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Franklin County, Alabama Economic Analysis


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Economic Analysis

People and the communities they live in depend on money. The people of Franklin County, Alabama need food, shelter, clothing, and medical care. Business formation and job creation are essential to this community. Money sustains infrastructure such as roads and airports as well as human resources including fire rescue and police protection.

Energy Costs In Alabama

    Residential
(cents per
kilowatthour)
Commercial
(cents per
kilowatthour)
Industrial
(cents per
kilowatthour)
Other
(cents per
kilowatthour)
Transportation
(cents per
kilowatthour)
Total
(cents per
kilowatthour)
1990              
  Energy-Only Providers 0.00 0.00 0.00 0.00 0.00 0.00
  Full-Service Providers 6.59 6.72 4.34 5.61 0.00 5.57
  Total Electric Industry 6.59 6.72 4.34 5.61 0.00 5.57
1991              
  Energy-Only Providers 0.00 0.00 0.00 0.00 0.00 0.00
  Full-Service Providers 6.69 6.81 4.37 5.77 0.00 5.64
  Total Electric Industry 6.69 6.81 4.37 5.77 0.00 5.64
1992              
  Energy-Only Providers 0.00 0.00 0.00 0.00 0.00 0.00
  Full-Service Providers 6.69 6.85 4.29 5.84 0.00 5.57
  Total Electric Industry 6.69 6.85 4.29 5.84 0.00 5.57
1993              
  Energy-Only Providers 0.00 0.00 0.00 0.00 0.00 0.00
  Full-Service Providers 6.82 6.93 4.34 5.89 0.00 5.67
  Total Electric Industry 6.82 6.93 4.34 5.89 0.00 5.67
1994              
  Energy-Only Providers 0.00 0.00 0.00 0.00 0.00 0.00
  Full-Service Providers 6.69 6.76 4.12 6.28 0.00 5.48
  Total Electric Industry 6.69 6.76 4.12 6.28 0.00 5.48
1995              
  Energy-Only Providers 0.00 0.00 0.00 0.00 0.00 0.00
  Full-Service Providers 6.71 6.73 4.05 7.35 0.00 5.47
  Total Electric Industry 6.71 6.73 4.05 7.35 0.00 5.47
1996              
  Energy-Only Providers 0.00 0.00 0.00 0.00 0.00 0.00
  Full-Service Providers 6.63 6.49 3.90 6.82 0.00 5.35
  Total Electric Industry 6.63 6.49 3.90 6.82 0.00 5.35
1997              
  Energy-Only Providers 0.00 0.00 0.00 0.00 0.00 0.00
  Full-Service Providers 6.74 6.34 3.71 6.47 0.00 5.33
  Total Electric Industry 6.74 6.34 3.71 6.47 0.00 5.33
1998              
  Energy-Only Providers 0.00 0.00 0.00 0.00 0.00 0.00
  Full-Service Providers 6.94 6.54 3.89 7.26 0.00 5.56
  Total Electric Industry 6.94 6.54 3.89 7.26 0.00 5.56
1999              
  Energy-Only Providers 0.00 0.00 0.00 0.00 0.00 0.00
  Full-Service Providers 7.03 6.54 3.82 7.02 0.00 5.54
  Total Electric Industry 7.03 6.54 3.82 7.02 0.00 5.54
2000              
  Energy-Only Providers 0.00 0.00 0.00 0.00 0.00 0.00
  Full-Service Providers 7.05 6.58 3.87 7.12 0.00 5.61
  Total Electric Industry 7.05 6.58 3.87 7.12 0.00 5.61
2001              
  Full-Service Providers 7.01 6.53 3.79 7.11 0.00 5.60
  Total Electric Industry 7.01 6.53 3.79 7.11 0.00 5.60
2002              
  Full-Service Providers 7.12 6.63 3.82 7.46 0.00 5.71
  Total Electric Industry 7.12 6.63 3.82 7.46 0.00 5.71
2003              
  Full-Service Providers 7.39 6.85 3.98 0.00 0.00 5.88
  Total Electric Industry 7.39 6.85 3.98 0.00 0.00 5.88
2004              
  Full-Service Providers 7.62 7.12 4.15 0.00 0.00 6.08
  Total Electric Industry 7.62 7.12 4.15 0.00 0.00 6.08
2005              
  Full-Service Providers 8.00 7.50 4.52 0.00 0.00 6.46
  Total Electric Industry 8.00 7.50 4.52 0.00 0.00 6.46
2006              
  Full-Service Providers 8.75 8.18 4.90 0.00 0.00 7.07
  Total Electric Industry 8.75 8.18 4.90 0.00 0.00 7.07

