Living in Franklin, Nebraska
Cost of living, income, home prices, rent and demographics of Franklin · Census data 2020–2024
Franklin has 946 residents with a median age of 48. The median household income is $53,375 (30% lower than the Nebraska median), the median home value is $89,200, the median rent is $791/month.
Franklin is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Franklin at a glance
- Population
- 946
- Median age
- 48State: 37.2
- Median household income
- $53,375State: $76,475
- Median home value
- $89,200State: $238,600
- Median rent
- $791/moState: $1,072
- Homeowners
- 82.9%
- Bachelor's degree or higher
- 18.7%
- Average commute
- 18 min
Is Franklin a good place to live?
Pros: Home values 63% lower than the state median; an average commute of 18 minutes; unemployment of 1.9%.
Cons: Median household income 30% lower than the Nebraska median; a poverty rate of 14.6%.
The weather is best in May–June and August–September.
Cost of living in Franklin
Housing is the biggest part of the cost of living. In Franklin the median home value is $89,200, 73% lower than the U.S. median. Renters pay a median of $791 per month, which is 31.9% of household income. Homeowners with a mortgage pay $1,007 a month in housing costs.
Franklin median household income
The median household income in Franklin is $53,375 and the income per person is $34,560. 14.6% of residents live below the poverty line (Nebraska: 10.6%).
Housing in Franklin: homes for sale and rent
- Housing units
- 532
- Owner-occupied
- 82.9%
- Renter-occupied
- 17.1%
- Vacant
- 15.6%Includes seasonal homes
- Median year built
- 1944
- Average household size
- 2.04
Franklin demographics
- Population
- 946
- Median age
- 48
- Under 18
- 20.2%
- 65 and older
- 31.7%
- Households
- 449
- Foreign-born
- 2.2%
- Veterans
- 7.2%Adults 18+
Hispanic or Latino can be of any race. Population history of Franklin ›
Education in Franklin
18.7% of adults 25 and older in Franklin have a bachelor's degree or higher (Nebraska: 34.6%), and 6.6% have a graduate or professional degree.
Jobs and commute in Franklin
- Unemployment rate
- 1.9%State: 3%
- Average commute
- 18 minState: 19 min
- Work from home
- 3.2%
- Drive alone
- 91.4%
- Public transit
- 0%
- Walk to work
- 1.5%
- Homes with broadband
- 76.6%
Franklin vs nearby towns
More for people moving to Franklin
Franklin ZIP code ›Weather and climate ›Living in Franklin: FAQ
What is the median household income in Franklin, NE?
The median household income in Franklin is $53,375, 30% lower than the Nebraska median of $76,475 (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 $89,200, compared with $238,600 in Nebraska.
How much is rent in Franklin?
The median gross rent in Franklin is $791 per month, about 31.9% of household income.
Is Franklin, NE a good place to live?
Pluses: home values 63% lower than the state median; an average commute of 18 minutes; unemployment of 1.9%. Minuses: median household income 30% lower than the Nebraska median; a poverty rate of 14.6%.
What is the median age in Franklin?
The median age in Franklin is 48 years (Nebraska: 37.2).
How long is the commute in Franklin?
The average commute to work in Franklin is 18 minutes; 3.2% of workers work from home.
What is the unemployment rate in Franklin?
The unemployment rate in Franklin is 1.9% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Franklin?
18.7% 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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