All Countries
Franklin, IL
Full City Profile · Illinois · Morgan County County
3.6
/5.0
B+
Good
554
Population
667/sq mi density
$66,250
Median Income
$46,316 per capita
$103,300
Home Value
$140,164 Zillow
$915
Median Rent
19.3% income on rent
53°F
Avg Temperature
302 sunny days/yr
B+
Overall
3.6 / 5.0
Good overall score based on economy, affordability, safety and education
A
Economy
4.1 / 5.0
$66,250 median income, 1.4% unemployment
A+
Affordability
5.0 / 5.0
$103,300 home value, $915/mo rent
C+
Safety
2.5 / 5.0
0 violent crimes/100K
C+
Education
2.9 / 5.0
23.4% bachelor's degree or higher
Change Over Time (2013–2023)
Population Change
-5.3%
628 → 595
over 10 years
Annual Pop. Growth
-0.54%
Compound annual growth rate
Median Income Change
+61.9%
$40,909 → $66,250
nominal, not inflation-adjusted
Annual Income Growth
+4.94%
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
573
-22 from 2023 (595)
Projected Median Income 2030
$92,848
+$26,598 from 2023 ($66,250)
Year-by-Year Detail
| Year | Population | YoY % | Median Income | YoY % |
|---|---|---|---|---|
| 2013 | 628 | — | $40,909 | — |
| 2015 | 623 | -0.8% | $59,583 | +45.6% |
| 2017 | 610 | -2.1% | $64,219 | +7.8% |
| 2019 | 598 | -2% | $65,962 | +2.7% |
| 2021 | 589 | -1.5% | $68,393 | +3.7% |
| 2023 | 595 | +1% | $66,250 | -3.1% |
Source: U.S. Census ACS 5-Year Estimates (Data Commons). Home value and rent are not yet available historically.