Last updated: 2024 BLS data · Page refreshed:
Franklin has a population of 8,799 with a median age of 42.7. Here is the racial and ethnic breakdown of the population:
| Demographic | Value |
|---|---|
| Total Population | 8,799 |
| Median Age | 42.7 |
| White | 94.7% |
| Black or African American | 0.3% |
| Asian | 0.3% |
| Hispanic or Latino | 0.2% |
| Other / Two or More Races | 4.5% |
The median household income in Franklin is $71,648, which is 11.1% below the national median of $80,610. The per capita income is $35,955. The poverty rate is 7.0%.
The unemployment rate in Franklin is 2.2%, compared to the national rate of 4.1%.
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In Franklin, 90.7% of residents age 25+ have a high school diploma or higher, and 19.1% hold a bachelor's degree or higher (8.5% with a graduate or professional degree).
| Education Level | % of Adults (25+) |
|---|---|
| High School Diploma or Higher | 90.7% |
| Bachelor's Degree or Higher | 19.1% |
| Graduate or Professional Degree | 8.5% |
The median home value in Franklin is $262,200, below the national median of $303,400. The median monthly rent is $1,110. The homeownership rate is 64.2%.
| Housing Metric | Value |
|---|---|
| Median Home Value | $262,200 |
| Median Monthly Rent | $1,110 |
| Homeownership Rate | 64.2% |
| Vacancy Rate | 10.1% |
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