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2024 Compare Cities Economy:
Wake Forest, NC vs Franklin, TN

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Highlights
- Household income in Franklin, is 1% less than it is in Wake Forest and is 33% above the National Average.
- Wake Forest unemployment rate is 3.6%.
- Franklin unemployment rate is 3.1%.

Economy
 Wake Forest, NCFranklin, TNUnited States
 Unemployment Rate3.6%3.1%6.0%
 Recent Job Growth3.0%2.4%1.6%
 Future Job Growth51.6%53.4%33.5%
 Sales Taxes7.3%9.8%6.2%
 Income Taxes5.3%0.0%4.6%
 Income per Cap.$43,601$51,811$37,638
 Household Income$104,006$102,721$69,021
 Family Median Income$112,397$123,661$85,028
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 Est. Households By Income
 Wake Forest, NCFranklin, TNUnited States
 Income Less Than 15K2.8%3.5%9.4%
 Income between 15K and 20K1.5%1.9%3.8%
 Income between 20K and 30K3.4%4.8%8.1%
 Income between 30K and 40K4.9%5.3%8.0%
 Income between 40K and 50K8.8%6.5%7.6%
 Income between 50K and 60K7.1%5.8%7.2%
 Income between 60K and 75K6.7%8.3%9.6%
 Income between 75K and 100K12.0%13.0%12.8%
 Income between 100K and 150K23.0%20.4%16.3%
 Income between 150K and 200K16.7%12.0%7.8%
 Income greater than 200K13.2%18.6%9.5%
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 Population By Occupation
 Wake Forest, NCFranklin, TNUnited States
 Management, business, finance28.8%26.4%16.4%
 Engineering, computers, science11.1%10.5%6.5%
 Community, social services2.5%1.9%1.8%
 Legal1.3%1.9%1.2%
 Education, library7.5%6.6%6.2%
 Arts, design, media, sports, entertainment1.8%3.6%2.0%
 Healthcare practitioners and technology8.0%6.3%6.2%
 Healthcare support1.4%1.3%3.3%
 Firefighters, law enforcement1.7%0.9%2.1%
 Food preparation, serving3.0%5.3%5.4%
 Building maintenance1.5%1.2%3.6%
 Personal care2.4%2.7%2.6%
 Sales, office, administrative support18.6%23.1%20.9%
 Farming, fishing, forestry0.4%0.1%0.6%
 Construction, extraction, maintenance/repair3.7%3.3%8.1%
 Production, transportation, material moving6.4%4.9%13.1%

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Reviews for Wake Forest    5 Reviews

Im a 22 year old male from Denver Colorado.im looking to relocate and transfer for work . Colorado has high taxes and high cost of living and also to much snow during  More

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Relocating from New York City three years ago took some adjustment and once settled in Wake Forest I was able to breath a little bit easier. The pace is something you  More

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The Triangle is a great place to work and live, more reasonable than the North but more expensive than most places in the South. We live in a beautiful  More

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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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ZIPS IN WAKE FOREST, NORTH CAROLINA
27587
ZIPS IN FRANKLIN, TENNESSEE
37064 37067 37069

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