At a Glance
Median Income
$54,904
$29,850 per capita
Home Value
$84,800
Zillow: $167,820
Median Rent
$883/mo
39.1% of income on rent
Bachelor's Degree+
12.5%
91.4% high school+
Unemployment
1.9%
12.2% poverty rate
Obesity Rate
39.4%
19.0% 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+
3.6 / 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 $54,904 , which is 27% below the national average of $75,149.
Per capita income is $29,850. The unemployment rate stands at 1.9% (47% below the U.S. rate of 3.6%). 12.2% of residents live below the poverty line. The area is home to 594 business establishments, including 21 restaurants.
Housing & Cost of Living
The median home value in Franklin is $84,800 , 70% below the national median of $281,900.
Zillow estimates the typical home at $167,820. Median rent is $883/month, with 39.1% of renters spending more than 30% of income on housing. The cost of living index is 98.6 (100 = national average). The median home was built in 1963.
Education
12.5% of adults in Franklin hold a bachelor's degree or higher
(63% below the national average).
91.4% have completed high school. Local schools score 5.8/10 in standardized testing.
Climate & Weather
Franklin has an average annual temperature of 45°F (7°C).
Winters average 15°F in January while summers reach 73°F in July. Annual precipitation totals 28.0 inches.
Data Overview
People
Population513
Median Age38.0 yrs
Density508/mi²
Male / Female53% / 47%
Foreign Born6.4%
Veterans9.1%
Economy
B+
Median Income$54,904
Per Capita$29,850
Unemployment1.9%
Poverty12.2%
County GDP$1,190M
Avg Weekly Wage$1,062
Housing
A+
Home Value$84,800
Rent$883
Ownership83.9%
Zillow$167,820
Housing Units205
Rent Burden39.1%
Health
Obesity39.4%
Diabetes10.8%
Smoking19.0%
Heart Disease6.2%
Premature Death7,904/100K
Climate
Avg Temp45°F
Rain28.0 in/yr
Elevation1,010 ft
Education
C
Bachelor's+12.5%
High School+91.4%
Graduate+0.8%
School Score5.8/10
Community
2024 VoteR 70% / D 28%
Commute23 min
Broadband89.4%
Internet Speed73 Mbps
EV Stations2
Libraries5
Did You Know?
The median home in Franklin was built in 1963.
The nearest airport is Southwest Minnesota Regional Marshall/Ryan Field (47 miles).
The Gini coefficient (income inequality) is 0.412 (U.S. avg: 0.490).
Natural hazard risk is rated "Very Low" by FEMA.
10.0% of the population has a disability.
The county recorded 4 fatal vehicle crashes.