Living in Franklinton, North Carolina
Cost of living, income, home prices, rent and demographics of Franklinton · Census data 2020–2024
Franklinton has 2,645 residents with a median age of 38.4. The median household income is $59,464 (18% lower than the North Carolina median), the median home value is $249,100, the median rent is $963/month.
Franklinton at a glance
- Population
- 2,645
- Median age
- 38.4State: 39.1
- Median household income
- $59,464State: $72,388
- Median home value
- $249,100State: $288,900
- Median rent
- $963/moState: $1,228
- Homeowners
- 62.4%
- Bachelor's degree or higher
- 25.4%
- Average commute
- 33 min
Is Franklinton a good place to live?
Pros: Home values 14% lower than the state median.
Cons: Median household income 18% lower than the North Carolina median; an average commute of 33 minutes; unemployment of 9.6%; a poverty rate of 17.2%.
The weather is best in April–May and September–October.
Cost of living in Franklinton
Housing is the biggest part of the cost of living. In Franklinton the median home value is $249,100, 25% lower than the U.S. median. Renters pay a median of $963 per month, which is 49.3% of household income. Homeowners with a mortgage pay $1,822 a month in housing costs.
Franklinton median household income
The median household income in Franklinton is $59,464 and the income per person is $32,833. 17.2% of residents live below the poverty line (North Carolina: 13%).
Housing in Franklinton: homes for sale and rent
- Housing units
- 1,122
- Owner-occupied
- 62.4%
- Renter-occupied
- 37.6%
- Vacant
- 13.3%Includes seasonal homes
- Median year built
- 1959
- Average household size
- 2.72
Franklinton demographics
- Population
- 2,645
- Median age
- 38.4
- Under 18
- 26.5%
- 65 and older
- 13.8%
- Households
- 973
- Foreign-born
- 1.1%
- Veterans
- 4.6%Adults 18+
Hispanic or Latino can be of any race. Population history of Franklinton ›
Education in Franklinton
25.4% of adults 25 and older in Franklinton have a bachelor's degree or higher (North Carolina: 35.7%), and 11.9% have a graduate or professional degree.
Jobs and commute in Franklinton
- Unemployment rate
- 9.6%State: 4.7%
- Average commute
- 33 minState: 25 min
- Work from home
- 19.9%
- Drive alone
- 71.3%
- Public transit
- 0%
- Walk to work
- 1.6%
- Homes with broadband
- 86%
Franklinton vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Franklinton | 2,645 | $59,464 | $249,100 | $963 |
| Youngsville | 3,011 | $86,528 | $434,100 | $1,239 |
| Louisburg | 3,263 | $38,036 | $262,500 | $991 |
| Wake Forest | 52,844 | $123,802 | $474,500 | $1,596 |
| Rolesville | 10,766 | $149,565 | $535,000 | $1,085 |
| Creedmoor | 4,997 | $82,961 | $281,400 | $1,065 |
| South Henderson | 981 | $28,558 | — | $932 |
| Bunn | 466 | $68,289 | $256,300 | $1,067 |
| Henderson | 14,885 | $39,969 | $123,800 | $848 |
More for people moving to Franklinton
Franklinton ZIP code ›Weather and climate ›Living in Franklinton: FAQ
What is the median household income in Franklinton, NC?
The median household income in Franklinton is $59,464, 18% lower than the North Carolina median of $72,388 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Franklinton?
The median home value in Franklinton is $249,100, compared with $288,900 in North Carolina.
How much is rent in Franklinton?
The median gross rent in Franklinton is $963 per month, about 49.3% of household income.
Is Franklinton, NC a good place to live?
Pluses: home values 14% lower than the state median. Minuses: median household income 18% lower than the North Carolina median; an average commute of 33 minutes; unemployment of 9.6%; a poverty rate of 17.2%.
What is the median age in Franklinton?
The median age in Franklinton is 38.4 years (North Carolina: 39.1).
How long is the commute in Franklinton?
The average commute to work in Franklinton is 33 minutes; 19.9% of workers work from home.
What is the unemployment rate in Franklinton?
The unemployment rate in Franklinton is 9.6% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Franklinton?
25.4% of adults in Franklinton 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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