Last updated: 2024 BLS data · Page refreshed:
Franklin has a population of 33,154 with a median age of 41.3. Here is the racial and ethnic breakdown of the population:
| Demographic | Value |
|---|---|
| Total Population | 33,154 |
| Median Age | 41.3 |
| White | 83.9% |
| Black or African American | 2.1% |
| Asian | 6.1% |
| Hispanic or Latino | 5.3% |
| Other / Two or More Races | 2.6% |
The median household income in Franklin is $145,773, which is 80.8% above the national median of $80,610. The per capita income is $65,125. The poverty rate is 5.9%.
The unemployment rate in Franklin is 3.8%, compared to the national rate of 4.1%.
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In Franklin, 97.6% of residents age 25+ have a high school diploma or higher, and 58.1% hold a bachelor's degree or higher (24.3% with a graduate or professional degree).
| Education Level | % of Adults (25+) |
|---|---|
| High School Diploma or Higher | 97.6% |
| Bachelor's Degree or Higher | 58.1% |
| Graduate or Professional Degree | 24.3% |
The median home value in Franklin is $611,700, above the national median of $303,400. The median monthly rent is $1,899. The homeownership rate is 78.2%.
| Housing Metric | Value |
|---|---|
| Median Home Value | $611,700 |
| Median Monthly Rent | $1,899 |
| Homeownership Rate | 78.2% |
| Vacancy Rate | 4.9% |
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