All Countries
Franklin, MN
Full City Profile · Minnesota · Renville County County
3.0
/5.0
B
Good
513
Population
508/sq mi density
$54,904
Median Income
$29,850 per capita
$84,800
Home Value
$165,267 Zillow
$883
Median Rent
39.1% income on rent
43°F
Avg Temperature
276 sunny days/yr
215
Violent Crime/100K
2,898 property/100K
B
Overall
3.0 / 5.0
Good overall score based on economy, affordability, safety and education
B+
Economy
3.8 / 5.0
$54,904 median income, 1.3% unemployment
A+
Affordability
5.0 / 5.0
$84,800 home value, $883/mo rent
F
Safety
1.0 / 5.0
215 violent crimes/100K
C
Education
2.0 / 5.0
12.5% bachelor's degree or higher
Income Overview
Median Household Income
$54,904
27% below
US avg: $75,149
Per Capita Income
$29,850
24% below
US avg: $39,052
Unemployment Rate
1.3%
64% below
US avg: 3.6%
Poverty Rate
12.2%
2% 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
$54,904
73%
Per Capita
US: $39,052
$29,850
76%
IRS Avg AGI
US: $72,000
$75,740
105%
Avg Weekly Wage
US: $1,432
$1,062
74%
Thin line = U.S. average (100%)
Employment & Commute
Avg Weekly Wage
$1,062
26% below US avg ($1,432)
Mean Commute Time
23 min
17% below US avg (28 min)
Work From Home
4.7%
69% below US avg (15.2%)
Drive Alone
88.4%
21% above US avg (73.2%)
Public Transit
0.0%
100% below US avg (5.0%)
County GDP
$1,190M
County-level GDP (BEA 2024)
How Residents Get to Work
Drive Alone
88.4%
Public Transit
0%
Work From Home
4.7%
Other
6.9%
Average commute time
23 minutes
US avg: 28 min
Business Landscape
Total Establishments
594
Restaurants
21
Healthcare
44
Retail
56
Manufacturing
20
Tax & Financial
IRS Avg Adjusted Gross Income
$75,740
5% above US avg ($72,000)
Avg Property Tax
$2,983
15% below US avg ($3,500)
Cost of Living Index
98.6
Below national average (100 = US avg)
Complete Economy Data
Income & Wages
| Median Household Income | $54,904 |
| Per Capita Income | $29,850 |
| IRS Avg Adjusted Gross Income | $75,740 |
| Avg Weekly Wage | $1,062 |
| County GDP | $1,190M |
Hardship Indicators
| Unemployment Rate | 1.3% |
| Poverty Rate | 12.2% |
| Gini Coefficient | 0.412 |
| Cost of Living Index | 98.6 |
Commute
| Mean Commute | 23 minutes |
| Drive Alone | 88.4% |
| Public Transit | 0.0% |
| Work From Home | 4.7% |
Businesses
| Total Establishments | 594 |
| Restaurants | 21 |
| Healthcare | 44 |
| Retail | 56 |
| Manufacturing | 20 |
Tax
| IRS Avg AGI | $75,740 |
| Avg Property Tax | $2,983 |