Franklin is located in southwest Kentucky. Franklin is between the Simpson, Allen county. Franklin has 11.06 square miles of land area and 0.05 square miles of water area. As of 2010-2014, the total Franklin population is 8,563, which has grown 7.09% since 2000. The population growth rate is lower than the state average rate of 8.45% and is lower than the national average rate of 11.61%. Franklin median household income is $30,398 in 2010-2014 and has has shrunk by 5.01% since 2000. The income growth rate is much lower than the state average rate of 28.72% and is much lower than the national average rate of 27.36%. Franklin median house value is $98,200 in 2010-2014 and has shrunk by -28.70% since 2000. The house value growth rate is lower than the state average rate of 40.25% 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 close to the state average in quality. The Franklin area code is 270.