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CITY · 2020 ACS

Franklin

Massachusetts · 33,261 residents · 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 $118,193. Population has held roughly steady since 2019. 55% of adults hold a bachelor's degree or higher, well above the national rate of 33%. Median home value is $432,800. Poverty is rare here, at 5.3% of residents. Households here earn about 40% more than the Massachusetts median.

At a glance
Wealthier
above the US median
US median: $66,278
Older
median age 41.6
US median: 38.8
More educated
55% 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

Total population
33,261
Unchangedsince 2019
from 33,256 in 2019
2010 – 2025
Population density
1,249 / sq mi
Unchangedsince 2019
from 1,248 / sq mi in 2019
US average: 280
Median age
41.6
+1%since 2019
from 41.1 in 2019
US average: 38.8
Population, 2010 – 2024
31K32K32K33K33K201020202024Franklin
202433K
201020202024
Section 02

Income & economy

Median household income
$118,193
−5%inflation adjusted, since 2019
from $122,607 in 2019
US average: $66,278
2010 – 2024
Per capita income
$54,319
+1%since 2019
from $53,944 in 2019
US average: $35,364
Households earning $100K+
68.5%
−3.3 ptssince 2019
from 71.8% in 2019
US average: 43.9%
Poverty rate
5.3%
+1.3 ptssince 2019
from 4.0% in 2019
US average: 12.8%
Workforce by industry, 2020
Information12.2%
US avg: 11.1%
Other services10.3%
US avg: 6.6%
Retail trade8.5%
US avg: 10%
Public administration7.9%
US avg: 4.7%
Wholesale trade5.9%
US avg: 6.7%
Finance & insurance3.9%
US avg: 5.5%
Transportation & warehousing3.7%
US avg: 2.5%
Professional, scientific, technical3.5%
US avg: 4.7%
Arts, entertainment, food2.6%
US avg: 2%
Agriculture, forestry, fishing0.6%
US avg: 1.7%
Construction0.6%
US avg: 1.2%
Education & health services0.4%
US avg: 0.8%
Manufacturing0%
US avg: 0.5%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03

Housing

Median home value
$432,800
−1%inflation adjusted, since 2019
from $432,700 in 2019
US average: $265,253
2010 – 2024
Median gross rent
$1,468
+5%inflation adjusted, since 2019
from $1,378 in 2019
US average: $1,124
Owner-occupied
77.0%
−3.7 ptssince 2019
from 80.7% in 2019
23.0% rent
Afford Score
3.7
+4%since 2019
from 3.5 in 2019
2010 – 2024
RELATED:See current rent listings in Franklin on RentDataNow
Section 04

Race & ethnicity

2019
White, non-Hispanic89.2%(29,664)
Black0.9%(301)
Hispanic / Latino1.6%(531)
Asian5.8%(1,915)
Other2.5%(845)
Diversity Score25%(8,316)
2020
White, non-Hispanic85.1%(28,305)
Black1.9%(635)
Hispanic / Latino3.7%(1,221)
Asian5.5%(1,829)
Other2.4%(810)
Diversity Score31.2%(10,386)
Diversity Score
31
+25%since 2019
from 25 in 2019
2010 – 2024
Section 05

Education

Bachelor's degree or higher
55.3%
−0.5 ptssince 2019
from 55.7% in 2019
US average: 32.9%
High school or higher
97.2%
−0.1 ptssince 2019
from 97.3% in 2019
US average: 88.5%
Graduate degree
24.2%
+0.5 ptssince 2019
from 23.7% in 2019
US average: 12.7%
Section 06

Commute & transportation

Average commute
36.2 min
−1%since 2019
from 36.7 min in 2019
US average: 26.9
Drive alone to work
76.8%
−2.4 ptssince 2019
from 79.2% in 2019
US average: 75.1%
No vehicle available
3.5%
−0.2 ptssince 2019
from 3.7% in 2019
US average: 8.4%
Section 07

Work & employment

Unemployment rate
4.2%
+0.1 ptssince 2019
from 4.1% in 2019
US average: 5.4%
Labor force participation
71.7%
−1.0 ptssince 2019
from 72.7% in 2019
US average: 63.4%
Management & professional
55.4%
−0.2 ptssince 2019
from 55.6% in 2019
US average: 39.3%
Section 08

People & community

Male
48.0%
−0.2 ptssince 2019
from 48.2% in 2019
Female
52.0%
+0.2 ptssince 2019
from 51.8% in 2019
Foreign born
8.5%
+1.7 ptssince 2019
from 6.8% in 2019
US average: 13.5%
Uninsured
0.8%
−0.1 ptssince 2019
from 0.9% in 2019
US average: 8.8%
Drill deeper

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Head to head

Compare Franklin to nearby cities

FRANKLIN VS
Milford
Income$93,310−21%
Home value$464,700+7%
Population27,731−18%
SEE FULL COMPARISON →
FRANKLIN VS
Woonsocket
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Home value$311,000−28%
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FRANKLIN VS
Cumberland Hill
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FRANKLIN VS
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Income$112,665−5%
Home value$482,200+11%
Population31,506−7%
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Frequently asked

How many people live in Franklin, Massachusetts?

Franklin, Massachusetts has about 33,261 residents according to the 2020 American Community Survey.

What is the median household income in Franklin, Massachusetts?

The typical household in Franklin, Massachusetts earns about $118,193 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 $432,800, and the typical rent is about $1,468 a month.

How educated are people in Franklin, Massachusetts?

About 55.3% 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 5.3% 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

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