Living in Franklin, Connecticut
Cost of living, income, home prices, rent and demographics of Franklin · Census data 2020–2024
Franklin has 2,004 residents with a median age of 40.3. The median household income is $105,000 (10% higher than the Connecticut median), the median home value is $326,200, the median rent is $767/month.
Franklin at a glance
- Population
- 2,004
- Median age
- 40.3State: 41.1
- Median household income
- $105,000State: $95,781
- Median home value
- $326,200State: $366,900
- Median rent
- $767/moState: $1,488
- Homeowners
- 84.1%
- Bachelor's degree or higher
- 27.8%
- Average commute
- 27 min
Is Franklin a good place to live?
Pros: Median household income 10% higher than the Connecticut median; home values 11% lower than the state median; a poverty rate of 8.7%.
Cons: An average commute of 27 minutes; unemployment of 6.8%.
The weather is best in June to September.
Cost of living in Franklin
Housing is the biggest part of the cost of living. In Franklin the median home value is $326,200, about the same as the U.S. median. Renters pay a median of $767 per month, which is 22.5% of household income. Homeowners with a mortgage pay $2,015 a month in housing costs.
Franklin median household income
The median household income in Franklin is $105,000 and the income per person is $45,761. 8.7% of residents live below the poverty line (Connecticut: 10%).
Housing in Franklin: homes for sale and rent
- Housing units
- 734
- Owner-occupied
- 84.1%
- Renter-occupied
- 15.9%
- Vacant
- 2.5%Includes seasonal homes
- Median year built
- 1973
- Average household size
- 2.77
Franklin demographics
- Population
- 2,004
- Median age
- 40.3
- Under 18
- 27.2%
- 65 and older
- 17.4%
- Households
- 716
- Foreign-born
- 1.8%
- Veterans
- 9.1%Adults 18+
Hispanic or Latino can be of any race. Population history of Franklin ›
Education in Franklin
27.8% of adults 25 and older in Franklin have a bachelor's degree or higher (Connecticut: 42.5%), and 13.4% have a graduate or professional degree.
Jobs and commute in Franklin
- Unemployment rate
- 6.8%State: 5.6%
- Average commute
- 27 minState: 27 min
- Work from home
- 6.8%
- Drive alone
- 85.4%
- Public transit
- 0.3%
- Walk to work
- 1.6%
- Homes with broadband
- 94.1%
Franklin vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Franklin | 2,004 | $105,000 | $326,200 | $767 |
| Baltic | 1,157 | $68,958 | $196,200 | $1,247 |
| Sprague | 2,962 | $92,850 | $273,500 | $1,247 |
| South Windham | 1,281 | $75,045 | $214,100 | $1,341 |
| Lebanon | 7,116 | $109,135 | $345,900 | $1,630 |
| Bozrah | 2,293 | $108,516 | $311,200 | $1,426 |
| Norwich | 39,973 | $65,024 | $242,300 | $1,253 |
| Scotland | 1,599 | $99,881 | $294,100 | $1,188 |
| Windham | 23,961 | $55,736 | $209,800 | $1,107 |
More for people moving to Franklin
Franklin ZIP code ›Weather and climate ›Living in Franklin: FAQ
What is the median household income in Franklin, CT?
The median household income in Franklin is $105,000, 10% higher than the Connecticut median of $95,781 (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 $326,200, compared with $366,900 in Connecticut.
How much is rent in Franklin?
The median gross rent in Franklin is $767 per month, about 22.5% of household income.
Is Franklin, CT a good place to live?
Pluses: median household income 10% higher than the Connecticut median; home values 11% lower than the state median; a poverty rate of 8.7%. Minuses: an average commute of 27 minutes; unemployment of 6.8%.
What is the median age in Franklin?
The median age in Franklin is 40.3 years (Connecticut: 41.1).
How long is the commute in Franklin?
The average commute to work in Franklin is 27 minutes; 6.8% of workers work from home.
What is the unemployment rate in Franklin?
The unemployment rate in Franklin is 6.8% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Franklin?
27.8% 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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