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CITY

Franklin

Massachusetts · 33,955 residents (2025 est.) · 26.639 sq mi
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The short version

Franklin is significantly wealthier than the US average, with a median household income of $145,773. Population has held roughly steady since 2023. 58% of adults hold a bachelor's degree or higher, well above the national rate of 36%. Median home value is $611,700. Poverty is rare here, at 5.9% of residents. It ranks in the top 5% of US cities for household income.

At a glance
Wealthier
above the US median
US median: $82,259
Older
median age 41.3
US median: 38.9
More educated
58% hold a bachelor's degree
US average: 36%
Stable housing
home values roughly flat, inflation adjusted
US median home: $376,019
Section 01

Population & growth

Total population
33,154
Unchangedsince 2023
from 33,067 in 2023
2010 – 2025
Population density
1,245 / sq mi
Unchangedsince 2023
from 1,241 / sq mi in 2023
US average: 281
Median age
41.3
−2%since 2023
from 42.1 in 2023
US average: 38.9

PEP 2025 EST:33,955 residents (Census Bureau Vintage 2025, released March 2026)

Population, 2010 – 2024
31K32K32K33K33K201020202024Franklin
202433K
201020202024
Section 02

Income & economy

Median household income
$145,773
−1%inflation adjusted, since 2023
from $142,788 in 2023
US average: $82,259
2010 – 2024
Per capita income
$65,125
+2%since 2023
from $63,724 in 2023
US average: $44,673
Households earning $100K+
73.5%
−1.4 ptssince 2023
from 74.9% in 2023
US average: 53.3%
Poverty rate
5.9%
+0.4 ptssince 2023
from 5.5% in 2023
US average: 12.5%
Income inequality (Gini)
0.406
+2%since 2023
from 0.397 in 2023
US average: 0.476
Workforce by industry, 2024
Retail trade9.9%
US avg: 9.9%
Information9.9%
US avg: 10.8%
Other services9.8%
US avg: 6.7%
Public administration8.3%
US avg: 4.8%
Wholesale trade6.6%
US avg: 6.9%
Transportation & warehousing3.6%
US avg: 2.2%
Finance & insurance3.5%
US avg: 5.9%
Professional, scientific, technical2.5%
US avg: 5.1%
Arts, entertainment, food2.2%
US avg: 1.9%
Education & health services1%
US avg: 0.9%
Agriculture, forestry, fishing0.6%
US avg: 1.6%
Construction0.5%
US avg: 1.2%
Manufacturing0.1%
US avg: 0.4%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03

Housing

Median home value
$611,700
+5%inflation adjusted, since 2023
from $567,100 in 2023
US average: $376,019
2010 – 2024
Median gross rent
$1,899
−1%inflation adjusted, since 2023
from $1,856 in 2023
US average: $1,442
Owner-occupied
78.2%
−0.2 ptssince 2023
from 78.4% in 2023
21.8% rent
Vacancy rate
4.9%
+0.7 ptssince 2023
from 4.3% in 2023
US average: 10.0%
Owner cost-burdened
21.4%
+1.4 ptssince 2023
from 19.9% in 2023
US average: 22.9%
Renter cost-burdened
44.7%
−2.0 ptssince 2023
from 46.6% in 2023
US average: 47.4%
Afford Score
4.2
+6%since 2023
from 4.0 in 2023
2010 – 2024
Gentrification Score
63
RELATED:See current rent listings in Franklin on RentDataNow
Section 04

Race & ethnicity

2023
White, non-Hispanic83.8%(27,696)
Black2%(661)
Hispanic / Latino5%(1,651)
Asian6.1%(2,010)
Other3.2%(1,049)
Diversity Score36.4%(12,023)
2024
White, non-Hispanic82.2%(27,261)
Black2.1%(684)
Hispanic / Latino5.3%(1,759)
Asian6%(1,984)
Other4.4%(1,466)
Diversity Score39.4%(13,059)
Diversity Score
39
+8%since 2023
from 36 in 2023
2010 – 2024
Section 05

