This section shows the Franklin County Washington economy using the most recent economic analysis from the 2022 Census Bureau. Starting with Figure 1 which shows the median earnings per worker, Franklin County depicts it has a Median earnings of $45,829 which is the second smallest as measured by median earnings per worker of all the other counties in the area. The county with the highest median earnings per worker in the area is Benton County which shows a median earnings of $59,798 (30.5% larger). Comparing median earnings per worker to the United States average of $53,269, Franklin County is about 16.2% smaller. Also, in comparison with the state of Washington, median earnings per worker of $63,384, Franklin County is approximately three-fourths the size.
In Figure 2 a more complete view of income is shown which aggregates income from all members in the household and it has a Median household income of $72,452 which is the second most median income of all the counties in the greater Franklin County region. The county with the highest median household income in the area is Benton County which depicts a median income of $76,612 (only about 5.7% larger). Comparing median household income to the United States average of $69,021, Franklin County is only about 5.0% larger. Also, compared to the state of Washington, median household income of $82,400, Franklin County is about 13.7% smaller.
The next section examines a variety of different income statistics for the Franklin County metropolitan area. In Figure 3 we see that it it has the largest proportion of earnings less than $10,000 at 7.5% of the total and is ranked #1. Dividing median annual worker earnings by the average number of hours worked in a year in Figure 4 shows that it has a Avg Hrly Earnings of $22.31 which is less than most other counties in the local area. The county with the highest average hourly earnings in the area is Benton County which shows an average hourly earnings of $30.03 (34.6% larger). Comparing average hourly earnings to the United States average of $26.40, Franklin County is about 18.3% smaller. Also, in comparison with the state of Washington, average hourly earnings of $31.66, Franklin County is approximately three-fourths the size.
Figure 5 examines the number of self employed people in the Franklin County metro area based on the number of people who reported any self employment income. Franklin County depicts it has a Self Employed of 11.7% which is the third most people self employed of all other counties in the greater Franklin County region. The county with the highest percentage of people self employed in the area is Garfield County which shows a percentage self employed of 13.6% (16.9% larger).
Figure 6 breaks down the source of income and Franklin County has the smallest proportion of self employment income at 9.2% of the total. Second, it has the smallest proportion of investment and retirement income at 5.6% of the total.
The next chart (Figure 7) shows the percentage of households that had retirement income over the last 12 months and it has a With Retirement Income of 18.0% which is the second smallest when sorted by households with retirement income of all the other counties in the surrounding region. The county with the highest households with retirement income in the area is Garfield County which depicts a households with retirement income of 31.2% (73.1% larger).
The percentage of full-time workers are compared to the number of part-time workers in Figure 8. Franklin County depicts full time employees approximately 4.1 times bigger as the part time employees.
Similar to the last chart is Figure 9 which shows the number of people who are self employed but in more detailed industry categories such as manufacturing, retail sales, residential real estate, commercial real estate, health care, exports/imports, and advanced industries, etc. Franklin County depicts it has the hightest entrepreneurs of 21% for the self employed in retail trade category.
Figure 10 shows the cost of living and other consumer spending categories for a variety of cost components from the Bureau of Labor Statistics. Franklin County depicts it has the hightest cost of 117.1 for the cost of healthcare category.
Franklin County Poverty Charts
In Figure 11 the percentage of people earning less than the poverty level is shown and compared across the group of places. Franklin County shows it has a Percent of Population In Poverty of 15.1% which is the second most percent of people earning less than the poverty level of all the counties in the greater Franklin County region. The county with the highest percent of people earning less than the poverty level in the area is Adams County which depicts a percent of people in poverty of 20.8% (38.3% larger).
Additionally, Figure 12 looks at the percentage of people who receive some form of public assistance including general assistance, temporary assistance or food stamps (i.e. SNAP.) Franklin County depicts it has a Public Assistance Percent of 22.8% which is the largest of all counties in the local area.
Franklin County Labor Force Charts
The table in Figure 13, shows Franklin County employment data in terms of job categories and salary data.
The next two charts look at monthly trended employment related performance using data estimated by economists at the Bureau of Labor Statistics (BLS). The BLS tracks unemployment statistics for a large number of areas throughout the country on a month to month basis. However, not every location in the U.S. is tracked by the BLS so the chart will only show the closest location available (which may be the same location.) Figure 14 shows the monthly unemployment rate for the area as well as a comparison to the overall national economy measure for the United States. Note that in March to April 2022, the Covid 19 recession occurred and affects this metric. The monthly unemployment rate shows that from January 2017 to before the COVID-19 Pandemic it went from 10.1% to 6.7% in March 2020. This represents a decrease in the monthly unemployment rate of 33.7%. Since that time, the monthly unemployment rate has gone to 7.2%. This represents an increase in the monthly unemployment rate of 7.5%.
Franklin County Jobs Charts
In the jobs section of economic activity charts in Figure 15 shows the average annual earnings for very high level job industry categories for full time and year round employed.
Figure 16 shows the average median earnings for different categories of jobs.
Franklin County Work Commute Charts
The following set of charts detail a variety of metrics that have economic impact, economic grow factors and economic development metrics in the Franklin County community and has an impact on other factors such as economic growth, population growth, economic recovery, job growth, etc.. Figure 17 shows a high level view of how the population commutes to work (including the percent of people who work from home.) Franklin County has the smallest proportion of people who take public transportation to work at 1% of the total. Figure 18 shows a more detailed view of how the population commutes to work for (for example to downtown Franklin County or elsewhere.) Franklin County has the smallest proportion of people who walked at 1% of the total.
Figure 19 is provided for comparison purposes to the previous chart. It shows how people get to work overall on average in the United States.
The average commute time is shown in Figure 21. Franklin County shows it has a Avg Commute Time of 21 which is the third most average commute time of all other counties in the greater Franklin County region.
Cities marked with an asterisk ("*") should resemble a city or town but do not have their own government (i.e. Mayor, City Council, etc.) These places should be recognizable by the local community but their boundaries have no legal status. Technically these include both Census Designated Places (CDP) and Census County Divisions (CCD) which are defined by the Census Bureau along with local authorities. (For more information, see:
Census Designated Place or "CDP")
and Census County Division "CCD".)
For comparison purposes, the US national average and the state average value are provided. Additionally, the "Combined Statistical Area" or CSA is shown that is closest to the city, county, or zip code shown. A CSA is a large grouping of adjacent metropolitan areas that identified by the Census Bureau based on social and economic ties. (See: Combined Statistical Area)
Data sources - Mouse over icon in upper right corner of each chart for information.