Franklin has the 367th largest population in the United States. The population grew by 16.0% from 2010 to 2015, which was faster than the national average. Franklin is part of the Nashville metro area. Unemployment in the Nashville area is 3%, which is lower than the national average, and is getting better. Nashville has the 34th largest local economy in the US, and a high cost of living. The average pay for jobs in Franklin is below average at $44,700, and the median cost of a home in Franklin is $312,400, which is above the national average. 56% of workers in Franklin hold a bachelors degree or higher (above average), and 94% of workers have a high school degree (above average). Driving to work is especially common in Franklin. 81% of Franklin workers drive to work alone, 0% take public transit, 8% carpool, and 9% walk. People in Franklin spend an average of 23 minutes commuting to work, which is shorter than the national average of 26 minutes.