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
$927,147 Zillow
$3,175
Median Rent
26.9% income on rent
48°F
Avg Temperature
32
Violent Crime/100K
611 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, 1.9% unemployment
A
Affordability
4.5 / 5.0
$696,700 home value, $3,175/mo rent
F
Safety
1.0 / 5.0
32 violent crimes/100K
A+
Education
5.0 / 5.0
80.3% bachelor's degree or higher
Population Overview
Total Population
2,610
Census 2023
Population Density
981
per square mile
Land Area
2.7
square miles (6.9 km²)
Median Age
49.6 yrs
28% above US avg (38.9 yrs)
Gender Distribution
49.0%
Male
51.0%
Female
Race & Ethnicity
| White | 73.7% US: 61.6% |
| Black | 13.1% US: 12.4% |
| Hispanic | 6.7% US: 18.7% |
| Asian | 4.6% US: 5.9% |
| Other | 1.9% |
City vs. U.S. Average
White
73.7%
Black
13.1%
Hispanic
6.7%
Asian
4.6%
Thin line = U.S. average
Language Spoken at Home
| English Only | 88.2% US: 78.5% |
| Spanish | 11.7% US: 13.4% |
City vs. U.S. Average
English Only
88.2%
Spanish
11.7%
Thin line = U.S. average
Social Characteristics
Foreign Born
9.0%
Veterans
2.4%
60% below US avg (6%)
Disability
7.5%
42% below US avg (13%)
Health Insurance Coverage
98.4%
8% above US avg (91.4%)
Uninsured
1.6%
81% below US avg (8.6%)
Income Inequality (Gini)
0.467
US avg: 0.490 (0 = perfect equality, 1 = max inequality)
Complete Demographics Data
Population
| Total Population | 2,610 |
| Population Year | 2023 |
| Population Density | 981 / sq mi |
| Land Area | 2.7 sq mi |
| Median Age | 49.6 years |
Gender
| Male | 49.0% |
| Female | 51.0% |
Race & Ethnicity
| White | 73.7% |
| Black or African American | 13.1% |
| Hispanic or Latino | 6.7% |
| Asian | 4.6% |
Language
| English Only | 88.2% |
| Spanish | 11.7% |
Social Indicators
| Foreign Born | 9.0% |
| Veterans | 2.4% |
| Disability | 7.5% |
| Health Insurance | 98.4% |
| Uninsured | 1.6% |
| Broadband Access | 99.5% |
| Gini Coefficient | 0.467 |
Classification
| USDA Rural-Urban Code | 1, Metro / 1 million+ |