Median Salary
$100,490
Vs National Avg
Hourly Wage
$48.31
Dollars / Hr
Workforce
0.2k
Total Jobs
Growth
+6%
10-Year Outlook
The Franklin Project Manager's Career Guide
As a career analyst whoās spent years mapping the professional landscape of Middle Tennessee, I can tell you that Franklin isnāt just a historic town with charming brick streets and Civil War lore. Itās a high-performing, data-driven economic engine thatās become one of the most attractive destinations for project management professionals in the Southeast. Whether youāre drawn to the corporate headquarters vibe of Cool Springs or the tight-knit community feel of the downtown historic district, Franklin offers a compelling blend of opportunity and quality of life.
This guide cuts through the promotional fluff. Weāll use hard data from the Bureau of Labor Statistics (BLS), the U.S. Census, and local market reports to give you a grounded, realistic picture of what it means to be a Project Manager in Franklināfrom your paycheck to your commute, and from your first job to your long-term career trajectory.
The Salary Picture: Where Franklin Stands
Letās start with the numbers that matter. The median salary for a Project Manager in the Franklin metro area is $100,490 per year, which translates to an hourly rate of $48.31. This figure is pulled directly from the most recent BLS Occupational Employment and Wage Statistics (OEWS) data. Itās important to understand that this is a medianāmeaning half of all Project Managers in the area earn more, and half earn less.
To put this in perspective, the national average for Project Managers is $101,280/year. Franklinās median salary is virtually neck-and-neck with the national figure, which is a strong signal of a healthy, competitive local market. It tells you that the cost of living, while rising, hasnāt yet outpaced the earning potential for skilled professionals in this field.
Experience-Level Breakdown
While the median is a great benchmark, your actual salary will depend heavily on your experience, industry, and the complexity of the projects you manage. Based on local job postings and industry surveys, hereās a realistic breakdown:
| Experience Level | Typical Years | Estimated Annual Salary Range (Franklin) |
|---|---|---|
| Entry-Level | 0-3 years | $65,000 - $82,000 |
| Mid-Level | 4-7 years | $90,000 - $115,000 |
| Senior | 8-12 years | $115,000 - $140,000 |
| Expert/Lead | 12+ years | $140,000 - $180,000+ |
Insider Tip: The upper end of the "Expert" range is often found in specialized fields like healthcare IT, financial services, or large-scale construction projects. The "Entry-Level" range is competitive for the region, but be prepared to negotiate. Many local companies in the Cool Springs corridor are willing to pay a premium for candidates with PMP (Project Management Professional) certification.
How Franklin Compares to Other Tennessee Cities
Franklinās salary is strong, but how does it stack up against Tennesseeās other major metros? The data shows Franklin is a top-tier market in the state.
| City | Median Annual Salary (Project Manager) | Cost of Living Index (US Avg=100) |
|---|---|---|
| Franklin Metro | $100,490 | 97.4 |
| Nashville Metro | $102,340 | 98.2 |
| Chattanooga Metro | $92,870 | 89.5 |
| Knoxville Metro | $91,550 | 90.1 |
| Memphis Metro | $95,450 | 87.3 |
While Nashvilleās median salary is slightly higher ($102,340), Franklinās significantly lower cost of living index (97.4 vs. Nashville's 98.2) means your purchasing power is often greater. You get a salary thatās comparable to the big city, but your housing and daily expenses can be more manageable, especially if youāre willing to commute from surrounding areas.
š Compensation Analysis
š Earning Potential
Wage War Room
Real purchasing power breakdown
Select a city above to see who really wins the salary war.
The Real Take-Home: After Taxes and Rent
A six-figure salary sounds great, but the real question is: whatās left after the government and your landlord take their share? Letās break down a realistic monthly budget for a Project Manager earning the Franklin median of $100,490/year.
Assumptions for this breakdown:
- Taxes: Filing as single, claiming the standard deduction. This includes federal income tax, Social Security (6.2%), Medicare (1.45%), and Tennesseeās 0% state income tax (a major benefit). Your effective tax rate will be roughly 22-25%.
- Rent: Based on the average 1-bedroom rent in Franklin of $1,442/month.
- Other Expenses: Weāll allocate for common categories based on standard budgeting rules.
Monthly Budget Breakdown (Gross Pay: $8,374)
| Category | Amount | Percentage of Gross |
|---|---|---|
| Gross Monthly Pay | $8,374 | 100% |
| Estimated Taxes & Deductions | -$2,093 | 25% |
| Net (Take-Home) Pay | $6,281 | 75% |
| Rent (1-Bedroom Average) | -$1,442 | 23% |
| Utilities (Est.) | -$250 | 4% |
| Groceries | -$450 | 7% |
| Transportation (Car/Insurance/Gas) | -$600 | 10% |
| Health Insurance (Employer Plan) | -$400 | 6% |
| Retirement/ Savings (10%) | -$837 | 10% |
| Discretionary Spending | $1,302 | 21% |
| Remaining Buffer | $1,302 | 21% |
Analysis: After all essential expenses and savings, youāre left with a healthy $1,302/month buffer. This is a very manageable position. The key driver here is Tennesseeās lack of a state income tax, which can add hundreds of dollars to your monthly take-home pay compared to states like Georgia or North Carolina.
