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2024 Compare Cities Economy:
Franklin, TN vs Farmington Hills, MI

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Highlights
- Household income in Farmington Hills, is 9% less than it is in Franklin and is 26% above the National Average.
- Franklin unemployment rate is 3.1%.
- Farmington Hills unemployment rate is 2.3%.

Economy
 Franklin, TNFarmington Hills, MIUnited States
 Unemployment Rate3.1%2.3%6.0%
 Recent Job Growth2.4%0.3%1.6%
 Future Job Growth53.4%39.0%33.5%
 Sales Taxes9.8%6.0%6.2%
 Income Taxes0.0%4.3%4.6%
 Income per Cap.$51,811$50,287$37,638
 Household Income$102,721$93,434$69,021
 Family Median Income$123,661$116,631$85,028
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 Est. Households By Income
 Franklin, TNFarmington Hills, MIUnited States
 Income Less Than 15K3.5%5.7%9.4%
 Income between 15K and 20K1.9%3.0%3.8%
 Income between 20K and 30K4.8%5.5%8.1%
 Income between 30K and 40K5.3%5.6%8.0%
 Income between 40K and 50K6.5%5.4%7.6%
 Income between 50K and 60K5.8%6.0%7.2%
 Income between 60K and 75K8.3%8.9%9.6%
 Income between 75K and 100K13.0%13.8%12.8%
 Income between 100K and 150K20.4%20.0%16.3%
 Income between 150K and 200K12.0%13.8%7.8%
 Income greater than 200K18.6%12.4%9.5%
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 Population By Occupation
 Franklin, TNFarmington Hills, MIUnited States
 Management, business, finance26.4%21.9%16.4%
 Engineering, computers, science10.5%17.4%6.5%
 Community, social services1.9%1.7%1.8%
 Legal1.9%1.8%1.2%
 Education, library6.6%6.0%6.2%
 Arts, design, media, sports, entertainment3.6%2.0%2.0%
 Healthcare practitioners and technology6.3%8.4%6.2%
 Healthcare support1.3%2.1%3.3%
 Firefighters, law enforcement0.9%1.1%2.1%
 Food preparation, serving5.3%3.9%5.4%
 Building maintenance1.2%1.5%3.6%
 Personal care2.7%3.0%2.6%
 Sales, office, administrative support23.1%17.9%20.9%
 Farming, fishing, forestry0.1%0.0%0.6%
 Construction, extraction, maintenance/repair3.3%3.7%8.1%
 Production, transportation, material moving4.9%7.7%13.1%

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Reviews for Franklin    27 Reviews

After visiting here for a week in the summer, I fell in love with the city! Lots of my friends in Florida already moved here from New Port Richey and Wesley Chapel. I  More

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I've lived in Tennessee all my life. I have lived in west,east and middle Tennessee. By far this is the best place I have lived. We have been in Franklin for 8 years. It  More

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I love that this is a greatly diverse community with a large African American and Hispanic community around West Main St./Nachez (I'm addicted to Pueblo Real Mexican  More

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Reviews for Farmington Hills    11 Reviews

Grew up in Commerce. Loved it! It was very quiet and peaceful and safe. Quiet and peaceful is not the case anymore but fortunately it's still a safe place to live. Why  More

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My wife and I have lived in Farmington Hills for the past 7 years. We moved here from Ohio and are originally from Texas. This area and especially our neighborhood is  More

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Over 16 years ago

The taxes here are so high, as soon as I retire, I'll have to sell and move to a different community to lower my tax liability. The city/county services do not  More

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ZIPS IN FRANKLIN, TENNESSEE
37064 37067 37069
ZIPS IN FARMINGTON HILLS, MICHIGAN
48336 48335 48331 48334

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