Franklin is a city located in Virginia. With a 2020 population of 7,723, it is the 49th largest city in Virginia and the 3719th largest city in the United States . Franklin is currently declining at a rate of -1.56% annually and its population has decreased by -10.01% since the most recent census, which recorded a population of 8,582 in 2010. Franklin reached it's highest population of 8,579 in 2010. Spanning over 8 miles, Franklin has a population density of 933 people per square mile.
The average household income in Franklin is $53,105 with a poverty rate of 14.66%. The median rental costs in recent years comes to $860 per month, and the median house value is $164,100. The median age in Franklin is 39.4 years, 36.3 years for males, and 41.2 years for females.