Last updated: 2024 BLS data · Page refreshed:
Franklin has a population of 4,268 with a median age of 48.1. Here is the racial and ethnic breakdown of the population:
| Demographic | Value |
|---|---|
| Total Population | 4,268 |
| Median Age | 48.1 |
| White | 82.4% |
| Black or African American | 4.2% |
| Asian | 0.7% |
| Hispanic or Latino | 9.0% |
| Other / Two or More Races | 3.7% |
The median household income in Franklin is $47,888, which is 40.6% below the national median of $80,610. The per capita income is $33,501. The poverty rate is 12.7%.
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In Franklin, 85.4% of residents age 25+ have a high school diploma or higher, and 25.6% 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 | 85.4% |
| Bachelor's Degree or Higher | 25.6% |
| Graduate or Professional Degree | 8.7% |
The median home value in Franklin is $195,000, below the national median of $303,400. The median monthly rent is $725. The homeownership rate is 58.2%.
| Housing Metric | Value |
|---|---|
| Median Home Value | $195,000 |
| Median Monthly Rent | $725 |
| Homeownership Rate | 58.2% |
| Vacancy Rate | 9.6% |
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