Last updated: 2024 BLS data · Page refreshed:
Franklin has a population of 10,360 with a median age of 35.8. Here is the racial and ethnic breakdown of the population:
| Demographic | Value |
|---|---|
| Total Population | 10,360 |
| Median Age | 35.8 |
| White | 81.0% |
| Black or African American | 8.6% |
| Asian | 0.2% |
| Hispanic or Latino | 3.5% |
| Other / Two or More Races | 6.7% |
The median household income in Franklin is $59,052, which is 26.7% below the national median of $80,610. The per capita income is $27,990. The poverty rate is 17.1%.
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In Franklin, 88.5% of residents age 25+ have a high school diploma or higher, and 15.5% hold a bachelor's degree or higher (7.6% with a graduate or professional degree).
| Education Level | % of Adults (25+) |
|---|---|
| High School Diploma or Higher | 88.5% |
| Bachelor's Degree or Higher | 15.5% |
| Graduate or Professional Degree | 7.6% |
The median home value in Franklin is $195,400, below the national median of $303,400. The median monthly rent is $1,010. The homeownership rate is 55.0%.
| Housing Metric | Value |
|---|---|
| Median Home Value | $195,400 |
| Median Monthly Rent | $1,010 |
| Homeownership Rate | 55.0% |
| Vacancy Rate | 5.7% |
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