Franklin is located close to the center of Indiana. Franklin is between the Johnson, Shelby county. Franklin has 13.01 square miles of land area and has no water area. As of 2010-2014, the total Franklin population is 24,193, which has grown 24.30% since 2000. The population growth rate is much higher than the state average rate of 7.60% and is much higher than the national average rate of 11.61%. Franklin median household income is $51,397 in 2010-2014 and has grown by 13.17% since 2000. The income growth rate is lower than the state average rate of 17.25% and is much lower than the national average rate of 27.36%. Franklin median house value is $114,300 in 2010-2014 and has grown by 10.97% since 2000. The house value growth rate is much lower than the state average rate of 30.12% and is much lower than the national average rate of 46.91%. As a reference, the national Consumer Price Index (CPI) inflation rate for the same period is 26.63%. On average, the public school district that covers Franklin is better than the state average in quality. The Franklin area code is 317.