County profile
Franklin city, Virginia
United States · US territory
EA Place Score
——methodology in progress
GDP
no BEA GDP
GDP growth (YoY)
1 yr only
Jobs tracked
3,369
Census CBP · 2023
Employers
263
Census CBP · 2023
Avg. wage
$40.4k
BLS QCEW · 2023
Population
8,478
Census PEP · 2025
Labor, income & education
Unemployment
5.3%
Median HH income
$63.2k±$6.6k
Bachelor's degree+
27.3%±5.0%
Poverty rate
19.3%±7.1%
Business applications
157 · 2025
Retail establishments
52
61.9/10k 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
Health care43%
Retail trade32%
Food & accommodation15%
Finance & insurance4%
Other services4%
Professional services2%
share of top-6 sector employment · CBP 2023
Population & migration
Census PEP · 2020–2025
8,478
residents · 2025 · +4.1% since 2020
COMPONENTS OF CHANGE · 2021–2025
Domestic migration+386
International migration−6
Natural change−55
Real estate & risk
FHFA · ACS · FEMA
Median home value
$256.6k±$27.3k
Median gross rent
$988/mo±$87/mo
Vacancy rate
11.7%±5.9% · low reliability
Affordability
6.4× wages
Residential permits
Census BPS
FEMA risk score
7.5
HUD Fair Market Rent (2BR):$1.1k/mo · 2026
TOP PERILS · FEMA NRI
Hurricane 79Winter weather 41Earthquake 37
FHFA HOUSE PRICE INDEX · 2016–2025
1912016
1872017
2082018
2002019
2182020
2382021
2722022
2802023
3062024
3012025
Transport access
BTS · FAA · USACE
Nearest interstate
46.8 km
I-95
Nearest freight rail
0.3 km
NS
Nearest port
27.1 km
PARKERS FERRY LANDING - SECONDARY ROAD 1306
Nearest commercial airport
64.0 km
NEWPORT NEWS/WILLIAMSBURG INTL
Wage trend
BLS QCEW · 2019–2023$40.4k
avg. annual pay · +31% since 2019
Nearby & same-state counties
by GDP rankThe read
What is Franklin city’s economy like?
Franklin city is home to 8,478 residents and 3,369 jobs across 263 employers, led by health care. BEA does not publish state-level GDP for US territories, so no GDP figure is shown.
GDP: BEA (2025), USD-normalized · Jobs/employers/wages & industry mix: Census CBP (2023) · Population & migration: Census PEP · Income: BEA CAINC1 · Companies: SEC EDGAR + FMP, by HQ.