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Franklin, Ohio

Last updated: 2024 BLS data · Page refreshed:

City Profile — Demographics, Income, Education & Housing
Data: U.S. Census Bureau, American Community Survey 2024 5-Year Estimates
11,712
Population
$58,587
Median Income
$183,100
Home Value
35.2
Median Age

Demographics

Franklin has a population of 11,712 with a median age of 35.2. Here is the racial and ethnic breakdown of the population:

White
87.0%
Hispanic
4.9%
Asian
3.7%
Black
3.0%
Other
1.4%
Demographic Value
Total Population11,712
Median Age35.2
White87.0%
Black or African American3.0%
Asian3.7%
Hispanic or Latino4.9%
Other / Two or More Races1.4%
Franklin, Ohio — racial composition (Census ACS 2024)Donut chart of 5 segments totaling 100.White: 87.0%Hispanic/Latino: 4.9%Asian: 3.7%Black: 3.0%Other: 1.4%11,712PopulationWhiteWhite87.0%Hispanic/LatinoHispanic/Latino4.9%AsianAsian3.7%BlackBlack3.0%OtherOther1.4%

Income & Economy

The median household income in Franklin is $58,587, which is 27.3% below the national median of $80,610. The per capita income is $32,714. The poverty rate is 22.5%.

$58,587
Median Household Income
$32,714
Per Capita Income
22.5%
Poverty Rate

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Education

In Franklin, 90.6% of residents age 25+ have a high school diploma or higher, and 15.8% hold a bachelor's degree or higher (4.9% with a graduate or professional degree).

HS Diploma+
90.6%
Bachelor's+
15.8%
Graduate+
4.9%
Education Level % of Adults (25+)
High School Diploma or Higher90.6%
Bachelor's Degree or Higher15.8%
Graduate or Professional Degree4.9%

Housing

The median home value in Franklin is $183,100, below the national median of $303,400. The median monthly rent is $981. The homeownership rate is 60.7%.

$183,100
Median Home Value
$981/mo
Median Rent
60.7%
Homeownership Rate
Housing Metric Value
Median Home Value$183,100
Median Monthly Rent$981
Homeownership Rate60.7%
Vacancy Rate5.6%

Salaries in Ohio

Explore salary data for popular occupations in Ohio:

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Other Cities in Ohio

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Frequently Asked Questions

What is the population of Franklin, Ohio?
The population of Franklin, Ohio is 11,712 according to U.S. Census Bureau ACS 2024 5-Year Estimates.
What is the median household income in Franklin, Ohio?
The median household income in Franklin, Ohio is $58,587. This is 27.3% below the national median of $80,610.
What is the median home value in Franklin, Ohio?
The median home value in Franklin, Ohio is $183,100. The median monthly rent is $981.
What percentage of people in Franklin have a college degree?
In Franklin, Ohio, 15.8% of adults age 25 and older hold a bachelor's degree or higher, and 90.6% have a high school diploma or higher.
Is Franklin, Ohio an affordable place to live?
The home price-to-income ratio in Franklin, Ohio is 3.1x (median home value $183,100 vs. median income $58,587), making it relatively affordable by that measure. A ratio under 4.0 is generally considered affordable.

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