Median Household Income
$63,245
Median Home Value
$256,600
Median Gross Rent
$988/mo
Poverty Rate
19.3%
Unemployment Rate
7.9%
Homeownership Rate
53.9%
Bachelor's Degree or Higher
27.3%
Median Age
38.3
Population Over Time
Franklin city shrank 3.3% from 2014 to 2024.
2014
8,534
2016
8,413
2018
8,211
2020
8,015
2022
8,194
2024
8,250
Source: U.S. Census Bureau, American Community Survey, ACS 2020-2024.