Living in Franklin Town, Massachusetts
Cost of living, income, home prices, rent and demographics of Franklin Town · Census data 2020–2024
Franklin Town has 33,154 residents with a median age of 41.3. The median household income is $145,773 (40% higher than the Massachusetts median), the median home value is $611,700, the median rent is $1,899/month.
Franklin Town at a glance
- Population
- 33,154
- Median age
- 41.3State: 40
- Median household income
- $145,773State: $103,960
- Median home value
- $611,700State: $562,100
- Median rent
- $1,899/moState: $1,762
- Homeowners
- 78.2%
- Bachelor's degree or higher
- 58.1%
- Average commute
- 33 min
Is Franklin Town a good place to live?
Pros: Median household income 40% higher than the Massachusetts median; unemployment of 5.2%; a poverty rate of 5.9%.
Cons: Home values 9% higher than the state median; an average commute of 33 minutes.
The weather is best in June to September.
Cost of living in Franklin Town
Housing is the biggest part of the cost of living. In Franklin Town the median home value is $611,700, 84% higher than the U.S. median. Renters pay a median of $1,899 per month, which is 29.4% of household income. Homeowners with a mortgage pay $2,904 a month in housing costs.
Franklin Town median household income
The median household income in Franklin Town is $145,773 and the income per person is $65,125. 5.9% of residents live below the poverty line (Massachusetts: 10%).
Housing in Franklin Town: homes for sale and rent
- Housing units
- 13,011
- Owner-occupied
- 78.2%
- Renter-occupied
- 21.8%
- Vacant
- 4.9%Includes seasonal homes
- Median year built
- 1985
- Average household size
- 2.58
Franklin Town demographics
- Population
- 33,154
- Median age
- 41.3
- Under 18
- 21.1%
- 65 and older
- 14.7%
- Households
- 12,370
- Foreign-born
- 10.3%
- Veterans
- 2.8%Adults 18+
Hispanic or Latino can be of any race. Population history of Franklin Town ›
Education in Franklin Town
58.1% of adults 25 and older in Franklin Town have a bachelor's degree or higher (Massachusetts: 47.3%), and 24.3% have a graduate or professional degree.
Jobs and commute in Franklin Town
- Unemployment rate
- 5.2%State: 5.2%
- Average commute
- 33 minState: 29 min
- Work from home
- 22.1%
- Drive alone
- 67.7%
- Public transit
- 3%
- Walk to work
- 1.7%
- Homes with broadband
- 96.7%
Franklin Town vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Franklin Town | 33,154 | $145,773 | $611,700 | $1,899 |
| Bellingham | 17,410 | $125,307 | $450,700 | $1,836 |
| Wrentham | 12,297 | $151,676 | $654,900 | $1,184 |
| Norfolk | 11,673 | $200,720 | $725,200 | $2,019 |
| Medway | 13,436 | $173,750 | $617,300 | $1,575 |
| Plainville | 9,943 | $104,106 | $476,000 | $1,977 |
| Millis-Clicquot | 4,437 | $146,853 | $545,600 | $1,820 |
| Millis | 8,888 | $155,996 | $603,500 | $1,696 |
| Hopedale | 6,027 | $115,722 | $466,100 | $1,788 |
More for people moving to Franklin Town
Franklin Town ZIP code ›Weather and climate ›Living in Franklin Town: FAQ
What is the median household income in Franklin Town, MA?
The median household income in Franklin Town is $145,773, 40% higher than the Massachusetts median of $103,960 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Franklin Town?
The median home value in Franklin Town is $611,700, compared with $562,100 in Massachusetts.
How much is rent in Franklin Town?
The median gross rent in Franklin Town is $1,899 per month, about 29.4% of household income.
Is Franklin Town, MA a good place to live?
Pluses: median household income 40% higher than the Massachusetts median; unemployment of 5.2%; a poverty rate of 5.9%. Minuses: home values 9% higher than the state median; an average commute of 33 minutes.
What is the median age in Franklin Town?
The median age in Franklin Town is 41.3 years (Massachusetts: 40).
How long is the commute in Franklin Town?
The average commute to work in Franklin Town is 33 minutes; 22.1% of workers work from home.
What is the unemployment rate in Franklin Town?
The unemployment rate in Franklin Town is 5.2% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Franklin Town?
58.1% of adults in Franklin Town 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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