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Franklin, NY

Full City Profile · New York · Otsego County County

3.4 /5.0
B Good
413 Population 1,215/sq mi density
$80,000 Median Income $51,118 per capita
$187,100 Home Value $179,512 Zillow
$785 Median Rent 26.0% income on rent
46°F Avg Temperature 246 sunny days/yr
186 Violent Crime/100K 1,776 property/100K
B
Overall
3.4 / 5.0
Good overall score based on economy, affordability, safety and education
B+
Economy
3.8 / 5.0
$80,000 median income, 6.1% unemployment
A+
Affordability
5.0 / 5.0
$187,100 home value, $785/mo rent
F
Safety
1.0 / 5.0
186 violent crimes/100K
B+
Education
3.9 / 5.0
36.8% bachelor's degree or higher

Income Overview

Median Household Income
$80,000
6% above
US avg: $75,149
Per Capita Income
$51,118
31% above
US avg: $39,052
Unemployment Rate
6.1%
69% above
US avg: 3.6%
Poverty Rate
8.0%
35% 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
$80,000
106%
Per Capita
US: $39,052
$51,118
131%
IRS Avg AGI
US: $72,000
$67,606
94%
Avg Weekly Wage
US: $1,432
$1,160
81%
Thin line = U.S. average (100%)

Employment & Commute

Avg Weekly Wage
$1,160
19% below US avg ($1,432)
Mean Commute Time
27 min
1% below US avg (28 min)
Work From Home
26.1%
72% above US avg (15.2%)
Drive Alone
58.3%
20% below US avg (73.2%)
Public Transit
2.8%
45% below US avg (5.0%)
County GDP
$3,518M
County-level GDP (BEA 2024)

How Residents Get to Work

Drive Alone 58.3%
Public Transit 2.8%
Work From Home 26.1%
Other 12.8%
Average commute time
27 minutes
US avg: 28 min

Business Landscape

Total Establishments
1,538
Restaurants
190
Healthcare
156
Retail
243
Manufacturing
56

Tax & Financial

IRS Avg Adjusted Gross Income
$67,606
6% below US avg ($72,000)
Avg Property Tax
$7,079
102% above US avg ($3,500)
Cost of Living Index
107.9
Above national average (100 = US avg)

Complete Economy Data

Income & Wages

Median Household Income$80,000
Per Capita Income$51,118
IRS Avg Adjusted Gross Income$67,606
Avg Weekly Wage$1,160
County GDP$3,518M

Hardship Indicators

Unemployment Rate6.1%
Poverty Rate8.0%
Gini Coefficient0.454
Cost of Living Index107.9

Commute

Mean Commute27 minutes
Drive Alone58.3%
Public Transit2.8%
Work From Home26.1%

Businesses

Total Establishments1,538
Restaurants190
Healthcare156
Retail243
Manufacturing56

Tax

IRS Avg AGI$67,606
Avg Property Tax$7,079