Download
Share
Contents
Save
The total population of Franklin is estimated to be 2,653 with 1,302 males (49.08%) and 1,351 females (50.92%). There are 49 more females than males in Franklin.
The median household income in Franklin was $168,301 in 2021, which marked an a decrease of 11,821(6.56%) from $180,122 in 2020. This income is 225.59% 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 sees its highest median household income among householders in the age group of 45 to 64 years old, at $181,053. Overall, the median household income for the village of Franklin stands at $168,301.
In Franklin, the median income for all workers aged 15 years and older, regardless of work hours, was $109,593 for males and $53,274 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $162,677 for males and $122,324 for females.
In Franklin, there are just three different racial groups among households. Among these, White households report a median household income of $175,141, followed by Two or More Races households at $163,128, and Black or African American households with a median household income of $115,721.
In 2022, the population of Franklin was 3,108, a 0.67% decrease year-by-year from 2021. Previously, in 2021, Franklin's population was 3,129, a decline of 0.73% compared to a population of 3,152 in 2020.
The median age in Franklin, MI is 46.1, as per 2021 ACS 5-Year Estimates. Of the total population, 19.00% were under the age of 15, 14.55% aged 15 to 29, 46.88% aged 30 to 64, 16.74% aged 65 to 84, and 2.83% were 85 years of age and older.
Racial distribution of Franklin population: 75.99% are White, 12.87% are Black or African American, 0.04% are American Indian and Alaska Native, 5.34% are Asian, 0.43% are some other race and 5.34% are multiracial.