Individuals and households get their income from three main sources: net earnings by place of residence; dividends, interest, and rent; and transfer payments (for example, Social Security and Unemployment Compensation).
Among Franklin residents in 2018. . .
- net earnings made up 65 percent of personal income, compared to 66 percent in 2010;
- dividends, interest and rent - income from investments - made up 13 percent of personal income, compared to 13 percent in 2010;
- transfer payments made up 18 percent of personal income, compared to 21 percent in 2010.