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The total population of Franklin is estimated to be 1,354 with 617 males (45.57%) and 737 females (54.43%). There are 120 more females than males in Franklin.
The median household income in Franklin was $52,559 in 2021, which marked an a decrease of 9,655(15.52%) from $62,214 in 2020. This income is 70.45% 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 $78,076. Overall, the median household income for the city of Franklin stands at $52,559.
In Franklin, the median income for all workers aged 15 years and older, regardless of work hours, was $36,287 for males and $17,098 for females. However, when specifically considering full-time, year-round workers within the same age group, while the Census reported a median income of $61,755 for males, while data for females was unavailable due to an insufficient number of sample observations.
In Franklin, there are just two different racial groups among households. Among these, Black or African American households report a median household income of $66,933, while White households have a median household income of $48,948.
In 2022, the population of Franklin was 1,728, a 0.99% increase year-by-year from 2021. Previously, in 2021, Franklin's population was 1,711, an increase of 6.21% compared to a population of 1,611 in 2020.
The median age in Franklin, TX is 40.1, as per 2021 ACS 5-Year Estimates. Of the total population, 18.19% were under the age of 15, 19.59% aged 15 to 29, 42.93% aged 30 to 64, 16.64% aged 65 to 84, and 2.65% were 85 years of age and older.
Racial distribution of Franklin population: 76.66% are White, 17.08% are Black or African American, 0.66% are some other race and 5.60% are multiracial.