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Places/VA/Franklin
County profile

Franklin

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
GDP growth
+4.9%
Jobs tracked
13,569
Employers
1,238
Avg. wage
$44.9k
Population
55,526
Labor & formation
Unemployment
3.7%
Median HH income
$68.8k±$3.6k
Business applications
567 · 2025

Public companies headquartered here

SEC EDGAR · FMP
CompanySectorRevenueEA

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
$1.6B
2019
$1.7B
2020
$1.9B
2021
$2.0B
2022
$2.1B
2023
$2.2B
2024

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
143 (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
220
2016
227
2017
231
2018
236
2019
248
2020
273
2021
313
2022
343
2023
383
2024
406
2025

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 GDP
Silver Bow$2.2BDawson$2.2BMonroe$2.2BBingham$2.2BMcMullen$2.2BScott$2.2B
The read

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.
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