Franklin receives the higher standardized Area Score. That reflects AreaProfile's weighting, not a judgment about which place is better to live in.
Signals
Speedway
Franklin
Opportunity
64 · Top 34%
vs72 · Top 18%
Growth
30 · Bottom 17%
vs76 · Top 8%
Climate
68 · Bottom 39%
vs68 · Bottom 43%
Physical resilience
67 · Top 41%
vs65 · Top 44%
Housing affordability
80 · Bottom 49%
vs100 · Top 8%
Access
97 · Top 29%
vs92 · Top 50%
Economic stability
57 · Bottom 44%
vs60 · Bottom 48%
Measured values
| Metric | Speedway | Franklin | Source period |
|---|---|---|---|
| Population | 13,968 | 26,168 | 2024 ACS 5-Year |
| Median household income | $60,147 | $82,380 | 2024 ACS 5-Year |
| Per capita income | $34,395 | $37,366 | 2024 ACS 5-Year |
| Population density | 2,919/sq mi | 1,671/sq mi | 2024 ACS 5-Year |
| Median home value | $228,600 | $231,500 | 2024 ACS 5-Year |
| Median gross rent | $1,141 | $1,186 | 2024 ACS 5-Year |
| Homeownership rate | 45.2% | 65.7% | 2024 ACS 5-Year |
| Unemployment rate | 3.7% | 3.4% | June 2026 |
| Employment change (year over year) | -0.7% | -0.7% | June 2026 |
| Bachelor's degree or higher | 34.3% | 27.8% | 2024 ACS 5-Year |
| Poverty rate | 17.5% | 11.0% | 2024 ACS 5-Year |
| Housing units permitted (12 months) | 0 | 266 | 12 months ending July 2026 |
| Permits per 1,000 residents | 0.0 | 10.2 | 12 months ending July 2026 |
| Average July high | 85°F | 86°F | 1991-2020 Normals |
| Average January low | 21°F | 22°F | 1991-2020 Normals |
| Annual precipitation | 40.7" | 43.1" | 1991-2020 Normals |
| Distance to major airport | 6 mi | 20 mi | NASR current cycle |
| Average commute | 23.7 min | 26.3 min | 2024 ACS 5-Year |
| Median age | 34.5 | 34.5 | 2024 ACS 5-Year |
A bolded value is the more favorable of the two where the metric has a clear direction. Metrics like population and density have no inherent better or worse and are shown unweighted.
Physical risk tradeoff
Speedway
Elevated or high exposure: earthquake.
Franklin
Elevated or high exposure: tornado, earthquake.
Full profiles: Speedway, IN · Franklin, IN · How this is calculated: methodology