(updated 2006)



Time Leaving to Work in Franklin County, Alabama

12:00 A.M. TO 4:59 A.M.   : 690   (5.5%)
5:00 A.M. TO 5:29 A.M.   : 552   (4.4%)
5:30 A.M. TO 5:59 A.M.   : 724   (5.8%)
6:00 A.M. TO 6:29 A.M.   : 1,883   (15.0%)
6:30 A.M. TO 6:59 A.M.   : 1,886   (15.1%)
7:00 A.M. TO 7:29 A.M.   : 1,906   (15.2%)
7:30 A.M. TO 7:59 A.M.   : 1,864   (14.9%)
8:00 A.M. TO 8:29 A.M.   : 667   (5.3%)
8:30 A.M. TO 8:59 A.M.   : 218   (1.7%)
9:00 A.M. TO 9:59 A.M.   : 339   (2.7%)
10:00 A.M. TO 10:59 A.M.   : 125   (1.0%)
11:00 A.M. TO 11:59 A.M.   : 65   (0.5%)
12:00 P.M. TO 3:59 P.M.   : 789   (6.3%)
4:00 P.M. TO 11:59 P.M.   : 813   (6.5%)


(updated 2010)



Household Size By Vehicles Available
(Franklin County, Alabama)

1-person household:

No vehicle available : 345

1 vehicle available : 2,136

2 vehicles available : 648

3 vehicles available : 177

4 or more vehicles available : 4

2-person household:

No vehicle available : 198

1 vehicle available : 865

2 vehicles available : 1,913

3 vehicles available : 806

4 or more vehicles available : 280

3-person household:

No vehicle available : 120

1 vehicle available : 725

2 vehicles available : 491

3 vehicles available : 635

4 or more vehicles available : 172

4-or-more-person household:

No vehicle available : 21

1 vehicle available : 597

2 vehicles available : 835

3 vehicles available : 892

4 or more vehicles available : 278


(updated 2013)



Household Size By Number Of Workers In Household
(Franklin County, Alabama)

1-person household:

No workers : 2,074

1 worker : 1,236

2-person household:

No workers : 1,545

1 worker : 1,501

2 workers : 1,016

3-person household:

No workers : 544

1 worker : 844

2 workers : 635

3 workers : 120

4-or-more-person household:

No workers : 197

1 worker : 949

2 workers : 1,060

3 or more workers : 417


(updated 2013)



Travel Time To Work
(Franklin County, Alabama)

Less than 5 minutes : 252

5 to 9 minutes : 1,543

10 to 14 minutes : 1,981

15 to 19 minutes : 1,452

20 to 24 minutes : 1,363

25 to 29 minutes : 720

30 to 34 minutes : 2,028

35 to 39 minutes : 244

40 to 44 minutes : 432

45 to 59 minutes : 1,047

60 to 89 minutes : 837

90 or more minutes : 318


(updated 2013)



Occupations in Franklin County, Alabama

Male:


  • Management, Professional, And Related Occupations: 1,106  (15.1%)
  • Service Occupations: 512  (7.0%)
  • Sales And Office Occupations: 751  (10.3%)
  • Farming, Fishing, And Forestry Occupations 168  (2.3%)
  • Construction, Extraction, And Maintenance Occupations: 1,680  (23.0%)

Female:


  • Management, Professional, And Related Occupations: 1,517  (26.2%)
  • Service Occupations: 961  (16.6%)
  • Sales And Office Occupations: 1,692  (29.3%)
  • Farming, Fishing, And Forestry Occupations 53  (0.9%)
  • Construction, Extraction, And Maintenance Occupations: 90  (1.6%)


(updated 2010)





Employment Rate In Franklin County, Alabama

Employed: 13,543
Unemployed: 587



Minority Owned Firms of 100 or More in
Franklin County, Alabama

  • Total Black-owned firms of 100 or more, percent 2002: 0.0%
  • Total American Indian-and Alaska Native-owned firms of 100 or more, percent 2002: 0.0%
  • Total Asian-owned firms of 100 or more, percent 2002: 0.0%
  • Total Hispanic-owned firms of 100 or more, percent 2002: 0.0%
  • Total Native Hawaiian-and Other Pacific Islander-owned firms of 100 or more, percent 2002: 0.0%
  • Total women-owned firms of 100 or more, percent 2002: 24.9%
  • Other: 75.1%



