Living in Franklin, Alabama
Cost of living, income, home prices, rent and demographics of Franklin · Census data 2020–2024
Franklin has 981 residents with a median age of 51.9. The median household income is $85,817 (34% higher than the Alabama median), the median home value is $77,900, the median rent is $746/month.
Franklin is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Franklin at a glance
- Population
- 981
- Median age
- 51.9State: 39.3
- Median household income
- $85,817State: $63,999
- Median home value
- $77,900State: $209,900
- Median rent
- $746/moState: $1,007
- Homeowners
- 81.8%
- Bachelor's degree or higher
- 40.9%
- Average commute
- 24 min
Is Franklin a good place to live?
Pros: Median household income 34% higher than the Alabama median; home values 63% lower than the state median; an average commute of 24 minutes.
Cons: Unemployment of 18.1%; a poverty rate of 17.3%.
The weather is best in April–May and September–October.
Cost of living in Franklin
Housing is the biggest part of the cost of living. In Franklin the median home value is $77,900, 77% lower than the U.S. median. Renters pay a median of $746 per month, which is 33.5% of household income. Homeowners with a mortgage pay $873 a month in housing costs.
Franklin median household income
The median household income in Franklin is $85,817 and the income per person is $42,120. 17.3% of residents live below the poverty line (Alabama: 15.6%).
Housing in Franklin: homes for sale and rent
- Housing units
- 528
- Owner-occupied
- 81.8%
- Renter-occupied
- 18.2%
- Vacant
- 20.8%Includes seasonal homes
- Median year built
- 1992
- Average household size
- 2.35
Franklin demographics
- Population
- 981
- Median age
- 51.9
- Under 18
- 13.1%
- 65 and older
- 35.9%
- Households
- 418
- Foreign-born
- 2.3%
- Veterans
- 16.1%Adults 18+
Hispanic or Latino can be of any race. Population history of Franklin ›
Education in Franklin
40.9% of adults 25 and older in Franklin have a bachelor's degree or higher (Alabama: 28.4%), and 28.1% have a graduate or professional degree.
Jobs and commute in Franklin
- Unemployment rate
- 18.1%State: 4.7%
- Average commute
- 24 minState: 26 min
- Work from home
- 34.8%
- Drive alone
- 60.6%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 90.7%
Franklin vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Franklin | 981 | $85,817 | $77,900 | $746 |
| Tuskegee | 8,938 | $38,000 | $104,800 | $757 |
| Tallassee | 5,134 | $66,752 | $144,600 | $964 |
| Reeltown | 980 | $83,523 | $114,200 | — |
| Notasulga | 1,050 | $42,411 | $137,500 | $698 |
| Shorter | 404 | $48,125 | $98,600 | — |
| Loachapoka | 223 | $41,985 | $220,200 | $905 |
| Emerald Mountain | 3,535 | $123,347 | $321,300 | — |
| Eclectic | 1,141 | $49,904 | $161,800 | $699 |
More for people moving to Franklin
Franklin ZIP code ›Weather and climate ›Living in Franklin: FAQ
What is the median household income in Franklin, AL?
The median household income in Franklin is $85,817, 34% higher than the Alabama median of $63,999 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Franklin?
The median home value in Franklin is $77,900, compared with $209,900 in Alabama.
How much is rent in Franklin?
The median gross rent in Franklin is $746 per month, about 33.5% of household income.
Is Franklin, AL a good place to live?
Pluses: median household income 34% higher than the Alabama median; home values 63% lower than the state median; an average commute of 24 minutes. Minuses: unemployment of 18.1%; a poverty rate of 17.3%.
What is the median age in Franklin?
The median age in Franklin is 51.9 years (Alabama: 39.3).
How long is the commute in Franklin?
The average commute to work in Franklin is 24 minutes; 34.8% of workers work from home.
What is the unemployment rate in Franklin?
The unemployment rate in Franklin is 18.1% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Franklin?
40.9% of adults in Franklin have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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