Franklin Hourly Wage & Salary 2026
Franklin, TN: $40.87/hr median hourly wage, $85,000 median annual salary, cost of living index 115, and $7.25/hr minimum wage. Calculate take-home pay with federal and Tennessee taxes.
Franklin Hourly Wage Quick Answer
The median hourly wage in Franklin, TN is $40.87/hr, equivalent to $85,000 per year at 2,080 work hours. Entry-level pay estimates around $25.34/hr, senior-level pay estimates around $58.04/hr, and the local minimum wage is $7.25/hr.
Median Salary
$85,000
$40.87/hr
Cost of Living
115
US avg = 100
Minimum Wage
$7.25
per hour
Unemployment
2%
rate
Franklin, TN Overview
Population
83,454
Median Salary
$85,000
Average Salary
$94,000
Avg Commute
28 min
Median Home Price
$550,000
Median Rent
$1,800/mo
Job Growth
+3.5%
Sales Tax
9.25%
Franklin is located in Tennessee with a population of 83,454. The median household salary is $85,000 per year ($40.87/hour), which is $25,616 above the national median of $59,384. The average commute time is 28 minutes, and the city has a job growth rate of +3.5%.
Franklin Salary by Experience Level (2026)
Wage distribution in Franklin, TN based on BLS percentile breakdown of the $85,000 median salary. Entry-level represents 10th–25th percentile; mid-level is the median; senior-level represents 75th–90th percentile.
| Experience Level | Annual Salary | Hourly Wage | Years Exp |
|---|---|---|---|
| Entry-Level | $52,700 | $25.34/hr | 0–2 years |
| Mid-Level (Median) | $85,000 | $40.87/hr | 3–7 years |
| Senior-Level | $120,700 | $58.04/hr | 8–15 years |
| Top 10% (90th Percentile) | $151,300 | $72.75/hr | 15+ years / leadership |
Percentile multipliers (62%, 100%, 142%, 178%) derived from 2024 BLS Occupational Employment and Wage Statistics distribution across all occupations in metro areas. Specific roles vary; see jobs by city for role-specific data.
Franklin Paycheck Calculator
Enter your annual salary to see your estimated take-home pay in Franklin, TN, after federal, state, and local taxes.
Estimated Annual Take-Home Pay
$68,628
$5,718.96/month · $2,639.52/biweekly · Effective Rate: 19.3%
Biweekly paycheck estimate: this salary equals about $2,639.52 take-home per paycheck after estimated Tennessee and federal taxes. For the 26-paycheck formula, three-paycheck months, and withholding examples, see the Biweekly Paycheck Calculator.
Gross Pay
$85,000
Federal Tax
-$9,870
State Tax
$0
Local Tax
$0
FICA
-$6,503
Net Pay
$68,628
Pay Breakdown
| Item | Monthly | Annual |
|---|---|---|
| Gross Salary | $7,083.33 | $85,000.00 |
| Federal Income Tax | -$822.50 | -$9,870.00 |
| Tennessee State Tax (0%) | $0.00 | $0.00 |
| Social Security (6.2%) | -$439.17 | -$5,270.00 |
| Medicare (1.45%) | -$102.71 | -$1,232.50 |
| Net Take-Home Pay | $5,718.96 | $68,627.50 |
Salary Comparison: Franklin vs Other Cities
See how Franklin's median salary and cost of living compare to the national average and similar cities.
| City | Median Salary | COL Index | Adj. Salary |
|---|---|---|---|
| Franklin, TN | $85,000 | 115 | $73,913 |
| National Average | $59,384 | 100 | $59,384 |
| Sandy Springs, GA | $85,000 | 112 | $75,893 |
| Boston, MA | $85,000 | 152 | $55,921 |
| Edison, NJ | $85,000 | 125 | $68,000 |
| New York, NY | $85,000 | 187 | $45,455 |
Adjusted salary reflects purchasing power when cost of living is factored in. A higher adjusted salary means your money goes further.
Cost of Living in Franklin
Franklin's cost of living index is 115 (national average = 100). Living in Franklin is 15% more expensive than the national average.
Median Home Price
$550,000
Median Monthly Rent
$1,800
Annual Rent Cost
$21,600
Your Salary's Purchasing Power
Your $68,628 annual take-home pay in Franklin has the purchasing power of approximately $59,676 in an average-cost US area. You would need to earn $97,750 in Franklin to match a $85,000 salary in an average-cost city.
