1st Advantage MortgageIn Franklin Parish, Louisiana, the typical household earns $47,020 a year and the typical rent is $721. Your income, debts and credit decide what you qualify for. Get offers in writing, compare the total repaid, and never pay a fee up front.
On this page
- Getting oriented in Franklin Parish
- Income in Franklin Parish compared with Louisiana
- How Franklin Parish residents earn a living
- Franklin Parish housing compared with Louisiana
- The communities that make up Franklin Parish
- Franklin Parish and the counties next door
- More Franklin Parish figures
- What the numbers mean for Franklin Parish borrowers
- Room for a loan payment in Franklin Parish
- A Franklin Parish borrower's checklist
- Lender oversight for Franklin Parish
- More guides for Franklin Parish
- Frequently asked questions
Getting oriented in Franklin Parish
The latest five-year Census estimate puts Franklin Parish's population at 19,408; only 46 of Louisiana's 64 county-level areas are larger. Spread over 624 square miles, that works out to roughly 31.1 residents per square mile. Under the July 2023 OMB definitions, Franklin Parish is not part of any metropolitan area. The Census Bureau counts 4 places in the county (4 incorporated, 0 census-designated); the largest is Winnsboro, with about 4,725 residents, or 24% of the county.
Income in Franklin Parish compared with Louisiana
Franklin Parish households have a median income of $47,020 (ACS 2020 to 2024), which ranks 45th of 64 in Louisiana.
| Household income | Franklin Parish | vs Louisiana |
|---|---|---|
| Under $35,000 | 36.5% | +5.7 pts |
| $35,000 to $99,999 | 43.5% | +4.1 pts |
| $100,000 to $199,999 | 15.2% | -6.9 pts |
| $200,000 or more | 4.9% | -2.9 pts |
Some 36% of households here live on less than $35,000 a year; 20% have six-figure incomes. 24.1% of residents fall below the federal poverty line (statewide: 18.9%). Income from any regular source can count, including Social Security, pensions and disability benefits, as long as you can document it.
How Franklin Parish residents earn a living
The biggest employer of Franklin Parish residents, by industry, is education and health care at 30% of workers, followed by retail trade (10%). Compared with Louisiana, the county leans toward agriculture, forestry and mining (10% against 3%). Averaged over the five survey years, 8.2% of the labor force was out of work and looking. About 80% drive to work alone and 16% have trips of 45 minutes or more. 8.0% of households have no vehicle.
| Top industries | Franklin Parish share | +/- vs Louisiana |
|---|---|---|
| Education and health care | 30.4% | +4.8 pts |
| Retail trade | 9.9% | -1.2 pts |
| Agriculture, forestry and mining | 9.5% | +6.5 pts |
| Construction | 7.9% | -0.4 pts |
| Public administration | 7.2% | +1.7 pts |
| Professional and administrative services | 6.6% | -3.2 pts |
A lender verifies what your own job pays. The county's industry mix tells you about the local economy, not about your application.
Franklin Parish housing compared with Louisiana
Renters in Franklin Parish pay a median of $721 a month, 32% below the Louisiana figure of $1,064. 45% of renting households spend 30% or more of income on rent, and 14% spend half or more. With a median value of $113,000, a typical Franklin Parish house costs 2.4 times what the median household earns in a year. Owners occupy 73% of homes. Median construction year: 1978.
| Measure | Franklin Parish | Louisiana | Median U.S. county |
|---|---|---|---|
| Median gross rent | $721/mo | $1,064/mo | $877/mo |
| Median home value | $113,000 | $216,500 | $185,300 |
| Owners | 73% | 67% | 75% |
| Rent-burdened renters | 45% | 55% | 45% |
| Burdened owners | 34% | 28% | n/a |
| Mobile homes | 20.2% | 12.6% | n/a |
| Vacant units | 16% | 14% | n/a |
Owners with equity have a second option. Weigh a secured line against an unsecured loan by risk as well as cost before you choose (how they compare).
