County profile
Franklin County, VA
United States · GDP 2024
#1195 of 3,127 US counties by GDP56th-percentile growthmore diversified than 64% of counties
EA Place Score
——methodology in progress
GDP 2024 (USD)
$2.2B
BEA · 2024
GDP growth (YoY)
+4.9%
BEA · 2024
Jobs tracked
13,569
Census CBP · 2023
Employers
1,238
Census CBP · 2023
Avg. wage
$44.9k
BLS QCEW · 2023
Population
55,526
Census PEP · 2025
Labor, income & education
Unemployment
4.1%
Median HH income
$68.8k±$3.6k
Bachelor's degree+
25.1%±2.2%
Poverty rate
12.7%±1.8%
Business applications
567 · 2025
Retail establishments
189
34.0/10k pop
Public companies headquartered here
SEC EDGAR · FMPCompanySectorRevenueEA
No public companies loaded for this state yet — universe expands with the full ingest.
HQ-based placement with total (global) headcount — local employment attribution needs firmographic data; the industry mix at right is measured county data (CBP).
Industry mix · employment
Manufacturing34%
Retail trade20%
Construction14%
Food & accommodation12%
Health care12%
Admin & support8%
share of top-6 sector employment · CBP 2023
Population & migration
Census PEP · 2020–2025
55,526
residents · 2025 · +1.9% since 2020
Income per capita $58.3k · BEA 2024
COMPONENTS OF CHANGE · 2021–2025
Domestic migration+2,231
International migration+137
Natural change−1,292
GDP trend
2019–2024 · nominal
$1.6B2019
$1.7B2020
$1.9B2021
$2.0B2022
$2.1B2023
$2.2B2024
Real estate & risk
FHFA · ACS · FEMA
Median home value
$240.4k±$10.3k
Median gross rent
$829/mo±$43/mo
Vacancy rate
19.0%±1.7%
Affordability
5.4× wages
Residential permits
$64.6M
143 units · 2.6/1k pop
FEMA risk score
42.7
HUD Fair Market Rent (2BR):$944/mo · 2026
TOP PERILS · FEMA NRI
Landslide 80Strong wind 73Hurricane 69
FHFA HOUSE PRICE INDEX · 2016–2025
2202016
2272017
2312018
2362019
2482020
2732021
3132022
3432023
3832024
4062025
RESIDENTIAL PERMITS · 2021–2025
↓ -15% since 20211692021
1522022
1742023
1672024
1432025
Transport access
BTS · FAA · USACE
Nearest interstate
31.0 km
I-581
Nearest freight rail
1.5 km
NS
Nearest port
177.3 km
ELKHEM METALS CO., ALLOY DOCK
Nearest commercial airport
38.0 km
ROANOKE/BLACKSBURG RGNL (WOODRUM FLD)
Wage trend
BLS QCEW · 2019–2023$44.9k
avg. annual pay · +28% since 2019
Similar US counties
nearest by GDPNearby & same-state counties
by GDP rankThe read
What is the GDP of Franklin?
Franklin's economy produced $2.2B in 2024, growing 4.9% year over year — about the middle of the pack among US counties. Its largest employment sector is manufacturing.
GDP: BEA (2024), USD-normalized · Jobs/employers/wages & industry mix: Census CBP (2023) · Population & migration: Census PEP · Income: BEA CAINC1 · Companies: SEC EDGAR + FMP, by HQ.