Carnesville is quite important as the county seat of Franklin County, where it is located. Local residents of the city live within an area of about 6.4 sq. kms. It is also situated at a height of about 710 feet above the ground level. Some of the most important business activities of the town are primarily related with banks and other financial institutions, auto repair and auto financing facilities, auto hiring, health related facilities, gift shops, general order suppliers and many more. Agriculture related businesses are also an important part of the local economy.