Home / Select Cities  /  2024 Comparing Franklin, IN vs. Lafayette, IN

2024 Compare Cities Economy:
Franklin, IN vs Lafayette, IN

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Highlights
- Household income in Lafayette, is 25% less than it is in Franklin and is 45% below the National Average.
- Franklin unemployment rate is 4.0%.
- Lafayette unemployment rate is 4.9%.

Economy
 Franklin, INLafayette, INUnited States
 Unemployment Rate4.0%4.9%6.0%
 Recent Job Growth2.5%3.6%1.6%
 Future Job Growth40.9%37.0%33.5%
 Sales Taxes7.0%7.0%6.2%
 Income Taxes4.2%4.3%4.6%
 Income per Cap.$29,224$27,982$37,638
 Household Income$63,518$47,690$69,021
 Family Median Income$77,355$61,061$85,028
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 Est. Households By Income
 Franklin, INLafayette, INUnited States
 Income Less Than 15K8.6%11.7%9.4%
 Income between 15K and 20K1.8%4.5%3.8%
 Income between 20K and 30K11.0%12.4%8.1%
 Income between 30K and 40K9.2%12.7%8.0%
 Income between 40K and 50K8.0%11.4%7.6%
 Income between 50K and 60K6.5%8.8%7.2%
 Income between 60K and 75K11.3%10.1%9.6%
 Income between 75K and 100K16.0%12.3%12.8%
 Income between 100K and 150K17.8%11.3%16.3%
 Income between 150K and 200K7.1%3.4%7.8%
 Income greater than 200K2.6%1.5%9.5%
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 Population By Occupation
 Franklin, INLafayette, INUnited States
 Management, business, finance14.2%10.6%16.4%
 Engineering, computers, science4.7%6.2%6.5%
 Community, social services0.9%1.1%1.8%
 Legal0.8%0.5%1.2%
 Education, library5.1%8.0%6.2%
 Arts, design, media, sports, entertainment2.5%0.9%2.0%
 Healthcare practitioners and technology5.3%5.4%6.2%
 Healthcare support3.3%3.1%3.3%
 Firefighters, law enforcement1.8%1.5%2.1%
 Food preparation, serving5.0%7.0%5.4%
 Building maintenance4.9%4.3%3.6%
 Personal care1.9%2.2%2.6%
 Sales, office, administrative support21.1%18.1%20.9%
 Farming, fishing, forestry0.3%0.1%0.6%
 Construction, extraction, maintenance/repair10.1%7.1%8.1%
 Production, transportation, material moving18.1%23.7%13.1%

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Reviews for Franklin    1 Reviews

Over 19 years ago

located 22 miles south of Indianapolis, the city has a quiet nature about it, with a small liberal arts college downtown complete with bike trail. The down side is the  More

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Reviews for Lafayette    16 Reviews

Over 11 years ago

I have lived here for 12 years and in a smaller town 20 miles away for over 35 years and like the people. But crime is on the rise, more arrests lately related to people  More

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Over 12 years ago

Lafayette still has a small town atmosphere. It is a wonderful place to raise children. There is a strong sense of community. Unfotunately in recent years Lafayette has  More

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I can say I have lived in Lafayette Indiana for 25 years. I'll say that home is home...but I would honestly say in less your a college student at Purdue, I would never  More

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ZIPS IN FRANKLIN, INDIANA
46131
ZIPS IN LAFAYETTE, INDIANA
47901

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