Franklin is a city located in Oakland County Michigan. Franklin has a 2020 population of 3,137. Franklin is currently declining at a rate of -0.03% annually and its population has decreased by -0.06% since the most recent census, which recorded a population of 3,139 in 2010.
The average household income in Franklin is $264,579 with a poverty rate of 3.38%. The median rental costs in recent years comes to $2,740 per month, and the median house value is $595,400. The median age in Franklin is 45.7 years, 44.7 years for males, and 46.8 years for females.
According to the most recent ACS, the racial composition of Franklinwas:
The highest rate of high school graduation is among black people with a rate of 100.00%.
The highest rate of bachelors degrees is among native american people with a rate of 100.00%.
88.77% of Franklin residents speak only English, while 11.23% speak other languages. The non-English language spoken by the largest group is Other Indo-European, which is spoken by 5.89% of the population.
Overall Poverty Rate
Male Poverty Rate
Female Poverty Rate
The race most likely to be in poverty in Franklin is Black, with 8.17% below the poverty level.
The race least likely to be in poverty in Franklin is Other, with NaN% below the poverty level.
The poverty rate among those that worked full-time for the past 12 months was 1.33%. Among those working part-time, it was 4.80%, and for those that did not work, the poverty rate was 5.06%.
Veteran Poverty Rate
Veteran Disability Rate
Labor Force Participation
Non citizens include legal permanent residents (green card holders), international students, temporary workers, humanitarian migrants, and illegal immigrants.
Born in Franklin
90.44% of Franklin residents were born in the United States, with 65.48% having been born in Michigan. 2.50% of residents are not US citizens. Of those not born in the United States, the largest percentage are from Asia.
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