Last updated: 2024 BLS data · Page refreshed:
Franklin has a population of 650 with a median age of 36.4. Here is the racial and ethnic breakdown of the population:
| Demographic | Value |
|---|---|
| Total Population | 650 |
| Median Age | 36.4 |
| White | 97.7% |
| Asian | 0.9% |
| Hispanic or Latino | 1.4% |
The median household income in Franklin is $75,714, which is 6.1% below the national median of $80,610. The per capita income is $47,836. The poverty rate is 6.2%.
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In Franklin, 94.1% of residents age 25+ have a high school diploma or higher, and 20.9% hold a bachelor's degree or higher (8.4% with a graduate or professional degree).
| Education Level | % of Adults (25+) |
|---|---|
| High School Diploma or Higher | 94.1% |
| Bachelor's Degree or Higher | 20.9% |
| Graduate or Professional Degree | 8.4% |
The median home value in Franklin is $116,400, below the national median of $303,400. The median monthly rent is $940. The homeownership rate is 65.8%.
| Housing Metric | Value |
|---|---|
| Median Home Value | $116,400 |
| Median Monthly Rent | $940 |
| Homeownership Rate | 65.8% |
| Vacancy Rate | 10.3% |
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