Living in Franklin, Arkansas
Cost of living, income, home prices, rent and demographics of Franklin · Census data 2020–2024
Franklin has 283 residents with a median age of 33.8. The median household income is $50,000 (18% lower than the Arkansas median), the median home value is $117,500.
Franklin is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Franklin at a glance
- Population
- 283
- Median age
- 33.8State: 38.5
- Median household income
- $50,000State: $60,773
- Median home value
- $117,500State: $188,000
- Homeowners
- 99%
- Bachelor's degree or higher
- 8.9%
- Average commute
- 19 min
Is Franklin a good place to live?
Pros: Home values 38% lower than the state median; an average commute of 19 minutes; unemployment of 3.9%.
Cons: Median household income 18% lower than the Arkansas median; a poverty rate of 26.5%.
The weather is best in May–June 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 $117,500, 65% lower than the U.S. median. Renters pay a median of — per month. Homeowners with a mortgage pay $696 a month in housing costs.
Franklin median household income
The median household income in Franklin is $50,000 and the income per person is $30,858. 26.5% of residents live below the poverty line (Arkansas: 16%).
Housing in Franklin: homes for sale and rent
- Housing units
- 121
- Owner-occupied
- 99%
- Renter-occupied
- 1%
- Vacant
- 20.7%Includes seasonal homes
- Median year built
- 1974
- Average household size
- 2.95
Franklin demographics
- Population
- 283
- Median age
- 33.8
- Under 18
- 23.3%
- 65 and older
- 14.8%
- Households
- 96
- Foreign-born
- 4.9%
- Veterans
- 6%Adults 18+
Hispanic or Latino can be of any race. Population history of Franklin ›
Education in Franklin
8.9% of adults 25 and older in Franklin have a bachelor's degree or higher (Arkansas: 25.7%), and 0% have a graduate or professional degree.
Jobs and commute in Franklin
- Unemployment rate
- 3.9%State: 4.9%
- Average commute
- 19 minState: 23 min
- Work from home
- 9.1%
- Drive alone
- 76.8%
- Public transit
- 0%
- Walk to work
- 4%
- Homes with broadband
- 90.6%
Franklin vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Franklin | 283 | $50,000 | $117,500 | — |
| Horseshoe Bend | 2,555 | $46,080 | $128,500 | $748 |
| Oxford | 820 | $51,591 | $97,100 | — |
| Melbourne | 2,263 | $39,469 | $172,800 | $601 |
| Ash Flat | 1,217 | $41,667 | $94,000 | $663 |
| Evening Shade | 534 | $33,281 | $129,300 | $625 |
| Mount Pleasant | 345 | $42,031 | $117,800 | $494 |
| Sidney | 175 | $48,750 | $126,300 | $725 |
| Cherokee Village | 5,046 | $37,326 | $94,600 | $951 |
More for people moving to Franklin
Franklin ZIP code ›Weather and climate ›Living in Franklin: FAQ
What is the median household income in Franklin, AR?
The median household income in Franklin is $50,000, 18% lower than the Arkansas median of $60,773 (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 $117,500, compared with $188,000 in Arkansas.
Is Franklin, AR a good place to live?
Pluses: home values 38% lower than the state median; an average commute of 19 minutes; unemployment of 3.9%. Minuses: median household income 18% lower than the Arkansas median; a poverty rate of 26.5%.
What is the median age in Franklin?
The median age in Franklin is 33.8 years (Arkansas: 38.5).
How long is the commute in Franklin?
The average commute to work in Franklin is 19 minutes; 9.1% of workers work from home.
What is the unemployment rate in Franklin?
The unemployment rate in Franklin is 3.9% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Franklin?
8.9% 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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