Last updated: 2024 BLS data · Page refreshed:
Franklin has a population of 435 with a median age of 62.0. Here is the racial and ethnic breakdown of the population:
| Demographic | Value |
|---|---|
| Total Population | 435 |
| Median Age | 62.0 |
| White | 93.6% |
| Black or African American | 5.5% |
| Other / Two or More Races | 0.9% |
The median household income in Franklin is $63,889, which is 20.7% below the national median of $80,610. The per capita income is $57,937. The poverty rate is 10.3%.
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In Franklin, 84.5% of residents age 25+ have a high school diploma or higher, and 30.3% hold a bachelor's degree or higher (11.3% with a graduate or professional degree).
| Education Level | % of Adults (25+) |
|---|---|
| High School Diploma or Higher | 84.5% |
| Bachelor's Degree or Higher | 30.3% |
| Graduate or Professional Degree | 11.3% |
The median home value in Franklin is $219,200, below the national median of $303,400. The median monthly rent is $735. The homeownership rate is 66.9%.
| Housing Metric | Value |
|---|---|
| Median Home Value | $219,200 |
| Median Monthly Rent | $735 |
| Homeownership Rate | 66.9% |
| Vacancy Rate | 40.1% |
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