Franklin County, Indiana

• Income near the national median: Median household income tracks the national median, indicating a broad-based consumer market.
• Cost of living stretches income further: Local prices run 4.6% below the national average, so the nominal median of $78,074 is worth $81,839 at national average prices. BEA publishes price parity at metro level, not county level.
• Talent gap: Bachelor's-or-higher attainment trails the national average by 16.2 pts, relevant for advanced-services attraction strategy.
• Aging population: Median age of 42 is materially above the U.S. norm; succession planning and senior-services demand are real factors.

• Largest private-sector industry: Retail Trade employs 548 workers (23.3% of tracked sectors), at an average wage of $31,897. Every industry figure on this page is private sector; government employs a further 976 and is counted separately.
• Economic scale: Regional GDP of $773M (2024).
• Wage stratification: Wholesale Trade averages $84,329 while Retail Trade averages $31,897, a 2.6x spread in the same local economy, with implications for workforce development and talent strategy.

• Top specialization: Mining (except Oil and Gas) concentrates at 4.48x the national norm, strong concentration that anchors the local economy and supports supply-chain attraction strategy.
• Cluster depth: 11 sub-sectors register LQ ≥ 1.5, and no single source of demand accounts for more than 33.7% of the employment across them, the largest being resident household spending. Demand reaches this base from more than one market rather than from a single one.

• In line with national: Home value to income ratio of 3.2x sits near the ~4.1x national average; affordability is neither a clear advantage nor a recruitment friction.
• High home ownership: 81.5% owner-occupied; rental supply may be tight for incoming workers.
• Affordable rent tiers: 3 of 5 HUD Fair Market Rent bedroom sizes sit below what a household on the median renter income of $47,747 can pay without cost burden (~$1,194/mo), and 32% of renter households are measured as cost-burdened.

• Succession risk is real: 25.5% of working-age residents are 55-64. Plan for retirements over the next decade and pair attraction strategy with talent retention.
• Healthy participation: 62.1% labor force participation reflects a steady, available local workforce.
• Talent pipeline: no college, university, or technical school is located in Franklin County per the IPEDS institutional directory, so any training pipeline serving it runs through institutions outside the county.

Franklin County shows meaningful potential for mining (except oil and gas) attraction, with a 4.48x concentration and 20 jobs in this sub-sector. Near-term succession risk is elevated, with 25.5% of the working-age population within 10 years of retirement age.

The concentrated base spans mining (except oil and gas), food and beverage retailers, and heavy and civil engineering construction, and no single source of demand accounts for more than 33.7% of the employment across them, the largest being resident household spending. Supply-chain recruitment has more than one demand base to work from.