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The total population of New Franklin is estimated to be 1,057 with 535 males (50.61%) and 522 females (49.39%). There are 13 less females than males in New Franklin.
The median household income in New Franklin was $47,045 in 2021, which marked an a decrease of 264(0.56%) from $47,309 in 2020. This income is 63.06% 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, New Franklin sees its highest median household income among householders in the age group of 25 to 44 years old, at $63,654. Overall, the median household income for the city of New Franklin stands at $47,045.
In New Franklin, the median income for all workers aged 15 years and older, regardless of work hours, was $24,005 for males and $21,425 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $43,575 for males and $35,468 for females.
In New Franklin, there are just two different racial groups among households. Among these, Black or African American households report a median household income of $68,908, while White households have a median household income of $46,738.
In 2022, the population of New Franklin was 1,027, a 0.20% increase year-by-year from 2021. Previously, in 2021, New Franklin's population was 1,025, a decline of 0.10% compared to a population of 1,026 in 2020.
The median age in New Franklin, MO is 41.9, as per 2021 ACS 5-Year Estimates. Of the total population, 17.26% were under the age of 15, 16.89% aged 15 to 29, 42.31% aged 30 to 64, 21.95% aged 65 to 84, and 1.59% were 85 years of age and older.
Racial distribution of New Franklin population: 88.93% are White, 5.16% are Black or African American, 2.16% are American Indian and Alaska Native, 0.28% are Asian and 3.47% are multiracial.