Living in Franklin, Maryland
Cost of living, income, home prices, rent and demographics of Franklin · Census data 2020–2024
Franklin has 373 residents with a median age of 55.8. The median household income is $26,193 (75% lower than the Maryland median), the median home value is $65,500, the median rent is $507/month.
Franklin is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Franklin at a glance
- Population
- 373
- Median age
- 55.8State: 39.4
- Median household income
- $26,193State: $103,678
- Median home value
- $65,500State: $419,900
- Median rent
- $507/moState: $1,705
- Homeowners
- 28.2%
- Bachelor's degree or higher
- 4.4%
Is Franklin a good place to live?
Pros: Home values 84% lower than the state median.
Cons: Median household income 75% lower than the Maryland median; a poverty rate of 50.3%.
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 $65,500, 80% lower than the U.S. median. Renters pay a median of $507 per month, which is 19.7% of household income. Homeowners with a mortgage pay — a month in housing costs.
Franklin median household income
The median household income in Franklin is $26,193 and the income per person is $15,182. 50.3% of residents live below the poverty line (Maryland: 9.4%).
Housing in Franklin: homes for sale and rent
- Housing units
- 174
- Owner-occupied
- 28.2%
- Renter-occupied
- 71.8%
- Vacant
- 0%Includes seasonal homes
- Median year built
- 1938
- Average household size
- 1.76
Franklin demographics
- Population
- 373
- Median age
- 55.8
- Under 18
- 20.6%
- 65 and older
- 23.3%
- Households
- 174
- Foreign-born
- 0%
- Veterans
- 3%Adults 18+
Hispanic or Latino can be of any race. Population history of Franklin ›
Education in Franklin
4.4% of adults 25 and older in Franklin have a bachelor's degree or higher (Maryland: 43.4%), and 2.9% have a graduate or professional degree.
Jobs and commute in Franklin
- Unemployment rate
- 0%State: 4.9%
- Average commute
- —State: 31 min
- Work from home
- 20.2%
- Drive alone
- 79.8%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 67.8%
Franklin vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Franklin | 373 | $26,193 | $65,500 | $507 |
| Westernport | 1,588 | $47,688 | $86,300 | $822 |
| Piedmont | 735 | $42,375 | $46,700 | $478 |
| Bloomington | 150 | $59,063 | $98,100 | — |
| Barton | 663 | $50,972 | $89,800 | $863 |
| Detmold | 116 | $53,423 | — | — |
| McCoole | 373 | $67,788 | $133,300 | — |
| Keyser | 4,857 | $46,955 | $143,000 | $648 |
| Dawson | 180 | $76,371 | $319,400 | — |
More for people moving to Franklin
Franklin ZIP code ›Weather and climate ›Living in Franklin: FAQ
What is the median household income in Franklin, MD?
The median household income in Franklin is $26,193, 75% lower than the Maryland median of $103,678 (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 $65,500, compared with $419,900 in Maryland.
How much is rent in Franklin?
The median gross rent in Franklin is $507 per month, about 19.7% of household income.
Is Franklin, MD a good place to live?
Pluses: home values 84% lower than the state median. Minuses: median household income 75% lower than the Maryland median; a poverty rate of 50.3%.
What is the median age in Franklin?
The median age in Franklin is 55.8 years (Maryland: 39.4).
What is the unemployment rate in Franklin?
The unemployment rate in Franklin is 0% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Franklin?
4.4% 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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