknown

GDP / Output

-1.2% YoY

31

$3.5B

Output changed -1.2% in 2024.

Vintage date unknown

State growth3.5%
U.S. growth5.3%

Jobs

Unemployment rate

84

2.8%

Unemployment is 2.8% for Latest available.

Vintage date unknown

State avg4.4%
U.S. avg5.2%

Population

-5.6% 5-year

16

6,461

Population moved -5.6% over the latest ACS window.

Vintage date unknown

State population4,611,961
U.S. population334,922,499

Housing

Rent share of income

65

24.7%

Median rent consumes 24.7% of median household income: Affordable.

Vintage date unknown

State rent$1.1K
U.S. rent$1.4K
HUD_API_TOKEN missing; ACS median gross rent is used as the housing affordability fallback.

Federal Funds

$11.5K per resident

100

$568.5M

$568.5M in federal obligations flowed here in FY2025.

Vintage date unknown

State total$59.8B
U.S. total$5.3T

Population and output

Trend Snapshot

Reported share

Industry Breakdown

FY2025

Federal Money

Federal obligations

$568.5M

$11.5K per resident in reported federal flow.

Top agencies

Dollars
1. Social Security Administration$275.4M
2. Department of Defense$199.4M
3. Department of Veterans Affairs$24.1M

Top recipients

Dollars
1. CONRAD SHIPYARD, L.L.C$112.9M
2. GRAVOIS ALUMINUM BOATS LLC$33.6M
3. WEEKS MARINE, INC.$28.2M

Affordable

Housing Affordability

24.7%

of median income

1BR estimate$667
2BR estimate$879
Median income$39,518
Median home value$104,400

ACS context

Quick Facts

Population

6,461

Median age

37.7

Bachelor's degree+

9.9%

Poverty rate

27.3%

Labor force participation

52.5%

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

-1.1%

GDP CAGR

+7.0%

Federal flow

5 years

Population (5 years)
20206,844
20216,811
20226,666
20236,557
20246,461
GDP (5 years)
2020$2.5B
2021$2.9B
2022$3.3B
2023$3.6B
2024$3.5B

2-year linear forecast

Predictive Outlook

Population forecast

20246,461
20256,362 *
20266,260 *

R² = 97.6% · * projected

GDP forecast

2024$3.5B
2025$4.0B *
2026$4.2B *

R² = 89.7% · * 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$39,518/yr
Median rent$814/mo
Rent share of income24.7%
Est. mortgage (30yr, 6.5%)$6,335/yr
Mortgage share of income16.0%

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

employment snapshot

Job Market

Unemployment rate2.8%
State avg4.4%
U.S. avg5.2%
Labor force participation52.5%
Poverty rate27.3%

Data from BLS LAUS / CPS. Latest available.

valuation snapshot

Real Estate

Median home value$104,400
Median monthly rent$814
Price-to-rent ratio10.7x

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

composite score

Investment Climate

Investment climateModerate
Composite score49/100
Economic growth31/100
Labor market84/100
Population momentum16/100
Overall stability60/100

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

Location Context

Franklin city, Louisiana

City/Town

Part of

Morgan City, LA

Nearby locations

Baldwin, LACenterville, LACharenton, LAGlencoe, LASorrel, LA