Water Usage In Franklin County, Alabama

Ground Water

 
Fresh 1.80 Mgal/d
Saline 0.00 Mgal/d

Total 1.80 Mgal/d
 

Surface Water

 
Fresh 3.01 Mgal/d
Saline 0.00 Mgal/d

Total 3.01 Mgal/d





There are 971 Farms In Franklin County, Alabama


(updated 2008)



Banks In Franklin County, Alabama

Cb&s Bank, Inc. - 6 Branches


    Bank Assets: $8.9m
    Industry Specialization: All Other > $1 Billion
    Total Offices: 55

Community Spirit Bank - 4 Branches


    Bank Assets: $573.6k
    Industry Specialization: Commercial Lending
    Total Offices: 5

Bank Independent - 3 Branches


    Bank Assets: $3.3m
    Industry Specialization: Commercial Lending
    Total Offices: 26

Valley State Bank - 3 Branches


    Bank Assets: $384.6k
    Industry Specialization: Other < $1 Billion
    Total Offices: 4

First Metro Bank - 1 Branches


    Bank Assets: $530k
    Industry Specialization: Commercial Lending
    Total Offices: 8

(updated 2014)







Airports Near Franklin County, Alabama

  • Northwest Alabama Regional


    (about 23.1 miles in Muscle Shoals, Alabama; Airport Code: MSL)

  • Marion County


    (about 25.0 miles in Hamilton, Alabama; Airport Code: HAB)

  • Pryor Field Regional


    (about 52.1 miles in Tanner, Alabama; Airport Code: DCU)

  • Roscoe Turner


    (about 53.7 miles in Corinth, Mississippi; Airport Code: CRX)

  • Tupelo Regional


    (about 55.2 miles in Tupelo, Mississippi; Airport Code: TUP)

  • Huntsville International-Carl T Jones Field


    (about 61.3 miles in Huntsville, Alabama; Airport Code: HSV)

  • Lawrenceburg-Lawrence County


    (about 62.3 miles in Ethridge, Tennessee; Airport Code: LWF)

  • Abernathy Field


    (about 64.8 miles in Pulaski, Tennessee; Airport Code: TN4)

  • Columbus AFB


    (about 66.7 miles in Columbus, Mississippi; Airport Code: CBM)

  • Redstone AAF


    (about 66.9 miles in Huntsville, Alabama; Airport Code: HUA)

  • Lowndes County


    (about 75.9 miles in Columbus, Mississippi; Airport Code: UBS)

  • Columbus-Lowndes County


    (about 75.9 miles in Columbus, Mississippi; Airport Code: UBS)

  • Madison County Executive/Tom Sharp Jr. Field


    (about 77.5 miles in Meridianville, Alabama; Airport Code: AL3)

  • Golden Triangle Regional


    (about 82.5 miles in Columbus, Mississippi; Airport Code: GTR)

  • Maury County


    (about 83.8 miles in Mount Pleasant, Tennessee; Airport Code: MRC)

  • Tuscaloosa Regional


    (about 86.9 miles in Northport, Alabama; Airport Code: TCL)

  • Franklin Wilkins


    (about 87.6 miles in Lexington, Tennessee; Airport Code: TN5)

  • Birmingham International


    (about 87.7 miles in Birmingham, Alabama; Airport Code: BHM)

  • Birmingham Airport


    (about 87.7 miles in Birmingham, Alabama; Airport Code: BHM)

  • Birmingham-Shuttlesworth International


    (about 87.7 miles in Birmingham, Alabama; Airport Code: BHM)


(updated 2015)



Modes of Transportation in Franklin County, Alabama

Car, Truck, Or Van:

 

Drove Alone

79.04%

Carpooled

16.40%

Public Transportation:

 

Bus Or Trolley Bus

0.45%

Streetcar Or Trolley Car

0.0%

Subway Or Elevated

0.0%

Railroad

0.0%

Ferryboat

0.0%

Taxicab

0.0%

Motorcycle

0.0%

Bicycle

0.0%

Walked

0.97%

Other Means

0.66%

Worked At Home

2.48%



(updated 2010)





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