Last updated: 2024 BLS data · Page refreshed:
Franklin has a population of 26,168 with a median age of 34.5. Here is the racial and ethnic breakdown of the population:
| Demographic | Value |
|---|---|
| Total Population | 26,168 |
| Median Age | 34.5 |
| White | 90.3% |
| Black or African American | 3.0% |
| Asian | 1.5% |
| Hispanic or Latino | 2.7% |
| Other / Two or More Races | 2.5% |
The median household income in Franklin is $82,380, which is 2.2% above the national median of $80,610. The per capita income is $37,366. The poverty rate is 11.0%.
The unemployment rate in Franklin is 3.7%, compared to the national rate of 4.1%.
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In Franklin, 91.4% of residents age 25+ have a high school diploma or higher, and 27.8% hold a bachelor's degree or higher (8.7% with a graduate or professional degree).
| Education Level | % of Adults (25+) |
|---|---|
| High School Diploma or Higher | 91.4% |
| Bachelor's Degree or Higher | 27.8% |
| Graduate or Professional Degree | 8.7% |
The median home value in Franklin is $231,500, below the national median of $303,400. The median monthly rent is $1,186. The homeownership rate is 65.7%.
| Housing Metric | Value |
|---|---|
| Median Home Value | $231,500 |
| Median Monthly Rent | $1,186 |
| Homeownership Rate | 65.7% |
| Vacancy Rate | 6.7% |
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