Franklin, IL
Full City Profile · Illinois · Morgan County County
Franklin, IL
At a Glance
How Franklin Compares to the U.S. Average
Each bar shows Franklin's value as a percentage of the national average (100% = U.S. avg)
Is Franklin a Good Place to Live?
Economy & Jobs
Franklin residents earn a median household income of $66,250 , which is 12% below the national average of $75,149. Per capita income is $46,316. The unemployment rate stands at 2.4% (33% below the U.S. rate of 3.6%). 9.2% of residents live below the poverty line. The area is home to 714 business establishments, including 90 restaurants.
Housing & Cost of Living
The median home value in Franklin is $103,300 , 63% below the national median of $281,900. Zillow estimates the typical home at $145,526. Median rent is $915/month, with 19.3% of renters spending more than 30% of income on housing. The cost of living index is 100.0 (100 = national average). The median home was built in 1959.
Education
23.4% of adults in Franklin hold a bachelor's degree or higher (31% below the national average). 92.3% have completed high school. Local schools score 4.6/10 in standardized testing.
Climate & Weather
Franklin has an average annual temperature of 53°F (12°C). Winters average 27°F in January while summers reach 75°F in July. Annual precipitation totals 39.2 inches.