Last updated: 2024 BLS data · Page refreshed:
Franklin has a population of 981 with a median age of 51.9. Here is the racial and ethnic breakdown of the population:
| Demographic | Value |
|---|---|
| Total Population | 981 |
| Median Age | 51.9 |
| White | 18.0% |
| Black or African American | 69.5% |
| Hispanic or Latino | 0.5% |
| Other / Two or More Races | 12.0% |
The median household income in Franklin is $85,817, which is 6.5% above the national median of $80,610. The per capita income is $42,120. The poverty rate is 17.3%.
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In Franklin, 90.1% of residents age 25+ have a high school diploma or higher, and 40.9% hold a bachelor's degree or higher (28.1% with a graduate or professional degree).
| Education Level | % of Adults (25+) |
|---|---|
| High School Diploma or Higher | 90.1% |
| Bachelor's Degree or Higher | 40.9% |
| Graduate or Professional Degree | 28.1% |
The median home value in Franklin is $77,900, below the national median of $303,400. The median monthly rent is $746. The homeownership rate is 81.8%.
| Housing Metric | Value |
|---|---|
| Median Home Value | $77,900 |
| Median Monthly Rent | $746 |
| Homeownership Rate | 81.8% |
| Vacancy Rate | 20.8% |
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