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Franklin, Alabama

town · Monroe County (primary) , Macon County

At a glance

981
Population
$77,900
Median home value (all homes)
74% below U.S. median
$140,820
Typical market value
Zillow, county-wide, 2026-07
$746/mo
Median rent
45% below U.S. median
$85,817
Median household income
9% above U.S. median
23.6 min
Average commute
90.7%
Homes with broadband
12.92%
Locations with fiber available
18.1%
Unemployment

Cost of living (Clay Affordability Index)

CAI 85 — 15% below the national average. how it's computed

Housing57% below
Goods & services4% below
Utilities42% above
Taxes19% above
Insurance7% below
Commute cost22% below
For business: Alabama is CBII band 2/5 · time to build band 1/5. See state page for the breakdown.

Living here

High school graduates90.1%
College graduates40.9%

Doing business here

Economic development contacts, most local first:

region Coastal Gateway Regional Economic Development Alliance
state Alabama Association of Reg Councils
A public nonprofit organization representing municipalities and counties in Alabama through the membership of the 12 regional councils, promoting regional planning and economic development, coordinating statewide planning and economic development initiatives and hosting an annual training conference.
state Alabama Development Office
The Alabama Department of Commerce’s Made in Alabama initiative promotes investment and business growth in the state, offering resources, incentives, and project assistance while coordinating workforce development and global business efforts.
state Eco Dev Partnership of Alabama
EDPA is a private, non-profit organization that supports Alabama’s economic development efforts focusing on business attraction and expansion, innovation and entrepreneurship, talent attraction and retention, business intelligence and research, and policy.
State sales taxYes
State income taxYes
Right-to-work stateYes