Last updated: 2024 BLS data · Page refreshed:
Franklin has a population of 4,968 with a median age of 48.5. Here is the racial and ethnic breakdown of the population:
| Demographic | Value |
|---|---|
| Total Population | 4,968 |
| Median Age | 48.5 |
| White | 76.2% |
| Black or African American | 1.5% |
| Asian | 0.1% |
| Hispanic or Latino | 21.3% |
| Other / Two or More Races | 0.9% |
The median household income in Franklin is $92,744, which is 15.1% above the national median of $80,610. The per capita income is $43,657. The poverty rate is 8.0%.
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In Franklin, 91.6% of residents age 25+ have a high school diploma or higher, and 19.7% hold a bachelor's degree or higher (6.6% with a graduate or professional degree).
| Education Level | % of Adults (25+) |
|---|---|
| High School Diploma or Higher | 91.6% |
| Bachelor's Degree or Higher | 19.7% |
| Graduate or Professional Degree | 6.6% |
The median home value in Franklin is $272,600, below the national median of $303,400. The median monthly rent is $1,381. The homeownership rate is 56.2%.
| Housing Metric | Value |
|---|---|
| Median Home Value | $272,600 |
| Median Monthly Rent | $1,381 |
| Homeownership Rate | 56.2% |
| Vacancy Rate | 2.8% |
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