2025 Compare Cities Economy:
Franklin, TN vs Lafayette, IN

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Highlights
- Household income in Lafayette, is 54% less than it is in Franklin and is 45% below the National Average.
- Franklin unemployment rate is 3.1%.
- Lafayette unemployment rate is 4.9%.
 Franklin, TNLafayette, INUnited States
 Unemployment Rate  Unlock4.9%6.0%
 Recent Job Growth  Unlock3.6%1.6%
 Future Job Growth53.4%  Unlock33.5%
 Sales Taxes9.8%  Unlock6.2%
 Income Taxes  Unlock4.3%4.6%
 Income per Cap.$51,811  Unlock$37,638
 Household Income  Unlock$47,690$69,021
 Family Median Income$123,661  Unlock$85,028
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 Est. Households By Income
 Franklin, TNLafayette, INUnited States
 Income Less Than 15K  Unlock11.7%9.4%
 Income between 15K and 20K1.9%  Unlock3.8%
 Income between 20K and 30K  Unlock12.4%8.1%
 Income between 30K and 40K5.3%  Unlock8.0%
 Income between 40K and 50K  Unlock11.4%7.6%
 Income between 50K and 60K5.8%  Unlock7.2%
 Income between 60K and 75K  Unlock10.1%9.6%
 Income between 75K and 100K13.0%  Unlock12.8%
 Income between 100K and 150K  Unlock11.3%16.3%
 Income between 150K and 200K12.0%  Unlock7.8%
 Income greater than 200K  Unlock1.5%9.5%
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 Population By Occupation
 Franklin, TNLafayette, INUnited States
 Management, business, finance26.4%  Unlock16.4%
 Engineering, computers, science  Unlock6.2%6.5%
 Community, social services1.9%  Unlock1.8%
 Legal  Unlock0.5%1.2%
 Education, library6.6%  Unlock6.2%
 Arts, design, media, sports, entertainment  Unlock0.9%2.0%
 Healthcare practitioners and technology6.3%  Unlock6.2%
 Healthcare support  Unlock3.1%3.3%
 Firefighters, law enforcement0.9%  Unlock2.1%
 Food preparation, serving  Unlock7.0%5.4%
 Building maintenance1.2%  Unlock3.6%
 Personal care  Unlock2.2%2.6%
 Sales, office, administrative support23.1%  Unlock20.9%
 Farming, fishing, forestry  Unlock0.1%0.6%
 Construction, extraction, maintenance/repair3.3%  Unlock8.1%
 Production, transportation, material moving  Unlock23.7%13.1%
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 Lafayette    16 Reviews

Over 12 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 13 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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