Living in Franklin, Idaho
Cost of living, income, home prices, rent and demographics of Franklin · Census data 2020–2024
Franklin has 1,034 residents with a median age of 27.6. The median household income is $81,830 (5% higher than the Idaho median), the median home value is $370,200, the median rent is $1,282/month.
Franklin is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Franklin at a glance
- Population
- 1,034
- Median age
- 27.6State: 37.3
- Median household income
- $81,830State: $77,800
- Median home value
- $370,200State: $418,600
- Median rent
- $1,282/moState: $1,238
- Homeowners
- 80.8%
- Bachelor's degree or higher
- 24.5%
- Average commute
- 20 min
Is Franklin a good place to live?
Pros: Median household income 5% higher than the Idaho median; home values 12% lower than the state median; an average commute of 20 minutes; a poverty rate of 3.6%.
Cons: Unemployment of 6.2%.
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 $370,200, 11% higher than the U.S. median. Renters pay a median of $1,282 per month, which is 26.8% of household income. Homeowners with a mortgage pay $1,580 a month in housing costs.
Franklin median household income
The median household income in Franklin is $81,830 and the income per person is $32,614. 3.6% of residents live below the poverty line (Idaho: 10.6%).
Housing in Franklin: homes for sale and rent
- Housing units
- 373
- Owner-occupied
- 80.8%
- Renter-occupied
- 19.2%
- Vacant
- 2.1%Includes seasonal homes
- Median year built
- 1987
- Average household size
- 2.83
Franklin demographics
- Population
- 1,034
- Median age
- 27.6
- Under 18
- 23.3%
- 65 and older
- 11.6%
- Households
- 365
- Foreign-born
- 8.1%
- Veterans
- 2.5%Adults 18+
Hispanic or Latino can be of any race. Population history of Franklin ›
Education in Franklin
24.5% of adults 25 and older in Franklin have a bachelor's degree or higher (Idaho: 31.8%), and 8.3% have a graduate or professional degree.
Jobs and commute in Franklin
- Unemployment rate
- 6.2%State: 3.7%
- Average commute
- 20 minState: 22 min
- Work from home
- 14.8%
- Drive alone
- 81%
- Public transit
- 0.7%
- Walk to work
- 0.9%
- Homes with broadband
- 97.5%
Franklin vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Franklin | 1,034 | $81,830 | $370,200 | $1,282 |
| Lewiston | 2,408 | $98,583 | $390,500 | $921 |
| Richmond | 3,000 | $110,428 | $395,200 | $1,063 |
| Preston | 5,928 | $61,039 | $350,300 | $811 |
| Cornish | 236 | $97,500 | $296,100 | $1,063 |
| Weston | 569 | $88,462 | $344,300 | $1,750 |
| Trenton | 526 | $95,313 | $358,300 | — |
| Amalga | 511 | $97,679 | $431,300 | $2,120 |
| Smithfield | 14,408 | $97,537 | $450,200 | $1,311 |
More for people moving to Franklin
Franklin ZIP code ›Weather and climate ›Living in Franklin: FAQ
What is the median household income in Franklin, ID?
The median household income in Franklin is $81,830, 5% higher than the Idaho median of $77,800 (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 $370,200, compared with $418,600 in Idaho.
How much is rent in Franklin?
The median gross rent in Franklin is $1,282 per month, about 26.8% of household income.
Is Franklin, ID a good place to live?
Pluses: median household income 5% higher than the Idaho median; home values 12% lower than the state median; an average commute of 20 minutes; a poverty rate of 3.6%. Minuses: unemployment of 6.2%.
What is the median age in Franklin?
The median age in Franklin is 27.6 years (Idaho: 37.3).
How long is the commute in Franklin?
The average commute to work in Franklin is 20 minutes; 14.8% of workers work from home.
What is the unemployment rate in Franklin?
The unemployment rate in Franklin is 6.2% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Franklin?
24.5% 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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