Franklin, TN — income, home value, property tax, and sales tax.
Households in ZIP code 37067, part of the Franklin area, earn a median of $111,759, with per-capita income at $61,554 — placing the area well above middle-income territory. Home values reinforce that standing: the median property is worth $756,300, and the county's 0.40% effective property tax rate keeps annual levies comparatively contained despite those prices. Sales tax is another matter, combining to 9.75% on purchases. The result is an affluent commuter suburb where real estate, not property taxation, drives the cost of living, and everyday spending carries a notably higher rate than the tax on owning a home.
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