Can They Afford to Buy a Home?
This is the million-dollar question. The median home price in Franklin is approximately $500,000 (as of late 2023/early 2024). Letās see if our Project Manager can afford it.
- 20% Down Payment: $100,000
- Loan Amount: $400,000
- Estimated Mortgage (at 7% interest, 30-year fixed): ~$2,660/month
- Property Taxes & Insurance (Est.): ~$600/month
- Total Housing Payment: ~$3,260/month
The Verdict: The total housing payment of $3,260 would consume about 52% of the Project Manager's net take-home pay ($6,281). This is above the recommended 30-35% threshold and is not financially advisable on a single median income. However, this changes dramatically if:
- You have a dual-income household.
- You have a substantial down payment (more than 20%).
- You secure a salary above the median (e.g., in a Senior role).
- You look at neighboring areas like Spring Hill or Nolensville, where home prices are lower.
Insider Tip: Many professionals in Franklin live in more affordable surrounding towns and commute. Williamson County is large, and the housing market in areas like Leiper's Fork or College Grove offers more land and space for the money, albeit with a longer drive to the Cool Springs business district.
š° Monthly Budget
š Snapshot
Where the Jobs Are: Franklin's Major Employers
Franklinās job market is anchored by a powerful mix of corporate headquarters, healthcare, and service industries. The BLS notes there are approximately 177 Project Manager jobs in the Franklin metro area. While this seems like a small number, itās a dense, high-value market. The opportunities are concentrated, and the competition is for the best roles, not just any role.
Here are the major local employers actively hiring Project Managers:
- Community Health Systems (CHS) Headquarters: Located in the Cool Springs area, this large hospital management company is a perennial employer of IT and operational Project Managers. They handle everything from electronic health record (EHR) implementations to new facility construction.
- HealthTrust (HCA Healthcare): While HCA is based in Nashville, its supply chain and group purchasing arm, HealthTrust, is headquartered in Franklin. They need PMs for supply chain optimization, technology rollouts, and vendor management projects.
- A Healthcare (formerly Amsurg): A leader in ambulatory surgery center management, headquartered in Franklin. Their projects often involve facility management, compliance, and integrating new surgical centers into their network.
- Franklin American Mortgage Company: A major player in the mortgage lending industry. They hire Project Managers for process improvement, technology integration (FinTech), and compliance-related projects within their corporate operations.
- Anderson & Associates (A&A): A prominent local civil engineering and surveying firm. They hire Construction Project Managers for land development, transportation, and municipal projects across Williamson County.
- OāReilly Auto Parts Distribution Center: While the corporate HQ is in Missouri, OāReilly has a massive distribution campus in Franklin. They need Logistics and Supply Chain Project Managers to manage warehouse automation, inventory systems, and distribution network expansions.
- Regional Healthcare Systems: Both St. Thomas Rutherford Hospital (in Murfreesboro, a common commute) and TriStar Southern Hills Medical Center (in Nashville) have significant operations that serve Franklin residents and employ PMs for clinical and facility projects.
Hiring Trends: The local market is seeing a steady demand for PMs with agile/scrum certifications, especially in the tech and healthcare IT sectors. Thereās also a consistent need for construction PMs, driven by the ongoing commercial and residential development in the Cool Springs and Berryās Chapel corridors.
Getting Licensed in TN
Unlike fields like nursing or law, there is no state-specific license required to practice as a Project Manager in Tennessee. The profession is largely certification-based. However, understanding the local professional landscape is key.
- Primary Certification: The Project Management Professional (PMP) from the Project Management Institute (PMI) is the gold standard. Most mid-to-large employers in Franklin list it as a "preferred" or "required" qualification. The exam costs $555 for non-PMI members and $405 for members (membership is $129/year).
- Other Valued Certs: Certified ScrumMaster (CSM), PRINCE2, and CAPM (Certified Associate in Project Management) are also well-regarded, particularly in agile environments.
- State Business License: If you plan to work as a freelance/contract Project Manager (1099), you will need to register your business with the Tennessee Secretary of State and may need a local business license from the City of Franklin or Williamson County. Fees vary but typically start around $25-$50 for registration.
- Timeline: Preparing for the PMP exam typically takes 3-6 months of study. The application process for the exam itself can take a few weeks. There is no state board exam; your certification is your credential.
Insider Tip: Join the local PMI Middle Tennessee Chapter (which covers Franklin). They host monthly meetings, often in Cool Springs or Nashville, which are invaluable for networking and staying on top of local job trends. A strong local network can often bypass the formal application process.
