How America Moves

Franklin City, VA

Migration of people and income, 20222023 filing years

At a glance (2023)

Cost of living
101
1% above the U.S. average
Median home value
$227,200
national $303,400
Home prices, 5 years
+34.6%
over the 5 years to 2023
Monthly rent
$995
national $1,348
Homeownership
53%
national 65%
Unemployment
3.7%
national 3.6%
Household income
$65,125
national $78,538
Median age
40.5 yrs
national 38.7

Cost of living is the statewide price level for Virginia (state avg).

The cost of living runs about 1% above the national average. The median home is valued at $227,200 (nominal). Home prices have risen about 35% over the five years to 2023. Median rent is about $995 a month. Unemployment averaged 3.7% in 2023 (national 3.6%). Median household income is $65,125. These figures describe all residents, not just tax filers, come from separate sources than the migration data on this page, and do not indicate why anyone moved.

Between the 2022 and 2023 filing years, Franklin City, VA saw a net gain of 26 tax-filing households and a net gain of 80 individuals. Against a population of about 8,339, that is a net inflow of about 9.6 per 1,000 residents. On net, the area gained $2.8M in associated adjusted gross income (AGI, nominal dollars). The largest inflow, about 76 households, came from Southampton County; the largest outflow, about 90 households, went to Southampton County. In the prior (2022) filing year, the area saw a net gain of 39 individuals. These figures cover federal income tax filers only and do not indicate why people moved.

Net income (AGI)
+$2.8M
nominal dollars
Net households
+26
tax returns
Net people
+80
exemptions

+9.6 net people per 1,000 residents (population 8,339)

Income (AGI) in and out

Moved in$15.9M
Moved out$13M
Net +$2.8M (nominal)
HowAmericaMoves.com

Franklin City within Virginia

Franklin City is outlined, with arrows tracing its largest moves to and from other Virginia counties. Hover any county for its figures; click to open it.

Net outNet in(AGI $)
Hover an area to trace its top 5 inbound (in) and outbound (out) moves.
Net income (AGI) that moved in minus out, in nominal dollars (not adjusted for inflation).Net tax returns (filing households) that moved in minus out.Net people per 1,000 residents, so larger and smaller areas compare fairly.
Loading map…

Where movers came from

  1. 1Southampton County, VA76$2.6M
  2. 2Suffolk City, VA52$2.6M
  3. 3Isle of Wight County, VA24$1.6M
  4. 4Chesapeake City, VA23$1.2M
HowAmericaMoves.com

Where movers went

  1. 1Southampton County, VA90$3.1M
  2. 2Suffolk City, VA35$1.4M
  3. 3Isle of Wight County, VA25$1.1M
HowAmericaMoves.com

Churn by county · both directions at once

The biggest two-way exchanges of filing households, 20222023. Moved in and moved out are gross one-way counts; net is the difference. Click a column to sort.

Southampton County, VA7690-14-$510K
Suffolk City, VA5235+17+$1.2M
Isle of Wight County, VA2425-1+$480K
Chesapeake City, VA23

Counts are filing households (IRS returns), matching the lists above; income is nominal AGI. A dash means the IRS published only one direction of that exchange (small flows are suppressed), so no net is computed.

HowAmericaMoves.com

Net migration by year

Net 2012–2023: -$18.9M (-375 people)
20122023
HowAmericaMoves.com
Net AGI and net people by year (nominal dollars)
YearNet AGINet people
2012-$686K-44
2013-$504K+20
2014-$2.1M-132
2015-$1.7M-15
2016-$2.4M-63
2017-$4.1M-63
2018-$1.7M-134
2019-$1.3M-39
2020-$2.8M-92
2021-$1.7M+68
2022-$2.8M+39
2023+$2.8M+80
Migration in context

How big is this move, relative to the county?

In the 20222023 filing year, about 80 more people moved into Franklin City, VA than left (counting tax filers and their dependents) — a net gain of about $2.8M in income (nominal) — in a county of 8,323 people.