Education

Bachelor's degree or higher
58.1%
+1.7 ptssince 2023
from 56.4% in 2023
US average: 35.6%
High school or higher
97.6%
+0.5 ptssince 2023
from 97.2% in 2023
US average: 89.6%
Graduate degree
24.3%
−0.1 ptssince 2023
from 24.4% in 2023
US average: 14.0%
Section 06

Commute & transportation

Average commute
32.5 min
−5%since 2023
from 34.3 min in 2023
US average: 26.5
Drive alone to work
67.7%
+0.5 ptssince 2023
from 67.2% in 2023
US average: 68.9%
Carpooled to work
3.9%
−0.7 ptssince 2023
from 4.7% in 2023
US average: 8.5%
Public transit
3.0%
−0.3 ptssince 2023
from 3.3% in 2023
US average: 3.2%
Worked from home
22.1%
+0.6 ptssince 2023
from 21.5% in 2023
US average: 15.0%
Walked to work
1.7%
Unchangedsince 2023
from 1.7% in 2023
US average: 2.4%
Biked to work
0.0%
Unchangedsince 2023
from 0.0% in 2023
US average: 0.4%
No vehicle available
3.3%
+0.3 ptssince 2023
from 3.0% in 2023
US average: 8.3%
Section 07

Work & employment

Unemployment rate
5.2%
+0.1 ptssince 2023
from 5.1% in 2023
US average: 5.2%
Labor force participation
71.1%
+0.3 ptssince 2023
from 70.8% in 2023
US average: 63.5%
Self-employed
12.4%
+0.3 ptssince 2023
from 12.1% in 2023
US average: 13.1%
Management & professional
56.4%
+0.5 ptssince 2023
from 56.0% in 2023
US average: 42.5%
Section 08

People & community

Male
48.2%
+0.2 ptssince 2023
from 48.0% in 2023
Female
51.8%
−0.2 ptssince 2023
from 52.0% in 2023
Foreign born
10.3%
+0.3 ptssince 2023
from 10.0% in 2023
US average: 14.1%
Veterans
2.8%
−0.3 ptssince 2023
from 3.2% in 2023
US average: 6.2%
With a disability
10.8%
+0.2 ptssince 2023
from 10.6% in 2023
US average: 13.3%
Uninsured
1.4%
+0.1 ptssince 2023
from 1.3% in 2023
US average: 8.4%
Broadband at home
96.7%
+0.5 ptssince 2023
from 96.2% in 2023
US average: 91.0%
English only at home
87.5%
−0.7 ptssince 2023
from 88.2% in 2023
US average: 77.7%
Spanish at home
2.6%
+0.5 ptssince 2023
from 2.2% in 2023
US average: 13.6%
Drill deeper

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Compare Franklin to nearby cities

FRANKLIN VS
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Income$93,310−36%
Home value$464,700−24%
Population27,731−18%
SEE FULL COMPARISON →
FRANKLIN VS
Woonsocket
Income$61,059−58%
Home value$311,000−49%
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FRANKLIN VS
Cumberland Hill
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Home value$394,300−36%
Population8,648−75%
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FRANKLIN VS
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Income$112,665−23%
Home value$482,200−21%
Population31,506−7%
SEE FULL COMPARISON →
Frequently asked

How many people live in Franklin, Massachusetts?

Franklin, Massachusetts has about 33,154 residents according to the 2024 American Community Survey.

What is the median household income in Franklin, Massachusetts?

The typical household in Franklin, Massachusetts earns about $145,773 a year. Half of households make more than that, and half make less.

Is Franklin, Massachusetts expensive?

In Franklin, Massachusetts, the median home is worth about $611,700, and the typical rent is about $1,899 a month.

How educated are people in Franklin, Massachusetts?

About 58.1% of adults age 25 and over in Franklin, Massachusetts hold a bachelor's degree or higher.

What is the poverty rate in Franklin, Massachusetts?

About 5.9% of people in Franklin, Massachusetts live below the federal poverty line.

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

How we source and harmonize this data →