Franklin has a population of 83,630 with a median age of 37.8. Here is the racial and ethnic breakdown of the population:
| Demographic | Value |
|---|---|
| Total Population | 83,630 |
| Median Age | 37.8 |
| White | 77.8% |
| Black or African American | 6.3% |
| Asian | 8.8% |
| Hispanic or Latino | 5.8% |
| Other / Two or More Races | 1.3% |
The median household income in Franklin is $106,592, which is 41.8% above the national median of $75,149. The per capita income is $54,946. The poverty rate is 5.1%.
The unemployment rate in Franklin is 2.6%, compared to the national rate of 5.4%.
In Franklin, 95.9% of residents age 25+ have a high school diploma or higher, and 63.4% hold a bachelor's degree or higher (23.1% with a graduate or professional degree).
| Education Level | % of Adults (25+) |
|---|---|
| High School Diploma or Higher | 95.9% |
| Bachelor's Degree or Higher | 63.4% |
| Graduate or Professional Degree | 23.1% |
The median home value in Franklin is $574,000, above the national median of $281,900. The median monthly rent is $1,785. The homeownership rate is 63.8%.
| Housing Metric | Value |
|---|---|
| Median Home Value | $574,000 |
| Median Monthly Rent | $1,785 |
| Homeownership Rate | 63.8% |
| Vacancy Rate | 4.5% |
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