Last updated: 2024 BLS data · Page refreshed:
Franklin has a population of 35,886 with a median age of 43.0. Here is the racial and ethnic breakdown of the population:
| Demographic | Value |
|---|---|
| Total Population | 35,886 |
| Median Age | 43.0 |
| White | 83.0% |
| Black or African American | 2.9% |
| Asian | 5.9% |
| Hispanic or Latino | 6.1% |
| Other / Two or More Races | 2.1% |
The median household income in Franklin is $106,894, which is 32.6% above the national median of $80,610. The per capita income is $52,190. The poverty rate is 6.7%.
The unemployment rate in Franklin is 2.9%, compared to the national rate of 4.1%.
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In Franklin, 95.1% of residents age 25+ have a high school diploma or higher, and 44.3% hold a bachelor's degree or higher (15.1% with a graduate or professional degree).
| Education Level | % of Adults (25+) |
|---|---|
| High School Diploma or Higher | 95.1% |
| Bachelor's Degree or Higher | 44.3% |
| Graduate or Professional Degree | 15.1% |
The median home value in Franklin is $364,200, above the national median of $303,400. The median monthly rent is $1,458. The homeownership rate is 77.3%.
| Housing Metric | Value |
|---|---|
| Median Home Value | $364,200 |
| Median Monthly Rent | $1,458 |
| Homeownership Rate | 77.3% |
| Vacancy Rate | 2.8% |
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