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Franklin, MI
Full City Profile · Michigan · Oakland County County
3.9
/5.0
B+
Good
2,610
Population
981/sq mi density
$176,571
Median Income
$123,132 per capita
$696,700
Home Value
$867,371 Zillow
$3,175
Median Rent
26.9% income on rent
49°F
Avg Temperature
260 sunny days/yr
61
Violent Crime/100K
1,102 property/100K
B+
Overall
3.9 / 5.0
Good overall score based on economy, affordability, safety and education
A+
Economy
5.0 / 5.0
$176,571 median income, 1.2% unemployment
A
Affordability
4.5 / 5.0
$696,700 home value, $3,175/mo rent
F
Safety
1.0 / 5.0
61 violent crimes/100K
A+
Education
5.0 / 5.0
80.3% bachelor's degree or higher
Income Overview
Median Household Income
$176,571
135% above
US avg: $75,149
Per Capita Income
$123,132
215% above
US avg: $39,052
Unemployment Rate
1.2%
67% below
US avg: 3.6%
Poverty Rate
2.7%
78% below
US avg: 12.4%
Income Comparison: Franklin vs. U.S. Average
Each bar shows Franklin’s value as a percentage of the national average (100% line = U.S. avg)
Median Household
US: $75,149
$176,571
235%
Per Capita
US: $39,052
$123,132
315%
IRS Avg AGI
US: $72,000
$117,718
163%
Avg Weekly Wage
US: $1,432
$1,498
105%
Thin line = U.S. average (100%)
Employment & Commute
Avg Weekly Wage
$1,498
5% above US avg ($1,432)
Mean Commute Time
24 min
14% below US avg (28 min)
Work From Home
24.5%
61% above US avg (15.2%)
Drive Alone
70.7%
3% below US avg (73.2%)
Public Transit
0.0%
100% below US avg (5.0%)
County GDP
$143,144M
County-level GDP (BEA 2024)
How Residents Get to Work
Drive Alone
70.7%
Public Transit
0%
Work From Home
24.5%
Other
4.8%
Average commute time
24 minutes
US avg: 28 min
Business Landscape
Total Establishments
43,047
Restaurants
3,099
Healthcare
5,524
Retail
4,518
Manufacturing
1,635
Tax & Financial
IRS Avg Adjusted Gross Income
$117,718
63% above US avg ($72,000)
Avg Property Tax
$8,369
139% above US avg ($3,500)
Cost of Living Index
96.2
Below national average (100 = US avg)
Complete Economy Data
Income & Wages
| Median Household Income | $176,571 |
| Per Capita Income | $123,132 |
| IRS Avg Adjusted Gross Income | $117,718 |
| Avg Weekly Wage | $1,498 |
| County GDP | $143,144M |
Hardship Indicators
| Unemployment Rate | 1.2% |
| Poverty Rate | 2.7% |
| Gini Coefficient | 0.467 |
| Cost of Living Index | 96.2 |
Commute
| Mean Commute | 24 minutes |
| Drive Alone | 70.7% |
| Public Transit | 0.0% |
| Work From Home | 24.5% |
Businesses
| Total Establishments | 43,047 |
| Restaurants | 3,099 |
| Healthcare | 5,524 |
| Retail | 4,518 |
| Manufacturing | 1,635 |
Tax
| IRS Avg AGI | $117,718 |
| Avg Property Tax | $8,369 |