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The total population of Franklin township is estimated to be 2,887 with 1,355 males (46.93%) and 1,532 females (53.07%). There are 177 more females than males in Franklin township.
The median household income in Franklin township was $98,328 in 2021, which marked an a decrease of 11,162(10.19%) from $109,490 in 2020. This income is 131.80% 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 township sees its highest median household income among householders in the age group of 45 to 64 years old, at $142,884. Overall, the median household income for the township of Franklin township stands at $98,328.
In Franklin township, the median income for all workers aged 15 years and older, regardless of work hours, was $67,686 for males and $33,103 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $97,883 for males and $71,460 for females.
In Franklin township, there are just two different racial groups among households. Among these, Two or More Races households report a median household income of $193,827, while White households have a median household income of $97,631.
In 2022, the population of Franklin township was 2,901, a 0.17% decrease year-by-year from 2021. Previously, in 2021, Franklin township's population was 2,906, an increase of 0.66% compared to a population of 2,887 in 2020.
The median age in Franklin Township, Minnesota is 42.3, as per 2021 ACS 5-Year Estimates. Of the total population, 20.58% were under the age of 15, 18.52% aged 15 to 29, 39.52% aged 30 to 64, 20.13% aged 65 to 84, and 1.26% were 85 years of age and older.
Racial distribution of Franklin township population: 97.69% are White, 0.39% are American Indian and Alaska Native, 0.35% are Asian and 1.58% are multiracial.