2025 Compare Cities Economy:
Franklin, TN vs Lake City, FL

Change Cities
Highlights
- Household income in Lake City, is 58% less than it is in Franklin and is 59% below the National Average.
- Franklin unemployment rate is 3.1%.
- Lake City unemployment rate is 4.9%.
 Franklin, TNLake City, FLUnited States
 Unemployment Rate  Unlock4.9%6.0%
 Recent Job Growth  Unlock0.2%1.6%
 Future Job Growth53.4%  Unlock33.5%
 Sales Taxes9.8%  Unlock6.2%
 Income Taxes  Unlock0.0%4.6%
 Income per Cap.$51,811  Unlock$37,638
 Household Income  Unlock$43,396$69,021
 Family Median Income$123,661  Unlock$85,028
 space
 Est. Households By Income
 Franklin, TNLake City, FLUnited States
 Income Less Than 15K  Unlock19.0%9.4%
 Income between 15K and 20K1.9%  Unlock3.8%
 Income between 20K and 30K  Unlock15.3%8.1%
 Income between 30K and 40K5.3%  Unlock8.0%
 Income between 40K and 50K  Unlock9.2%7.6%
 Income between 50K and 60K5.8%  Unlock7.2%
 Income between 60K and 75K  Unlock9.3%9.6%
 Income between 75K and 100K13.0%  Unlock12.8%
 Income between 100K and 150K  Unlock8.9%16.3%
 Income between 150K and 200K12.0%  Unlock7.8%
 Income greater than 200K  Unlock3.4%9.5%
 space1
 Population By Occupation
 Franklin, TNLake City, FLUnited States
 Management, business, finance26.4%  Unlock16.4%
 Engineering, computers, science  Unlock5.9%6.5%
 Community, social services1.9%  Unlock1.8%
 Legal  Unlock0.9%1.2%
 Education, library6.6%  Unlock6.2%
 Arts, design, media, sports, entertainment  Unlock0.8%2.0%
 Healthcare practitioners and technology6.3%  Unlock6.2%
 Healthcare support  Unlock6.1%3.3%
 Firefighters, law enforcement0.9%  Unlock2.1%
 Food preparation, serving  Unlock8.8%5.4%
 Building maintenance1.2%  Unlock3.6%
 Personal care  Unlock3.2%2.6%
 Sales, office, administrative support23.1%  Unlock20.9%
 Farming, fishing, forestry  Unlock0.0%0.6%
 Construction, extraction, maintenance/repair3.3%  Unlock8.1%
 Production, transportation, material moving  Unlock13.3%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

   |    Reply

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

   |    Reply

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

   |    Reply

Start Your Review of Franklin

Reviews for Lake City    6 Reviews

I have been here 7 years and until Covid hit, I thought is was okay despite a large number of Confederate flags. Covid brought the worst in people. I have been  More

   |    Reply

Over 16 years ago

You can always build a place of worship or build Jewish community. The Muslims just build their place of worship here and many Christians have their churches. Why  More

   |    Reply

I have lived all over the country from Missouri, Pennsylvania, and have finally found my niche here in Lake City, Florida. I love it here, and with the church I  More

   |    Reply

Start Your Review of Lake City


Premium Subscription
Includes Cost of Living compares for child care, utilities, transportation, health, taxes, housing for home owners vs renters, weather, insurance premiums and so much more.


The premier source for comprehensive city data for over 30 years.

© Best Places. All rights reserved.