Census Bureau data for Franklin village from the American Community Survey. "Cities" in Census data include incorporated places, towns, villages, and census-designated places (CDPs) — all places where the Census collects community-level estimates.
Data: U.S. Census Bureau, ACS 5-Year Estimates, 2023 (released December 2024).
Quick Facts — Franklin village
- What is the median household income in Franklin village?
- The median household income in Franklin village is $176,571 (U.S. Census Bureau ACS 5-Year Estimates, 2023).
- What is the poverty rate in Franklin village?
- The poverty rate in Franklin village is 2.7% (U.S. Census Bureau ACS 2023).
- What is the median home value in Franklin village?
- $696,700 (U.S. Census Bureau ACS 2023).
- What is the average rent in Franklin village?
- The median gross rent in Franklin village is $3,175 per month (U.S. Census Bureau ACS 2023).
- What percentage of Franklin village residents have a college degree?
- 80.3% of adults in Franklin village hold a bachelor's degree or higher (U.S. Census Bureau ACS 2023).
Population
2,610
Median Income
$176,571
Median Home Value
$696,700
Poverty Rate
2.7%
Unemployment (ACS 2023)
1.9%
Median Age
49.0 yrs
Since 2019
Median Income:
+$14,964 (+9.3%)
Home Value:
+$84,800 (+13.9%)
Poverty Rate:
-2.4 pp (-47.1%)
Bachelor's+:
+4.4 pp (+5.8%)
Unemployment:
-1.2 pp (-38.7%)
Demographics
Total Population
2,610
Median Age
49.0
Female
51.0%
Race & Ethnicity
Hispanic or Latino 6.7%
White (non-Hisp.) 71.4%
Black 13.1%
Asian 4.6%
Two or More 8.3%
Other 0.2%
Asian Subgroups (% of total pop.)
Indian
3.4%
Chinese
1.0%
Hispanic Subgroups (% of total pop.)
Puerto Rican
1.6%
Mexican
1.0%
Cuban
1.0%
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Income & Poverty
Median Household Income
$176,571
±$12,228
+$105,422 vs. state
Per Capita Income
$273,514
Median Family Income
$183,750
Poverty Rate
2.7%
-6.1 pp vs. state
Child Poverty Rate
2.1%
Working-Age Poverty Rate
—
SNAP Recipients
0.7%
Social Security Income
—
Retirement Income
28.5%
Household Income Distribution
< $10k
1.8%
$15–25k
1.0%
$25–35k
2.1%
$35–50k
3.1%
$50–75k
7.0%
$75–100k
3.5%
$100–150k
19.9%
$150–200k
17.2%
$200k+
44.4%
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Housing
Total Housing Units
1,100
Owner-Occupied
94.9%
Renter-Occupied
5.1%
Vacancy Rate
3.5%
Median Home Value
$696,700
+$479,100 vs. state
Median Gross Rent
$3,175
Owner Cost Burden (30%+)
13.6%
Renter Cost Burden (30%+)
15.4%
Home Value Distribution
$100–200k
2.6%
$200–300k
2.0%
$300–500k
26.2%
$500k–$1M
43.0%
$1M+
25.5%
Gross Rent Distribution
$500–1k
15.4%
$2.5–3.5k
7.7%
$3.5k+
76.9%
Vehicle Availability
No vehicle
0.4%
1 vehicle
20.7%
2 vehicles
59.0%
3+
19.9%
Housing Age
Pre-1940
14.3%
1940–1969
8.8%
1970–1999
3.1%
2000–2009
11.4%
2010+
2.3%
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Education
High School or Higher
97.8%
Bachelor's or Higher
80.3%
+48.5 pp vs. state
Graduate Degree
46.0%
Some College / Associate
7.9%
Less Than High School
1.9%
Enrolled in School
—
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Employment
Labor Force Participation
63.0%
Unemployment Rate
1.9%
-3.9 pp vs. state
Work from Home
24.5%
Self-Employed
11.0%
Government Workers
10.4%
Private For-Profit
78.6%
Industry
Edu/Health
31.1%
Prof. Services
20.2%
Manufacturing
15.7%
Finance
9.9%
Arts/Entmt.
5.2%
Retail
4.8%
Construction
4.3%
Public Admin
4.2%
Information
1.7%
Wholesale
1.4%
Transportation
0.5%
Occupation
Management
71.3%
Sales
17.6%
Food Prep
8.0%
Production
2.9%
Construction
0.2%
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Commute
Median Travel Time
23.8 min
Drove Alone
70.7%
Carpool
2.2%
Public Transit
0.0%
Work from Home
24.5%
Walked
2.2%
Bicycle
—
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Households & Families
Total Households
1,061
Avg. Household Size
2.00
Avg. Family Size
—
Married-Couple Households
68.6%
Single-Mother Households
—
Single-Father Households
—
Living Alone
—
Households with Children
23.8%
Multigenerational
—
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Age Distribution
Under 5
7.0%
5–9
7.5%
10–14
3.6%
15–19
4.4%
20–24
3.6%
25–34
8.0%
35–44
10.5%
45–54
11.7%
55–64
9.0%
65–74
8.8%
75–84
13.2%
85+
9.4%
Under 18: 20.1%
Working age (18–64): 79.9%
65 and over: 25.8%
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Social Characteristics
Immigration
Foreign Born
9.0%
Naturalized Citizen
79.1%
Speaks English Less Than Very Well
0.8%
Foreign-Born Origin
Asia
46.4%
Europe
28.9%
Latin America
13.6%
Veterans & Disability
Veteran
2.4%
With a Disability
7.5%
Cognitive Difficulty
—
Ambulatory Difficulty
—
Health Insurance
Insured
98.4%
Uninsured
1.6%
Employer Insurance
—
Medicaid
—
Medicare
—
Technology & Mobility
Broadband Internet
99.5%
Has a Computer
99.6%
Same House 1 Year Ago
96.3%
Moved from Abroad
0.0%
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023