Franklin Population Demographics

According to US population projections for 2022, the estimated population of Franklin is 85,473. 25.09% is under 18, while 14.62% is over 65.

A closer look at the age demography reveals that 4.82% of the population was five years old or younger, 25.09% were 18 years or younger and 23.74% were aged 65 years and over. The gender split in the state was nearly even, with 52.57% female and 47.43% male.

Franklin Housing

According to the US Census, Franklin has 34,177 housing units. The average owner-occupied housing unit rate in Franklin was 97.36%. At the same time, the city's median value of owner-occupied homes was $592,200

Franklin Racial Demographics

In 2020, the US Census estimated that White Alone and Asian Alone constitute 84.13% of Franklin's population. Residents of the city who were Black Or African American Alone, made up 5.24% of the total population.

Other racial groups include Some Other Race Alone, constituting 3.56% of the city's population and White Black Or African American at 0.67%

White Alone76.41%
Asian Alone7.71%
Black Or African American Alone5.24%
Some Other Race Alone3.56%
White Black Or African American0.67%
American Indian And Alaska Native Alone0.26%

How Educated is Franklin

According to Census estimates, in 2021, 41.6% of Franklin residents had a bachelor's degree, while 23.8% had a graduate or professional degree.

Overall, 65.40% of residents have a bachelor's degree or higher.

Education Attainment (Population 25 Years and Older) in Franklin CityPercentage
High School Graduate Or Higher95.0%
Bachelors Degree Or Higher42.9%
Bachelors Degree41.6%
Some College Or Associates Degree39.2%
Graduate Or Professional Degree23.8%
Some College No Degree14.7%

Average Income in Franklin

The median household income in Franklin is $104,515. This figure is significantly (approximately 0.00%) less than the state average of $104,515.

Estimates by family type revealed that families earned an average of $129,816 per year, while married-couple families earned an average of $156,285.

A closer examination of the income groups of Franklin households revealed that the largest income group consisted of households with an annual income between $200,000. Other groups with yearly high household incomes include those between $75,000 and $99,999 (16.3%) and those with incomes exceeding $200,000 (22.1%). 1.4% of households in the City of Angels had an annual income of less than $10,000.

Median Income by Type of Family

Type of FamilyIncome
Married-couple families$156,285
Nonfamily households$53,544