Franklin

County:: Oakland County
County Seat:: No
Area (mi²):: 2.663
State:: Michigan

Franklin is a village located in Oakland County, Michigan. Franklin has a 2025 population of 3,099. Franklin is currently declining at a rate of -0.35% annually and its population has decreased by -1.74% since the most recent census, which recorded a population of 3,154 in 2020.

The average household income in Franklin is $298,614 with a poverty rate of 2.26%. The median age in Franklin is 49.6 years: 49.6 years for males, and 49.3 years for females.

Demographics

The racial composition of Franklin includes 73.72% White, 13.14% Black or African American, 4.6% Asian, and smaller percentages for other race, Native American, Native Hawaiian or Pacific Islander and multiracial populations.

Population by Race

White

Black or African American

Two or more races

Asian

Other race

Native American

Native Hawaiian or Pacific Islander

Race	Population	Percentage (of total)
White	1,924	73.72%
Black or African American	343	13.14%
Two or more races	217	8.31%
Asian	120	4.6%
Other race	4	0.15%
Native American	2	0.08%
Native Hawaiian or Pacific Islander	0	0%

Franklin Marital Status

Married

Widowed

Divorced

Separated

Never Married

Economics and Income Statistics

Franklin's average per capita income is $116,000. Household income levels show a median of $176,571. The poverty rate stands at 2.26%.

Families: A family includes the owner or renter of the home along with everyone related to them - whether through birth, marriage, or adoption. This includes relatives like spouses, children, parents, siblings, grandparents, and any other family members.

Households: A household includes all the people who occupy a housing unit (such as a house or apartment) as their usual place of residence.

Non Families: A nonfamily household is either someone living alone or when the owner/renter lives with people they aren't related to, like roommates.

Name	Median	Mean
Married Families	$201,667	-
Families	$183,750	$304,192
Households	$176,571	$298,614
Non Families	$133,977	$270,135

$116,000

Average Income

$176,571

Median Household Income

2.26%

Poverty Rate