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CITY

Franklin

Michigan · 3,134 residents (2025 est.) · 2.663 sq mi
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The short version

Franklin is significantly wealthier than the US average, with a median household income of $194,079. Population has declined 13% since 2000. 80% of adults hold a bachelor's degree or higher, well above the national rate of 36%. Median home value has more than doubled since 2000, reaching $774,900. With a median age of 49.5, the population is older than the US median of 38.9. It ranks in the top 1% of US cities for household income.

At a glance
Wealthier
above the US median
US median: $82,259
Older
median age 49.5
US median: 38.9
More educated
80% 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
2,554
−13%since 2000
from 2,937 in 2000
1990 – 2025
Population density
959 / sq mi
−13%since 2000
from 1,103 / sq mi in 2000
US average: 281
Median age
49.5
+19%since 2000
from 41.7 in 2000
US average: 38.9

PEP 2025 EST:3,134 residents (Census Bureau Vintage 2025, released March 2026)

Population, 1990 – 2024
2K3K3K3K3K1990201020202024Franklin
20243K
1990201020202024
Section 02

Income & economy

Median household income
$194,079
−14%inflation adjusted, since 2000
from $124,014 in 2000
US average: $82,259
1990 – 2024
Per capita income
$125,797
+77%since 2000
from $71,033 in 2000
US average: $44,673
Households earning $100K+
84.3%
+5.4 ptssince 2009
from 78.9% in 2009
US average: 53.3%
Poverty rate
2.8%
+1.8 ptssince 2000
from 1.0% in 2000
US average: 12.5%
Income inequality (Gini)
0.468
−11%since 2010
from 0.527 in 2010
US average: 0.476
Workforce by industry, 2024
Retail trade15%
US avg: 9.9%
Other services12.2%
US avg: 6.7%
Public administration8.5%
US avg: 4.8%
Information5.7%
US avg: 10.8%
Wholesale trade3.4%
US avg: 6.9%
Transportation & warehousing2.1%
US avg: 2.2%
Finance & insurance0.6%
US avg: 5.9%
Education & health services0.6%
US avg: 0.9%
Arts, entertainment, food0.6%
US avg: 1.9%
Agriculture, forestry, fishing0%
US avg: 1.6%
Construction0%
US avg: 1.2%
Manufacturing0%
US avg: 0.4%
Professional, scientific, technical0%
US avg: 5.1%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03

Housing

Median home value
$774,900
+1%inflation adjusted, since 2000
from $419,100 in 2000
US average: $376,019
1990 – 2024
Owner-occupied
98.2%
+0.3 ptssince 2000
from 97.9% in 2000
1.8% rent
Vacancy rate
6.4%
−1.0 ptssince 2009
from 7.4% in 2009
US average: 10.0%
Owner cost-burdened
18.2%
−10.9 ptssince 2009
from 29.1% in 2009
US average: 22.9%
Renter cost-burdened
15.8%
−84.2 ptssince 2009
from 100.0% in 2009
US average: 47.4%
Afford Score
4.0
+18%since 2000
from 3.4 in 2000
1990 – 2024
Gentrification Score
40
RELATED:See current rent listings in Franklin on RentDataNow
Section 04

Race & ethnicity

2000
White, non-Hispanic89%(2,614)
Black5%(148)
Hispanic / Latino0.9%(25)
Asian3.6%(105)
Other0%
Diversity Score22.4%(657)
2024
White, non-Hispanic78.2%(1,997)
Black8.3%(211)
Hispanic / Latino7.2%(183)
Asian3%(77)
Other3.4%(86)
Diversity Score46.8%(1,196)
Diversity Score
47
+109%since 2000
from 22 in 2000
1990 – 2024
Section 05

Education

Bachelor's degree or higher
80.2%
+9.1 ptssince 2000
from 71.1% in 2000
US average: 35.6%
High school or higher
97.3%
+1.0 ptssince 2000
from 96.3% in 2000
US average: 89.6%
Graduate degree
45.4%
+7.7 ptssince 2000
from 37.8% in 2000
US average: 14.0%
Section 06

