Franklin is a village located in Oakland County, Michigan. Franklin has a 2026 population of 3,163. Franklin is currently growing at a rate of 0.06% annually and its population has increased by 0.32% since the most recent census, which recorded a population of 3,153 in 2020.
The median household income in Franklin is $194,079 with a poverty rate of 2.78%. The median age in Franklin is 49.5 years: 50.3 years for males, and 48.7 years for females. For every 100 females there are 92.0 males.
Data after 2023 is projected based on recent change
Overall: 49.5 years
Female: 48.7 years
Male: 50.3 years
There are 2,001 adults, (655 of whom are seniors) in Franklin.
Female: 1,330 (52.1%)
Male: 1,224 (47.9%)
The racial composition of Franklin includes 79.68% White, 8.26% Black or African American, 3.01% Asian, and smaller percentages for other race, Native American and multiracial populations.
| Race | Population ↓ | Percentage (of total) |
|---|---|---|
| White | 2,035 | 79.68% |
| Two or more races | 226 | 8.85% |
| Black or African American | 211 | 8.26% |
| Asian | 77 | 3.01% |
| Other race | 3 | 0.12% |
| Native American | 2 | 0.08% |
Franklin 's average per capita income is $118,929. Household income levels show a median of $194,079. The poverty rate stands at 2.78%.
| Name | Median ↓ | Mean |
|---|---|---|
| Married Families | $250,001 | - |
| Families | $230,526 | $343,432 |
| Households | $194,079 | $307,052 |
| Non Families | $116,500 | $159,671 |
Average Income
Median Household Income
Poverty Rate