Last updated: 2024 BLS data · Page refreshed:
New Franklin has a population of 13,843 with a median age of 47.9. Here is the racial and ethnic breakdown of the population:
| Demographic | Value |
|---|---|
| Total Population | 13,843 |
| Median Age | 47.9 |
| White | 94.2% |
| Black or African American | 0.5% |
| Asian | 0.3% |
| Hispanic or Latino | 1.1% |
| Other / Two or More Races | 3.9% |
The median household income in New Franklin is $90,244, which is 12.0% above the national median of $80,610. The per capita income is $43,997. The poverty rate is 6.1%.
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In New Franklin, 96.5% of residents age 25+ have a high school diploma or higher, and 24.7% hold a bachelor's degree or higher (9.0% with a graduate or professional degree).
| Education Level | % of Adults (25+) |
|---|---|
| High School Diploma or Higher | 96.5% |
| Bachelor's Degree or Higher | 24.7% |
| Graduate or Professional Degree | 9.0% |
The median home value in New Franklin is $214,300, below the national median of $303,400. The median monthly rent is $1,132. The homeownership rate is 88.3%.
| Housing Metric | Value |
|---|---|
| Median Home Value | $214,300 |
| Median Monthly Rent | $1,132 |
| Homeownership Rate | 88.3% |
| Vacancy Rate | 4.0% |
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