Franklin, IA
Full City Profile · Iowa · Lee County County
3.7
/5.0
B+
Good
135
Population
844/sq mi density
$47,500
Median Income
$29,652 per capita
$116,500
Home Value
$136,155 Zillow
52°F
Avg Temperature
B+
Overall
3.7 / 5.0
Good overall score based on economy, affordability, safety and education
B+
Economy
3.9 / 5.0
$47,500 median income, 0.0% unemployment
A+
Affordability
5.0 / 5.0
$116,500 home value, /mo rent
C
Education
2.3 / 5.0
16.1% bachelor's degree or higher
Change Over Time (2013, 2023)
Population Change
-9.1%
143 → 130
over 10 years
Annual Pop. Growth
-0.95%
Compound annual growth rate
Median Income Change
+8.6%
$43,750 → $47,500
nominal, not inflation-adjusted
Annual Income Growth
+0.83%
Compound annual growth rate
Population Over Time
Total population for Franklin across each available Census ACS release.
Median Household Income Over Time
Median household income reported by U.S. Census ACS. Values are nominal (not adjusted for inflation).
Projected 2030
Simple projections extrapolating the 2013, 2023 compound annual growth rate forward. These are mathematical extensions of recent trends, not forecasts, real outcomes depend on migration, policy and economic shifts.
Projected Population 2030
122
-8 from 2023 (130)
Projected Median Income 2030
$50,329
+$2,829 from 2023 ($47,500)
Year-by-Year Detail
| Year | Population | YoY % | Median Income | YoY % |
|---|---|---|---|---|
| 2013 | 143 | - | $43,750 | - |
| 2015 | 138 | -3.5% | $53,125 | +21.4% |
| 2017 | 134 | -2.9% | $56,250 | +5.9% |
| 2019 | 133 | -0.7% | $61,000 | +8.4% |
| 2021 | 128 | -3.8% | $45,000 | -26.2% |
| 2023 | 130 | +1.6% | $47,500 | +5.6% |
Source: U.S. Census ACS 5-Year Estimates (Data Commons). Home value and rent are not yet available historically.