Population
8,323
Census 2023 estimate
Net migration rate
+9.6
net people per 1,000 residents
A town of 10,000 would net about +96 people.
Net income per resident
+$342
nominal dollars
+$2.8M total across 8,323 residents.

The rate lets you compare Franklin City, VA with a countyof any size: it’s the net flow divided by population. The IRS counts tax filers; population counts all residents, so read the rate as a scale indicator, not a literal share of people.

HowAmericaMoves.com

Components of population change · 2023 (Census)

Where the county’s overall change came from. Census counts all residents; the IRS migration above is one slice of the domestic-migration component.

Births
+158
Deaths
-167
Net domestic migration
+82
Net international migration
0
Total change
+72

Source: U.S. Census Bureau, Population Estimates Program. Figures are people, not tax filers.

HowAmericaMoves.com
Who lives here

The people of Franklin City, VA

American Community Survey, 2019–2023 (a 5-year average of all residents, not just tax filers).

Median age
40.5
years
Median household income
$65,125
per household (ACS 2019–2023, nominal)
17% below the U.S. median
College degree
26%
adults 25+ with a bachelor's or higher
Poverty rate
16.7%
residents below the poverty line
Average commute
21 min
mean travel time to work
Broadband at home
90%
households with any broadband
Race and ethnicity (share of residents)
White 38%Hispanic 3%Black 52%Asian 2%Other 5%

White, Black, and Asian counts are people who are not Hispanic or Latino; Hispanic or Latino can be of any race. Shares are rounded and may not total 100.

Source: U.S. Census Bureau, American Community Survey 5-year estimates. Covers all residents, a separate universe from the IRS filer data. A 5-year estimate is an average over 2019–2023; compare years at least five apart, since consecutive windows overlap. How the data works.

HowAmericaMoves.com

Housing · what it costs to live here (ACS 2019–2023)

Median home value
$227,200
owner-occupied homes
25% below the U.S. median
Median rent
$995
gross rent per month
26% below the U.S. median
Homeownership
53%
of occupied homes are owner-occupied
Home-price appreciation · FHFA index, 2023
Past year
+2.9%
price change, 2022 to 2023
Past 5 years
+35%
price change, 2018 to 2023

A repeat-sales index (how much the same homes changed in price), so it tracks the market over time rather than the current level. Source: Federal Housing Finance Agency, annual all-transactions HPI; the county series is FHFA’s developmental index.

Home value is what owners estimate their homes are worth, not recent sale prices. Source: U.S. Census Bureau, American Community Survey 5-year estimates (2019–2023), nominal dollars. How the data works.

HowAmericaMoves.com
Local economy & risk

Jobs and natural hazards

Unemployment rate
3.7%
BLS 2023 annual average
Labor force
3,607
3,473 employed
Disaster declarations
major federal, 2023

Sources: U.S. Bureau of Labor Statistics (LAUS) and FEMA. A disaster declaration marks federal assistance eligibility, not damage severity, and says nothing about why anyone moved. How the data works.

HowAmericaMoves.com
Unemployment now
4.3%
April 2026 · ▲ 0.3 points vs April 2025
January 2024April 2026

Source: U.S. Bureau of Labor Statistics (LAUS). Monthly unemployment for this county, not seasonally adjusted. Updated every month, so it moves faster than the annual average above. How the data works.

HowAmericaMoves.com

How Franklin City, VA has voted. Certified returns, popular vote only. This is a separate dataset from the migration figures on this page.

YearDemocraticRepublicanOtherMarginTotal
20242,3591,47641D +22.83,876
20202,5251,48752D +25.54,064
20162,5191,421130D +27.04,070
20122,8331,49631D +30.74,360
20082,8191,57632D +28.14,427
20041,9101,61313D +8.43,536
20001,7631,39335D +11.63,191

Source: MIT Election Data and Science Lab county returns (CC0). Margins are the popular-vote gap as a share of all votes cast.

Get the next update for Franklin City, VA

The IRS releases new migration data once a year. Drop your email and we will send the refreshed numbers when they land. No spam, unsubscribe anytime.