Census Bureau data for Franklin city 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 city
- What is the median household income in Franklin city?
- The median household income in Franklin city is $115,000 (U.S. Census Bureau ACS 5-Year Estimates, 2023).
- What is the poverty rate in Franklin city?
- The poverty rate in Franklin city is 3.0% (U.S. Census Bureau ACS 2023).
- What is the median home value in Franklin city?
- $646,300 (U.S. Census Bureau ACS 2023).
- What is the average rent in Franklin city?
- The median gross rent in Franklin city is $1,861 per month (U.S. Census Bureau ACS 2023).
- What percentage of Franklin city residents have a college degree?
- 64.3% of adults in Franklin city hold a bachelor's degree or higher (U.S. Census Bureau ACS 2023).
Population
85,575
Median Income
$115,000
Median Home Value
$646,300
Poverty Rate
3.0%
Unemployment (ACS 2023)
2.4%
Median Age
37.0 yrs
Since 2019
Median Income:
+$16,769 (+17.1%)
Home Value:
+$233,900 (+56.7%)
Poverty Rate:
-1.4 pp (-31.8%)
Bachelor's+:
+2.8 pp (+4.6%)
Unemployment:
-0.8 pp (-25%)
Demographics
Total Population
85,575
Median Age
37.0
Female
51.7%
Race & Ethnicity
Hispanic or Latino 7.3%
White (non-Hisp.) 74.3%
Black 5.8%
Asian 9.0%
Two or More 7.9%
Other 1.3%
Asian Subgroups (% of total pop.)
Indian
5.1%
Chinese
1.2%
Filipino
0.6%
Korean
0.6%
Vietnamese
0.4%
Japanese
0.4%
Hispanic Subgroups (% of total pop.)
Mexican
3.8%
Puerto Rican
0.6%
Cuban
0.6%
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Income & Poverty
Median Household Income
$115,000
±$6,861
+$47,903 vs. state
Per Capita Income
$144,935
Median Family Income
$141,373
Poverty Rate
3.0%
-6.9 pp vs. state
Child Poverty Rate
4.1%
Working-Age Poverty Rate
—
SNAP Recipients
2.5%
Social Security Income
—
Retirement Income
21.9%
Household Income Distribution
< $10k
2.2%
$10–15k
1.4%
$15–25k
2.9%
$25–35k
4.2%
$35–50k
8.5%
$50–75k
13.0%
$75–100k
11.1%
$100–150k
21.2%
$150–200k
12.1%
$200k+
23.5%
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Housing
Total Housing Units
34,971
Owner-Occupied
64.3%
Renter-Occupied
35.7%
Vacancy Rate
5.2%
Median Home Value
$646,300
+$389,500 vs. state
Median Gross Rent
$1,861
Owner Cost Burden (30%+)
18.4%
Renter Cost Burden (30%+)
36.6%
Home Value Distribution
< $50k
1.1%
$50–100k
0.6%
$100–200k
0.3%
$200–300k
3.3%
$300–500k
21.8%
$500k–$1M
58.4%
$1M+
13.6%
Gross Rent Distribution
< $500
3.3%
$500–1k
3.5%
$1–1.5k
10.4%
$1.5–2k
45.6%
$2–2.5k
21.8%
$2.5–3.5k
6.9%
$3.5k+
8.7%
Vehicle Availability
No vehicle
3.8%
1 vehicle
28.8%
2 vehicles
48.5%
3+
18.9%
Housing Type
Single-fam. det.
57.8%
Single-fam. att.
7.7%
2–4 units
1.9%
5–19 units
7.4%
20+ units
15.1%
Mobile home
0.9%
Housing Age
Pre-1940
2.0%
1940–1969
1.0%
1970–1999
5.7%
2000–2009
21.9%
2010+
28.6%
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Education
High School or Higher
95.9%
Bachelor's or Higher
64.3%
+33.9 pp vs. state
Graduate Degree
24.5%
Some College / Associate
14.3%
Less Than High School
2.5%
Enrolled in School
—
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Employment
Labor Force Participation
69.6%
Unemployment Rate
2.4%
-2.3 pp vs. state
Work from Home
28.2%
Self-Employed
8.6%
Government Workers
9.0%
Private For-Profit
82.2%
Industry
Edu/Health
23.8%
Prof. Services
17.0%
Retail
12.1%
Finance
10.2%
Arts/Entmt.
9.9%
Manufacturing
7.3%
Transportation
3.4%
Construction
3.0%
Wholesale
2.7%
Public Admin
2.5%
Information
2.5%
Agriculture
0.2%
Occupation
Management
58.5%
Sales
21.5%
Food Prep
12.3%
Production
4.7%
Construction
3.1%
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Commute
Median Travel Time
24.5 min
Drove Alone
63.6%
Carpool
5.4%
Public Transit
0.1%
Work from Home
28.2%
Walked
1.1%
Bicycle
—
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Households & Families
Total Households
33,158
Avg. Household Size
2.00
Avg. Family Size
—
Married-Couple Households
57.6%
Single-Mother Households
—
Single-Father Households
—
Living Alone
—
Households with Children
26.8%
Multigenerational
—
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Age Distribution
Under 5
6.6%
5–9
6.3%
10–14
7.4%
15–19
6.3%
20–24
6.3%
25–34
12.5%
35–44
16.0%
45–54
13.2%
55–64
5.8%
65–74
5.7%
75–84
7.5%
85+
4.4%
Under 18: 24.7%
Working age (18–64): 75.3%
65 and over: 13.8%
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Social Characteristics
Immigration
Foreign Born
11.5%
Naturalized Citizen
31.2%
Speaks English Less Than Very Well
3.6%
Foreign-Born Origin
Asia
57.8%
Latin America
27.3%
Europe
8.4%
Africa
2.7%
Veterans & Disability
Veteran
5.2%
With a Disability
8.1%
Cognitive Difficulty
—
Ambulatory Difficulty
—
Health Insurance
Insured
95.6%
Uninsured
4.4%
Employer Insurance
—
Medicaid
—
Medicare
—
Technology & Mobility
Broadband Internet
95.6%
Has a Computer
98.3%
Same House 1 Year Ago
83.4%
Moved from Abroad
0.4%
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023