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CITY · 2020 ACS

Franklin

Iowa · 131 residents · 0.156 sq mi
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The short version

Franklin has notably lower household income than the US average, with a median household income of $45,833. Population has declined 4% since 2000. Median home value has more than doubled since 2000, reaching $116,100. Poverty is rare here, at 3.4% of residents. Households here earn about 26% less than the Iowa median.

At a glance
Lower income
below the US median
US median: $66,278
Older
median age 43.2
US median: 38.8
Less educated
24% hold a bachelor's degree
US average: 33%
Stable housing
home values roughly flat, inflation adjusted
US median home: $265,253
Section 01

Population & growth

131
−4%since 2000
from 136 in 2000
1990 – 2025
840 / sq mi
−4%since 2000
from 872 / sq mi in 2000
US average: 280
43.2
+6%since 2000
from 40.8 in 2000
US average: 38.8
Population, 19902024
851131411691971990201020202024Franklin
2024148
1990201020202024
Section 02

Income & economy

$45,833
−8%inflation adjusted, since 2000
from $33,125 in 2000
US average: $66,278
1990 – 2023
$35,118
+94%since 2000
from $18,129 in 2000
US average: $35,364
Households earning $100K+
33.0%
+13.7 ptssince 2009
from 19.3% in 2009
US average: 43.9%
3.4%
−2.1 ptssince 2000
from 5.5% in 2000
US average: 12.8%
Workforce by industry, 2020
Retail trade15.5%
US avg: 10%
Information14.3%
US avg: 11.1%
Transportation & warehousing8.3%
US avg: 2.5%
Finance & insurance7.1%
US avg: 5.5%
Other services7.1%
US avg: 6.6%
Public administration7.1%
US avg: 4.7%
Professional, scientific, technical6%
US avg: 4.7%
Agriculture, forestry, fishing2.4%
US avg: 1.7%
Construction2.4%
US avg: 1.2%
Wholesale trade2.4%
US avg: 6.7%
Education & health services1.2%
US avg: 0.8%
Manufacturing0%
US avg: 0.5%
Arts, entertainment, food0%
US avg: 2%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03

Housing

$116,100
+25%inflation adjusted, since 2000
from $62,000 in 2000
US average: $265,253
1990 – 2024
97.8%
−0.4 ptssince 2000
from 98.2% in 2000
2.2% rent
2.5
+35%since 2000
from 1.9 in 2000
1990 – 2023
RELATED:See current rent listings in Franklin on RentDataNow
Section 04

Race & ethnicity

2000
White, non-Hispanic97.8%(133)
Black0%(0)
Hispanic / Latino2.2%(3)
Asian0%(0)
Other0%
Diversity Score5.4%(7)
2020
White, non-Hispanic93.1%(122)
Black0%(0)
Hispanic / Latino3.1%(4)
Asian0%(0)
Other4.6%(6)
Diversity Score17.8%(23)
18
+231%since 2000
from 5 in 2000
1990 – 2024
Section 05

Education

24.5%
+11.4 ptssince 2000
from 13.0% in 2000
US average: 32.9%
High school or higher
95.9%
+9.0 ptssince 2000
from 87.0% in 2000
US average: 88.5%
2.7%
−0.5 ptssince 2000
from 3.3% in 2000
US average: 12.7%
Section 06

Commute & transportation

28.2 min
+147%since 2000
from 11.4 min in 2000
US average: 26.9
90.0%
+6.5 ptssince 2009
from 83.5% in 2009
US average: 75.1%
0.0%
−1.2 ptssince 2009
from 1.2% in 2009
US average: 8.4%
Section 07

Work & employment

2.3%
−3.8 ptssince 2011
from 6.1% in 2011
US average: 5.4%
60.9%
−17.5 ptssince 2011
from 78.4% in 2011
US average: 63.4%
20.2%
−32.1 ptssince 2009
from 52.3% in 2009
US average: 39.3%
Section 08

People & community

58.9%
+14.7 ptssince 2009
from 44.1% in 2009
41.1%
−14.7 ptssince 2009
from 55.9% in 2009
0.0%
Unchangedsince 2009
from 0.0% in 2009
US average: 13.5%
0.0%
−96.5 ptssince 2013
from 96.5% in 2013
US average: 8.8%
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Frequently asked

How many people live in Franklin, Iowa?

Franklin, Iowa has about 131 residents according to the 2020 American Community Survey.

What is the median household income in Franklin, Iowa?

The typical household in Franklin, Iowa earns about $45,833 a year. Half of households make more than that, and half make less.

Is Franklin, Iowa expensive?

In Franklin, Iowa, the median home is worth about $116,100.

How educated are people in Franklin, Iowa?

About 24.5% of adults age 25 and over in Franklin, Iowa hold a bachelor's degree or higher.

What is the poverty rate in Franklin, Iowa?

About 3.4% of people in Franklin, Iowa live below the federal poverty line.

Has Franklin, Iowa grown since 1990?

Yes, Franklin, Iowa has shrunk since 1990. The population has lost about 32 residents, a change of about -20 percent over that period.

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DATA: US CENSUS BUREAU ACS 5-YEAR + DECENNIAL CENSUS · UPDATED 2024

How we source and harmonize this data →