At a Glance
Median Income
$176,571
$123,132 per capita
Home Value
$696,700
Zillow: $927,147
Median Rent
$3,175/mo
26.9% of income on rent
Violent Crime
32/100K
611/100K property
Bachelor's Degree+
80.3%
97.8% high school+
Unemployment
1.9%
2.7% poverty rate
Obesity Rate
29.1%
8.5% smoking rate
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)
Thin vertical line = U.S. national average (100%)
Is Franklin a Good Place to Live?
B+
3.9 / 5.0 - Good
Based on economy, affordability, safety, and education metrics compared to national averages.
Economy & Jobs
Franklin residents earn a median household income of $176,571 , which is 135% above the national average of $75,149.
Per capita income is $123,132. The unemployment rate stands at 1.9% (47% below the U.S. rate of 3.6%). 2.7% of residents live below the poverty line. The area is home to 43,047 business establishments, including 3,099 restaurants.
Housing & Cost of Living
The median home value in Franklin is $696,700 , 147% above the national median of $281,900.
Zillow estimates the typical home at $927,147. Median rent is $3,175/month, with 26.9% of renters spending more than 30% of income on housing. The cost of living index is 96.2 (100 = national average). The median home was built in 1958.
Safety & Crime
Franklin reports 32 violent crimes per 100,000 residents
, which is 92% below the national average of 380/100K.
Property crime is 611/100K.
Education
80.3% of adults in Franklin hold a bachelor's degree or higher
(138% above the national average).
97.8% have completed high school. Local schools score 6.1/10 in standardized testing.
Climate & Weather
Franklin has an average annual temperature of 48°F (9°C).
Winters average 23°F in January while summers reach 71°F in July. Annual precipitation totals 33.0 inches. Air quality is rated Good with a median AQI of 45.
Data Overview
People
Population2,610
Median Age49.6 yrs
Density981/mi²
Male / Female49% / 51%
Foreign Born9.0%
Veterans2.4%
Economy
A+
Median Income$176,571
Per Capita$123,132
Unemployment1.9%
Poverty2.7%
County GDP$143,144M
Avg Weekly Wage$1,498
Housing
A
Home Value$696,700
Rent$3,175
Ownership94.9%
Zillow$927,147
Housing Units1,057
Rent Burden26.9%
Crime
F
Violent32/100K
Property611/100K
Health
Obesity29.1%
Diabetes7.4%
Smoking8.5%
Heart Disease4.5%
Premature Death6,101/100K
Climate
Avg Temp48°F
Rain33.0 in/yr
AQI45 (Good)
Elevation796 ft
Education
A+
Bachelor's+80.3%
High School+97.8%
Graduate+45.5%
School Score6.1/10
Community
2024 VoteR 44% / D 54%
Commute24 min
Broadband99.5%
Internet Speed154 Mbps
EV Stations1
Libraries40
Did You Know?
Franklin was founded in 1825.
The median home in Franklin was built in 1958.
24.5% work from home.
The nearest airport is Oakland County International (12 miles).
The Gini coefficient (income inequality) is 0.467 (U.S. avg: 0.490).
Natural hazard risk is rated "Relatively High" by FEMA.
7.5% of the population has a disability.
Average internet download speed is 154 Mbps.
There are 3,099 restaurants in the area.
The county recorded 76 fatal vehicle crashes.