Living in Franklin, Maine
Cost of living, income, home prices, rent and demographics of Franklin · Census data 2020–2024
Franklin has 1,628 residents with a median age of 46. The median household income is $65,455 (12% lower than the Maine median), the median home value is $245,800, the median rent is $888/month.
Franklin at a glance
- Population
- 1,628
- Median age
- 46State: 44.8
- Median household income
- $65,455State: $74,733
- Median home value
- $245,800State: $296,600
- Median rent
- $888/moState: $1,139
- Homeowners
- 76.8%
- Bachelor's degree or higher
- 28.5%
- Average commute
- 29 min
Is Franklin a good place to live?
Pros: Home values 17% lower than the state median.
Cons: Median household income 12% lower than the Maine median; an average commute of 29 minutes; unemployment of 7.9%; a poverty rate of 15.7%.
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 $245,800, 26% lower than the U.S. median. Renters pay a median of $888 per month, which is 22.1% of household income. Homeowners with a mortgage pay $1,563 a month in housing costs.
Franklin median household income
The median household income in Franklin is $65,455 and the income per person is $34,808. 15.7% of residents live below the poverty line (Maine: 10.7%).
Housing in Franklin: homes for sale and rent
- Housing units
- 1,023
- Owner-occupied
- 76.8%
- Renter-occupied
- 23.2%
- Vacant
- 29.2%Includes seasonal homes
- Median year built
- 1984
- Average household size
- 2.23
Franklin demographics
- Population
- 1,628
- Median age
- 46
- Under 18
- 16.3%
- 65 and older
- 25.6%
- Households
- 724
- Foreign-born
- 0.7%
- Veterans
- 5.9%Adults 18+
Hispanic or Latino can be of any race. Population history of Franklin ›
Education in Franklin
28.5% of adults 25 and older in Franklin have a bachelor's degree or higher (Maine: 36.2%), and 8.8% have a graduate or professional degree.
Jobs and commute in Franklin
- Unemployment rate
- 7.9%State: 3.8%
- Average commute
- 29 minState: 25 min
- Work from home
- 12.2%
- Drive alone
- 60.7%
- Public transit
- 0.2%
- Walk to work
- 0.7%
- Homes with broadband
- 85.4%
Franklin vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Franklin | 1,628 | $65,455 | $245,800 | $888 |
| Eastbrook | 742 | $69,018 | $300,700 | $823 |
| Waltham | 346 | $71,071 | $181,300 | $850 |
| Hancock | 2,518 | $72,285 | $276,800 | $1,171 |
| Sullivan | 1,246 | $59,643 | $222,000 | $883 |
| Lamoine | 1,782 | $88,542 | $324,800 | $1,174 |
| Sorrento | 345 | $83,438 | $298,800 | $1,696 |
| Ellsworth | 8,657 | $77,375 | $242,300 | $1,017 |
| Trenton | 1,599 | $60,455 | $357,400 | $1,102 |
More for people moving to Franklin
Franklin ZIP code ›Weather and climate ›Living in Franklin: FAQ
What is the median household income in Franklin, ME?
The median household income in Franklin is $65,455, 12% lower than the Maine median of $74,733 (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 $245,800, compared with $296,600 in Maine.
How much is rent in Franklin?
The median gross rent in Franklin is $888 per month, about 22.1% of household income.
Is Franklin, ME a good place to live?
Pluses: home values 17% lower than the state median. Minuses: median household income 12% lower than the Maine median; an average commute of 29 minutes; unemployment of 7.9%; a poverty rate of 15.7%.
What is the median age in Franklin?
The median age in Franklin is 46 years (Maine: 44.8).
How long is the commute in Franklin?
The average commute to work in Franklin is 29 minutes; 12.2% of workers work from home.
What is the unemployment rate in Franklin?
The unemployment rate in Franklin is 7.9% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Franklin?
28.5% 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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