Franklin is a city located in Renville County Minnesota. With a 2020 population of 463, it is the 508th largest city in Minnesota and the 13641st largest city in the United States . Franklin is currently declining at a rate of -0.64% annually and its population has decreased by -9.22% since the most recent census, which recorded a population of 510 in 2010. Franklin reached it's highest population of 511 in 2010. Spanning over 1 miles, Franklin has a population density of 431 people per square mile.
The average household income in Franklin is $49,893 with a poverty rate of 32.61%. The median rental costs in recent years comes to $579 per month, and the median house value is $74,200. The median age in Franklin is 38.6 years, 33.8 years for males, and 42.8 years for females.