The communities that make up Franklin Parish
4 Census places fall mainly inside Franklin Parish; the 4 biggest are below. They account for 6,127 residents, leaving about 68% of the county in unincorporated, unnamed areas. Live in one of these Franklin Parish communities, or between them? This is your local guide.
| Community | Type | Residents | Household income (median) | Rent (median) | Distance |
|---|---|---|---|---|---|
| Winnsboro | city | 4,725 | $35,573 | $731 | 3 mi |
| Wisner | town | 965 | $41,705 | $751 | 11 mi |
| Gilbert | village | 294 | $49,821 | $534 | 6 mi |
| Baskin | village | 143 | $61,667 | $850 | 9 mi |
Franklin Parish and the counties next door
Six nearby counties, 19 to 37 miles away by the straight-line distance between their centers. Income ranges from $35,456 in Madison Parish to $54,688 in Ouachita Parish; 4 of these neighbors top Franklin Parish's median.
| Neighbor | Distance | Income | Rent | Own |
|---|---|---|---|---|
| Franklin Parish | - | $47,020 | $721/mo | 73% |
| Richland Parish, LA | 19 mi | $53,544 | $903/mo | 67% |
| Tensas Parish, LA | 22 mi | $36,615 | $601/mo | 74% |
| Caldwell Parish, LA | 26 mi | $47,028 | $830/mo | 69% |
| Madison Parish, LA | 29 mi | $35,456 | $649/mo | 53% |
| Catahoula Parish, LA | 34 mi | $50,275 | $821/mo | 78% |
| Ouachita Parish, LA | 37 mi | $54,688 | $959/mo | 61% |
More Franklin Parish figures
College graduates make up 17% of the adult population. The uninsured rate is 7.7%, against 7.8% for Louisiana.
| People and households | Franklin Parish | Louisiana | Median county |
|---|---|---|---|
| Median age | 39.2 | 38.0 | 41.5 |
| Bachelor's or higher | 17.5% | 27.0% | 22.2% |
| No high school diploma | 19.3% | 12.7% | n/a |
| No health insurance | 7.7% | 7.8% | 7.8% |
| No vehicle | 8.0% | 8.4% | 5.4% |
| Work from home | 6.5% | 8.1% | 8.7% |
| Poverty rate | 24.1% | 18.9% | 13.2% |
| Unemployment (ACS) | 8.2% | 6.3% | 4.4% |
| Travel time to work | Workers |
|---|---|
| Under 15 min | 35.0% |
| 15 to 29 min | 31.9% |
| 30 to 44 min | 17.3% |
| 45 to 59 min | 4.1% |
| 60+ min | 11.8% |
What the numbers mean for Franklin Parish borrowers
Based on the Franklin Parish data above, these borrowing questions are most likely to matter locally.
- Mobile home upkeep. 20% of units fall in this category; roof, skirting and HVAC jobs are common reasons to borrow.
- Lower-cost alternatives. In a county with 24% in poverty, nonprofit credit counseling may beat a loan (options).
- 45% rent-burdened. A payment on top of high rent needs a cushion; size it with the calculator.
Room for a loan payment in Franklin Parish
How much room does a median Franklin Parish budget have? Take median income, subtract median rent, and check what is left under a few common debt-to-income limits.
- Monthly gross at the median, Franklin Parish: $3,918
- 18% goes to median rent ($721)
- At 40%, room after rent is $846 a month
Car, student loan and card payments come out of that room first. Try your own numbers in the calculator.
A Franklin Parish borrower's checklist
Four checks before you sign anything:
- Get a written quote for whatever you are paying for in Franklin Parish.
- Collect three written offers and compare APR and total repaid.
- Confirm the lender is licensed in Louisiana.
- Confirm the first due date before setting up autopay.
Lender oversight for Franklin Parish
Consumer lenders serving Franklin Parish are licensed by the state, not the county; in Louisiana that is the Louisiana Office of Financial Institutions. Banks and credit unions have their own regulators, and the CFPB takes complaints about any lender. Statewide data and rules: Louisiana guide.
More guides for Franklin Parish
For statewide rules and data, see the Louisiana guide.
Frequently asked questions
What does a typical Franklin Parish household make?
About $47,020 a year at the median (ACS 2020-24), 23% below the Louisiana median.
What do renters pay in Franklin Parish?
$721 a month at the median, about 18% of median household income.
Does this page cover Winnsboro?
Yes, along with the other 3 Census places in Franklin Parish, such as Wisner, Gilbert, Baskin.
Does my county matter to the questionnaire?
Only your state does. Whether you live in Franklin Parish or elsewhere in Louisiana, the same rules apply.
Who regulates personal lenders for Franklin Parish residents?
The Louisiana Office of Financial Institutions licenses consumer lenders in Louisiana; the CFPB takes complaints about any lender, and the FTC wants to hear about fee-first offers.