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Personal income last published on November 16, 2017.
Personal Income for Franklin
Franklin is one of 67 counties in Alabama. It is not part of a metropolitan area. Its 2016 population of 31,628 ranked 37th in the state.
Per Capita Personal Income
In 2016, Franklin had a per capita personal income (PCPI) of $32,203. This PCPI ranked 43rd in the state and was 83 percent of the state average, $38,896, and 65 percent of the national average, $49,246. The 2016 PCPI reflected an increase of 0.4 percent from 2015. The 2015-2016 state change was 1.8 percent and the national change was 1.6 percent. In 2006, the PCPI of Franklin was $24,909 and ranked 42nd in the state. The 2006-2016 compound annual growth rate of PCPI was 2.6 percent. The compound annual growth rate for the state was 2.2 percent and for the nation was 2.6 percent.
Per Capita Personal Income, 2016
Per Capita Income as a Percent of the United States
| Franklin | ||
| Alabama | ||
Personal Income
In 2016, Franklin had a personal income of $1,018,528*. This personal income ranked 37th in the state and accounted for 0.5 percent of the state total. In 2006, the personal income of Franklin was $775,504* and ranked 37th in the state.
*Personal income estimates are in thousands of dollars, not adjusted for inflation.
| 2015-2016 percent change | 2006-2016 CAGR | |
|---|---|---|
| Franklin | 0.7 % | 2.8 % |
| Alabama | 2.0 % | 2.7 % |
| U.S. | 2.3 % | 3.4 % |
| CAGR: compound annual growth rate | ||
Components of Personal Income
Personal income includes net earnings by place of residence; dividends, interest, and rent; and personal current transfer receipts received by the residents of Franklin.
2015-2016 percent change
| Franklin | Alabama | U.S. | |
|---|---|---|---|
| Net earnings | - 0.8 % | 2.1 % | 2.5 % |
| Dividends, interest, and rent | 2.5 % | 1.4 % | 1.2 % |
| Personal current transfer receipts | 2.7 % | 2.2 % | 3.1 % |
2006-2016 CAGR
| Franklin | Alabama | U.S. | |
|---|---|---|---|
| Net earnings | 1.9 % | 2.0 % | 2.8 % |
| Dividends, interest, and rent | 4.8 % | 2.5 % | 3.7 % |
| Personal current transfer receipts | 3.8 % | 5.1 % | 5.5 % |
| CAGR: compound annual growth rate | |||
Percent Contribution to Personal Income
| Franklin | Alabama | United States | |
|---|---|---|---|
| 2006 | 
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| 2016 | 
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| Net earnings by place of residence | |||
| Dividends, interest, and rent | |||
| Personal current transfer receipts | |||