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Franklin, Arkansas

Last updated: 2024 BLS data · Page refreshed:

City Profile — Demographics, Income, Education & Housing
Data: U.S. Census Bureau, American Community Survey 2024 5-Year Estimates
283
Population
$50,000
Median Income
$117,500
Home Value
33.8
Median Age

Demographics

Franklin has a population of 283 with a median age of 33.8. Here is the racial and ethnic breakdown of the population:

White
93.3%
Black
3.9%
Other
2.1%
Hispanic
0.7%
Demographic Value
Total Population283
Median Age33.8
White93.3%
Black or African American3.9%
Hispanic or Latino0.7%
Other / Two or More Races2.1%
Franklin, Arkansas — racial composition (Census ACS 2024)Donut chart of 4 segments totaling 100.White: 93.3%Black: 3.9%Other: 2.1%Other: 0.7%283PopulationWhiteWhite93.3%BlackBlack3.9%OtherOther2.1%OtherOther0.7%

Income & Economy

The median household income in Franklin is $50,000, which is 38.0% below the national median of $80,610. The per capita income is $30,858. The poverty rate is 26.5%.

$50,000
Median Household Income
$30,858
Per Capita Income
26.5%
Poverty Rate

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Education

In Franklin, 80.3% of residents age 25+ have a high school diploma or higher, and 8.9% hold a bachelor's degree or higher.

HS Diploma+
80.3%
Bachelor's+
8.9%
Education Level % of Adults (25+)
High School Diploma or Higher80.3%
Bachelor's Degree or Higher8.9%

Housing

The median home value in Franklin is $117,500, below the national median of $303,400. The homeownership rate is 99.0%.

$117,500
Median Home Value
99.0%
Homeownership Rate
Housing Metric Value
Median Home Value$117,500
Homeownership Rate99.0%
Vacancy Rate20.7%

Salaries in Arkansas

Explore salary data for popular occupations in Arkansas:

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Other Cities in Arkansas

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Frequently Asked Questions

What is the population of Franklin, Arkansas?
The population of Franklin, Arkansas is 283 according to U.S. Census Bureau ACS 2024 5-Year Estimates.
What is the median household income in Franklin, Arkansas?
The median household income in Franklin, Arkansas is $50,000. This is 38.0% below the national median of $80,610.
What is the median home value in Franklin, Arkansas?
The median home value in Franklin, Arkansas is $117,500.
What percentage of people in Franklin have a college degree?
In Franklin, Arkansas, 8.9% of adults age 25 and older hold a bachelor's degree or higher, and 80.3% have a high school diploma or higher.
Is Franklin, Arkansas an affordable place to live?
The home price-to-income ratio in Franklin, Arkansas is 2.4x (median home value $117,500 vs. median income $50,000), making it relatively affordable by that measure. A ratio under 4.0 is generally considered affordable.

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