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The total population of Franklin town is estimated to be 1,415 with 706 males (49.89%) and 709 females (50.11%). There are 3 more females than males in Franklin town.
The median household income in Franklin town was $53,505 in 2021, which marked an a decrease of 8,031(13.05%) from $61,536 in 2020. This income is 71.72% of the U.S. median household income of $74,606 (all incomes in 2022 inflation-adjusted dollars).
Per the latest American Community Survey by the Census Bureau, Franklin town sees its highest median household income among householders in the age group of 25 to 44 years old, at $60,594. Overall, the median household income for the town of Franklin town stands at $53,505.
In Franklin town, the median income for all workers aged 15 years and older, regardless of work hours, was $29,026 for males and $18,479 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $41,041 for males and $47,186 for females.
In Franklin town, population is primarily represented by White households, reporting a median income of $55,847.
In 2022, the population of Franklin town was 1,597, a 0.69% increase year-by-year from 2021. Previously, in 2021, Franklin town's population was 1,586, an increase of 1.21% compared to a population of 1,567 in 2020.
The median age in Franklin, Maine is 55.0, as per 2021 ACS 5-Year Estimates. Of the total population, 11.67% were under the age of 15, 11.60% aged 15 to 29, 42.98% aged 30 to 64, 31.51% aged 65 to 84, and 2.24% were 85 years of age and older.
Racial distribution of Franklin town population: 93.80% are White, 0.92% are Black or African American, 0.33% are some other race and 4.94% are multiracial.