Commute & transportation

Average commute
25.5 min
+82%since 2000
from 14.0 min in 2000
US average: 26.5
Drive alone to work
73.2%
−15.5 ptssince 2009
from 88.6% in 2009
US average: 68.9%
Carpooled to work
1.7%
−2.5 ptssince 2009
from 4.2% in 2009
US average: 8.5%
Public transit
0.4%
−0.2 ptssince 2009
from 0.6% in 2009
US average: 3.2%
Worked from home
22.8%
+18.2 ptssince 2009
from 4.6% in 2009
US average: 15.0%
Walked to work
1.4%
−0.2 ptssince 2009
from 1.6% in 2009
US average: 2.4%
Biked to work
0.0%
Unchangedsince 2009
from 0.0% in 2009
US average: 0.4%
No vehicle available
0.0%
Unchangedsince 2009
from 0.0% in 2009
US average: 8.3%
Section 07

Work & employment

Unemployment rate
2.0%
−0.2 ptssince 2011
from 2.2% in 2011
US average: 5.2%
Labor force participation
62.4%
+4.2 ptssince 2011
from 58.2% in 2011
US average: 63.5%
Self-employed
14.3%
+7.3 ptssince 2009
from 6.9% in 2009
US average: 13.1%
Management & professional
71.2%
−12.2 ptssince 2009
from 83.3% in 2009
US average: 42.5%
Section 08

People & community

Male
47.9%
+0.1 ptssince 2009
from 47.9% in 2009
Female
52.1%
−0.1 ptssince 2009
from 52.1% in 2009
Foreign born
11.3%
+1.4 ptssince 2009
from 9.9% in 2009
US average: 14.1%
Veterans
1.8%
−46.0 ptssince 2009
from 47.8% in 2009
US average: 6.2%
With a disability
7.8%
−0.5 ptssince 2012
from 8.3% in 2012
US average: 13.3%
Uninsured
1.2%
−96.7 ptssince 2013
from 97.9% in 2013
US average: 8.4%
Broadband at home
98.9%
+7.8 ptssince 2017
from 91.1% in 2017
US average: 91.0%
English only at home
86.1%
+0.2 ptssince 2016
from 86.0% in 2016
US average: 77.7%
Spanish at home
1.8%
+1.5 ptssince 2016
from 0.3% in 2016
US average: 13.6%
Drill deeper

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Head to head

Compare Franklin to nearby cities

FRANKLIN VS
Beverly Hills
Income$177,412−9%
Home value$511,000−34%
Population10,449+233%
SEE FULL COMPARISON →
FRANKLIN VS
Southfield
Income$68,166−65%
Home value$236,200−70%
Population76,111+2329%
SEE FULL COMPARISON →
FRANKLIN VS
Farmington Hills
Income$104,836−46%
Home value$354,500−54%
Population83,291+2558%
SEE FULL COMPARISON →
FRANKLIN VS
Birmingham
Income$153,510−21%
Home value$698,300−10%
Population21,923+600%
SEE FULL COMPARISON →
Frequently asked

How many people live in Franklin, Michigan?

Franklin, Michigan has about 2,554 residents according to the 2024 American Community Survey.

What is the median household income in Franklin, Michigan?

The typical household in Franklin, Michigan earns about $194,079 a year. Half of households make more than that, and half make less.

Is Franklin, Michigan expensive?

In Franklin, Michigan, the median home is worth about $774,900.

How educated are people in Franklin, Michigan?

About 80.2% of adults age 25 and over in Franklin, Michigan hold a bachelor's degree or higher.

What is the poverty rate in Franklin, Michigan?

About 2.8% of people in Franklin, Michigan live below the federal poverty line.

Has Franklin, Michigan grown since 1990?

Yes, Franklin, Michigan has shrunk since 1990. The population has lost about 72 residents, a change of about -3 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 →

Franklin, Michigan: demographics, income & housing data · CensusEasy