Top Industries in Franklin
Franklin's economy is driven by these key industries. Workers in top industries often earn significantly above the median salary of $85,000.
Salary Tips for Franklin Workers
- No state income tax advantage. Tennessee has no state income tax, which means more of your paycheck stays in your pocket. Invest the savings in a Roth IRA or 401(k) for long-term growth.
- Research top industries. Franklin's top industries include Healthcare, Finance, Technology. Targeting roles in these sectors can help you earn above the $85,000 median salary.
- Review your W-4 withholding. If you regularly receive large tax refunds, adjust your W-4 to increase your per-paycheck take-home pay instead of giving the government an interest-free loan.
Methodology & Local Economy Data Sources
How we calculate Franklin salary data: Our citywide compensation figures aggregate occupation-specific salary data from BLS Occupational Employment and Wage Statistics for the Franklin-TN metropolitan statistical area (MSA), weighted by local employment counts. Cost-of-living adjustments use the C2ER Cost of Living Index baseline of 100 (national average), with Franklin indexed at 115.
- Median salary calculation: weighted average of Franklin's occupation-specific medians from BLS OEWS, adjusted for local cost of living. Net result: $85,000 annual median.
- Tax burden reflects Tennessee state income tax (0%) (no local income tax), sales tax (9.25%), and federal taxes per IRS 2026 brackets.
- Unemployment rate for Franklin: 2%, sourced from BLS Local Area Unemployment Statistics (LAUS).
- Top industries: Healthcare, Finance, Technology — based on QCEW employment concentration data.
- Job growth: 3.5% projected through 2034, derived from BLS Employment Projections program for Tennessee.
- Housing context: median home price $550,000, median rent $1,800/mo, sourced from Census American Community Survey 5-year estimates.
Authoritative US data sources for Franklin, TN:
- BLS Occupational Employment and Wage Statistics (OEWS) — metropolitan area salary data
- BLS Local Area Unemployment Statistics — Franklin unemployment rate
- U.S. Census Bureau — Franklin QuickFacts — population, housing, demographics
- BLS Quarterly Census of Employment and Wages (QCEW) — county-level industry employment
- BLS Economy at a Glance — Tennessee — state economic indicators
- U.S. Bureau of Economic Analysis (BEA) — local GDP and personal income data
- BLS Consumer Price Index (CPI-U) — regional inflation tracking
Disclaimer: Salary and cost data are estimates for general guidance. Individual compensation varies by employer, experience, education, negotiation, and skills. Franklin's rapidly changing economy can shift these baselines — always verify with current job listings, employer offers, and recent Tennessee labor market reports for the most current figures.
Reviewed by Brazora Monk· Last updated 2026 · BLS & Census data current as of latest releases
Explore Salaries Across the US
Compare salary data and cost of living for hundreds of US cities. Find out where your paycheck goes the furthest.
Related Salary Tools
Frequently Asked Questions
What is the hourly wage in Franklin, TN?
The median hourly wage in Franklin, TN is $40.87 per hour. At a standard 2,080-hour work year, that equals about $85,000 per year. Entry-level workers are estimated around $25.34/hr, while senior-level workers are estimated around $58.04/hr before overtime, bonuses, or benefits.
What is the median salary in Franklin, TN?
The median salary in Franklin, TN is $85,000 per year, or $40.87 per hour. The average salary is $94,000. This is $25,616 above the national median of $59,384.
What is the cost of living in Franklin, TN?
Franklin's cost of living index is 115 (national average = 100), meaning it is 15% more expensive compared to the national average. The median home price is $550,000 and the median monthly rent is $1,800.
What are the best industries in Franklin?
The top industries in Franklin, TN include Healthcare, Finance, Technology. The city has a job growth rate of 3.5% and an unemployment rate of 2%. Workers in these industries often earn above the city's median salary of $85,000.
How does Franklin's salary compare to other cities?
Franklin's median salary of $85,000 is 43.1% above the national median of $59,384. However, when adjusted for cost of living (index: 115), the real purchasing power is approximately $73,913.
What is the minimum wage in Franklin, TN?
The minimum wage in Franklin, TN is $7.25 per hour. This equals approximately $15,080 per year for a full-time worker (40 hours/week). This matches the federal minimum wage of $7.25/hour.