Best Neighborhoods for Project Managers
Where you live in Franklin depends on your lifestyle, family needs, and tolerance for commute. Hereās a breakdown of key areas:
- Cool Springs / West Franklin:
- Vibe: Corporate, modern, and convenient. This is the business district, with major offices, shopping, and easy access to I-65.
- Commute: Minimal to most employers. 5-15 minutes.
- Rent Estimate: $1,600 - $2,000/month for a 1BR in a modern complex.
- Downtown Historic Franklin:
- Vibe: Charming, walkable, and vibrant. Full of boutiques, restaurants, and historic homes. A great social scene.
- Commute: 10-20 minutes to Cool Springs. Can be walkable to some downtown offices.
- Rent Estimate: $1,500 - $1,800/month (limited inventory, mostly older apartments or carriage houses).
- Berryās Chapel / Southeast Franklin:
- Vibe: Quiet, suburban, and family-oriented. Newer subdivisions, top-rated schools, and more space.
- Commute: 15-25 minutes to Cool Springs, depending on traffic.
- Rent Estimate: $1,400 - $1,700/month for a 1BR in a newer complex.
- Spring Hill (South of Franklin):
- Vibe: Rapidly growing, more affordable, and has its own corporate hub (GM plant). A bedroom community with a strong identity.
- Commute: 20-35 minutes to Franklinās core. The I-65 corridor can be congested.
- Rent Estimate: $1,200 - $1,500/month for a 1BR, offering better value.
- Leiperās Fork / West Williamson:
- Vibe: Rural, artistic, and tight-knit. This is for those who want space, a slower pace, and don't mind a longer drive. It's a classic rural community with a surprising number of celebrities and artists.
- Commute: 30-45 minutes to Franklin. Itās a scenic drive, but not a quick one.
- Rent Estimate: Harder to find traditional apartments; renting a house or condo may be more feasible, often in the $1,500 - $2,000+ range.
The Long Game: Career Growth
Franklin is a fantastic place to build a long-term career, but you need a strategy.
- Specialty Premiums: As noted, certain specializations command higher pay. In Franklin, the biggest premiums are in:
- Healthcare IT/Compliance: (e.g., HIPAA, EHR systems). +10-15% premiums over the median.
- Construction/Civil Engineering: (Especially with PMP and PE license). +10-20% premiums.
- Agile/Scrum Mastery: In tech and financial services. +5-10% premiums.
- Advancement Paths: The typical path is from Project Coordinator to Project Manager to Senior PM, then to Program Manager (overseeing multiple projects) or Director of Project Management. The challenge in a mid-sized market like Franklin is that the number of "Director" level roles is limited. Many advancement-focused professionals eventually look to Nashville for executive roles or move into consulting.
- 10-Year Outlook: The 10-year job growth for Project Managers in the Franklin area is projected at 6%. This is slower than the national average (around 7%) but reflects a mature, stable market. Growth will be driven by the continued expansion of the healthcare and corporate sectors, as well as ongoing residential and commercial development. The key to staying relevant will be continuous learningāmastering new methodologies (like hybrid agile/waterfall) and technologies (like AI-driven project analytics).
The Verdict: Is Franklin Right for You?
Deciding to move is never just about the numbers. Itās about fit. Hereās a balanced look at the pros and cons.
| Pros | Cons |
|---|---|
| Salary vs. Cost of Living: Your $100,490 median salary goes further here than in most comparable cities due to the 0% state income tax and lower-than-national-average cost of living (97.4). | Housing Affordability: The median home price of ~$500,000 is a significant barrier to entry on a single median income. The rental market is also tight and competitive. |
| High-Quality Employers: Concentrated, stable employers in healthcare, finance, and logistics offer low-risk, long-term career opportunities. | Competition: For the best jobs at top employers, competition is fierce. Youāre not just competing with locals, but with talent attracted from Nashville and beyond. |
| Quality of Life & Culture: Excellent schools (Williamson County), low crime rates, and a vibrant downtown with genuine Southern charm. | Traffic & Commute: While not as bad as Nashville, the I-65 corridor between Franklin and Nashville can be a bottleneck. Commuting from farther out adds significant time. |
| Proximity to Nashville: You have access to Nashvilleās world-class music, sports, and airport, without having to live in the busier, more expensive metro core. | Limited "Big City" Amenities: While Franklin has great dining and shopping, youāll still go to Nashville for major concerts, pro sports, or specific high-end retail. |
Final Recommendation:
Franklin is an excellent choice for mid-to-senior level Project Managers (with 5+ years of experience) who value stability, quality of life, and a strong sense of community. Itās particularly well-suited for professionals in healthcare, construction, or corporate services looking for a long-term home with a manageable cost of living.
It is a challenging choice for entry-level PMs (due to competition and a higher rent-to-starting
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