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CITY · 2020 ACS

Franklin

Minnesota · 493 residents · 1.005 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 $45,750. Population has held roughly steady since 2000. 10% of adults hold a bachelor's degree or higher, below the national rate of 33%. Median home value has more than doubled since 2000, reaching $80,700. The poverty rate of 24.0% is well above the national figure. Households here earn about 38% less than the Minnesota median.

At a glance
Lower income
below the US median
US median: $66,278
Older
median age 42.1
US median: 38.8
Less educated
10% hold a bachelor's degree
US average: 33%
Less affordable
home values up 38%, inflation adjusted
US median home: $265,253
Section 01

Population & growth

Total population
493
−1%since 2000
from 498 in 2000
1990 – 2025
Population density
491 / sq mi
−1%since 2000
from 496 / sq mi in 2000
US average: 280
Median age
42.1
−1%since 2000
from 42.6 in 2000
US average: 38.8
Population, 1990 – 2024
4224855486116741990201020202024Franklin
2024526
1990201020202024
Section 02

Income & economy

Median household income
$45,750
−19%inflation adjusted, since 2000
from $37,583 in 2000
US average: $66,278
1990 – 2024
Per capita income
$20,793
+28%since 2000
from $16,212 in 2000
US average: $35,364
Households earning $100K+
30.0%
+21.0 ptssince 2009
from 9.0% in 2009
US average: 43.9%
Poverty rate
24.0%
+15.0 ptssince 2000
from 9.0% in 2000
US average: 12.8%
Workforce by industry, 2020
Wholesale trade12.5%
US avg: 6.7%
Finance & insurance10.6%
US avg: 5.5%
Professional, scientific, technical10.6%
US avg: 4.7%
Retail trade9.5%
US avg: 10%
Information7.6%
US avg: 11.1%
Agriculture, forestry, fishing4.6%
US avg: 1.7%
Construction4.6%
US avg: 1.2%
Other services1.5%
US avg: 6.6%
Public administration1.5%
US avg: 4.7%
Transportation & warehousing0.8%
US avg: 2.5%
Arts, entertainment, food0.8%
US avg: 2%
Manufacturing0%
US avg: 0.5%
Education & health services0%
US avg: 0.8%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03

Housing

Median home value
$80,700
+38%inflation adjusted, since 2000
from $38,800 in 2000
US average: $265,253
1990 – 2024
Median gross rent
$579
+12%inflation adjusted, since 2000
from $345 in 2000
US average: $1,124
Owner-occupied
73.1%
−4.3 ptssince 2000
from 77.4% in 2000
26.9% rent
Afford Score
1.8
+71%since 2000
from 1.0 in 2000
1990 – 2024
RELATED:See current rent listings in Franklin on RentDataNow
Section 04

Race & ethnicity

2000
White, non-Hispanic96.4%(480)
Black0%(0)
Hispanic / Latino1.4%(7)
Asian0%(0)
Other0%
Diversity Score3.5%(18)
2020
White, non-Hispanic84.8%(418)
Black0%(0)
Hispanic / Latino5.9%(29)
Asian2%(10)
Other17.8%(88)
Diversity Score47.8%(236)
Diversity Score
48
+1249%since 2000
from 4 in 2000
1990 – 2024
Section 05

Education

Bachelor's degree or higher
10.2%
−2.4 ptssince 2000
from 12.6% in 2000
US average: 32.9%
High school or higher
86.8%
+16.5 ptssince 2000
from 70.3% in 2000
US average: 88.5%
Graduate degree
1.0%
−0.1 ptssince 2000
from 1.1% in 2000
US average: 12.7%
Section 06

Commute & transportation

Average commute
17.4 min
−13%since 2000
from 19.9 min in 2000
US average: 26.9
Drive alone to work
84.3%
−2.7 ptssince 2009
from 87.0% in 2009
US average: 75.1%
No vehicle available
9.1%
−0.4 ptssince 2009
from 9.5% in 2009
US average: 8.4%
Section 07

Work & employment

Unemployment rate
3.7%
−0.7 ptssince 2011
from 4.3% in 2011
US average: 5.4%
Labor force participation
59.2%
−0.3 ptssince 2011
from 59.5% in 2011
US average: 63.4%
Management & professional
20.9%
−26.5 ptssince 2009
from 47.4% in 2009
US average: 39.3%
Section 08

People & community

Male
52.4%
−3.6 ptssince 2009
from 56.0% in 2009
Female
47.6%
+3.6 ptssince 2009
from 44.0% in 2009
Foreign born
5.2%
+4.5 ptssince 2009
from 0.7% in 2009
US average: 13.5%
Uninsured
12.9%
−78.1 ptssince 2013
from 91.0% in 2013
US average: 8.8%
Drill deeper

Places similar to Franklin

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Pop 529
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Compare Franklin to nearby cities

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Frequently asked

How many people live in Franklin, Minnesota?

Franklin, Minnesota has about 493 residents according to the 2020 American Community Survey.

What is the median household income in Franklin, Minnesota?

The typical household in Franklin, Minnesota earns about $45,750 a year. Half of households make more than that, and half make less.

Is Franklin, Minnesota expensive?

In Franklin, Minnesota, the median home is worth about $80,700, and the typical rent is about $579 a month.

How educated are people in Franklin, Minnesota?

About 10.2% of adults age 25 and over in Franklin, Minnesota hold a bachelor's degree or higher.

What is the poverty rate in Franklin, Minnesota?

About 24.0% of people in Franklin, Minnesota live below the federal poverty line.

Has Franklin, Minnesota grown since 1990?

Yes, Franklin, Minnesota has grown since 1990. The population has added about 50 residents, a change of about 11 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 →