2025 Compare Cities Economy:
Franklin, IN vs Palmetto, FL

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Highlights
- Household income in Palmetto, is 20% less than it is in Franklin and is 36% below the National Average.
- Franklin unemployment rate is 4.0%.
- Palmetto unemployment rate is 4.4%.
 Franklin, INPalmetto, FLUnited States
 Unemployment Rate  Unlock4.4%6.0%
 Recent Job Growth  Unlock2.4%1.6%
 Future Job Growth40.9%  Unlock33.5%
 Sales Taxes7.0%  Unlock6.2%
 Income Taxes  Unlock0.0%4.6%
 Income per Cap.$29,224  Unlock$37,638
 Household Income  Unlock$50,762$69,021
 Family Median Income$77,355  Unlock$85,028
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 Est. Households By Income
 Franklin, INPalmetto, FLUnited States
 Income Less Than 15K  Unlock12.7%9.4%
 Income between 15K and 20K1.8%  Unlock3.8%
 Income between 20K and 30K  Unlock10.9%8.1%
 Income between 30K and 40K9.2%  Unlock8.0%
 Income between 40K and 50K  Unlock12.3%7.6%
 Income between 50K and 60K6.5%  Unlock7.2%
 Income between 60K and 75K  Unlock8.4%9.6%
 Income between 75K and 100K16.0%  Unlock12.8%
 Income between 100K and 150K  Unlock11.7%16.3%
 Income between 150K and 200K7.1%  Unlock7.8%
 Income greater than 200K  Unlock6.4%9.5%
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 Population By Occupation
 Franklin, INPalmetto, FLUnited States
 Management, business, finance14.2%  Unlock16.4%
 Engineering, computers, science  Unlock2.0%6.5%
 Community, social services0.9%  Unlock1.8%
 Legal  Unlock1.0%1.2%
 Education, library5.1%  Unlock6.2%
 Arts, design, media, sports, entertainment  Unlock3.3%2.0%
 Healthcare practitioners and technology5.3%  Unlock6.2%
 Healthcare support  Unlock2.5%3.3%
 Firefighters, law enforcement1.8%  Unlock2.1%
 Food preparation, serving  Unlock5.8%5.4%
 Building maintenance4.9%  Unlock3.6%
 Personal care  Unlock2.2%2.6%
 Sales, office, administrative support21.1%  Unlock20.9%
 Farming, fishing, forestry  Unlock3.1%0.6%
 Construction, extraction, maintenance/repair10.1%  Unlock8.1%
 Production, transportation, material moving  Unlock11.9%13.1%
Reviews for Franklin    1 Reviews

Over 20 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 Palmetto    3 Reviews

Over 14 years ago

Best bet for Florida living is newer bedroom communities. Closer to inland parks for canoe and kayak, but a quick drive to the shore. There's not a safe city in the  More

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I am a 40yr old single female who moved to Palmetto about 6 years ago. Since I have been here, I have seen the change in the town. Despite a bad economy, Palmetto  More

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Over 18 years ago

My husband and I are moving from this area because the schools are more than poor. With almost no after school activites or diverse educational choices. If you child  More

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