Living in Franklin, Ohio
Cost of living, income, home prices, rent and demographics of Franklin · Census data 2020–2024
Franklin has 11,712 residents with a median age of 35.2. The median household income is $58,587 (18% lower than the Ohio median), the median home value is $183,100, the median rent is $981/month.
Franklin at a glance
- Population
- 11,712
- Median age
- 35.2State: 39.7
- Median household income
- $58,587State: $71,389
- Median home value
- $183,100State: $214,800
- Median rent
- $981/moState: $1,034
- Homeowners
- 60.7%
- Bachelor's degree or higher
- 15.8%
- Average commute
- 23 min
Is Franklin a good place to live?
Pros: Home values 15% lower than the state median; an average commute of 23 minutes; unemployment of 4.6%.
Cons: Median household income 18% lower than the Ohio median; a poverty rate of 22.5%.
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 $183,100, 45% lower than the U.S. median. Renters pay a median of $981 per month, which is 29.5% of household income. Homeowners with a mortgage pay $1,331 a month in housing costs.
Franklin median household income
The median household income in Franklin is $58,587 and the income per person is $32,714. 22.5% of residents live below the poverty line (Ohio: 13.3%).
Housing in Franklin: homes for sale and rent
- Housing units
- 5,032
- Owner-occupied
- 60.7%
- Renter-occupied
- 39.3%
- Vacant
- 5.6%Includes seasonal homes
- Median year built
- 1967
- Average household size
- 2.45
Franklin demographics
- Population
- 11,712
- Median age
- 35.2
- Under 18
- 20.9%
- 65 and older
- 12.2%
- Households
- 4,749
- Foreign-born
- 3.8%
- Veterans
- 8.1%Adults 18+
Hispanic or Latino can be of any race. Population history of Franklin ›
Education in Franklin
15.8% of adults 25 and older in Franklin have a bachelor's degree or higher (Ohio: 31.5%), and 4.9% have a graduate or professional degree.
Jobs and commute in Franklin
- Unemployment rate
- 4.6%State: 4.8%
- Average commute
- 23 minState: 23 min
- Work from home
- 8.6%
- Drive alone
- 75.5%
- Public transit
- 0.5%
- Walk to work
- 0.4%
- Homes with broadband
- 92.4%
Franklin vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Franklin | 11,712 | $58,587 | $183,100 | $981 |
| Carlisle | 5,543 | $71,136 | $207,100 | $962 |
| Springboro | 19,980 | $119,659 | $357,800 | $1,203 |
| Hunter | 3,551 | $127,411 | $251,700 | — |
| Middletown | 51,617 | $57,102 | $164,400 | $1,007 |
| Miamisburg | 19,948 | $82,900 | $231,300 | $1,132 |
| Five Points | 2,031 | $144,293 | $515,300 | — |
| Germantown | 5,825 | $90,125 | $205,900 | $1,004 |
| Monroe | 15,401 | $105,250 | $282,400 | $1,608 |
More for people moving to Franklin
Franklin ZIP code ›Weather and climate ›Living in Franklin: FAQ
What is the median household income in Franklin, OH?
The median household income in Franklin is $58,587, 18% lower than the Ohio median of $71,389 (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 $183,100, compared with $214,800 in Ohio.
How much is rent in Franklin?
The median gross rent in Franklin is $981 per month, about 29.5% of household income.
Is Franklin, OH a good place to live?
Pluses: home values 15% lower than the state median; an average commute of 23 minutes; unemployment of 4.6%. Minuses: median household income 18% lower than the Ohio median; a poverty rate of 22.5%.
What is the median age in Franklin?
The median age in Franklin is 35.2 years (Ohio: 39.7).
How long is the commute in Franklin?
The average commute to work in Franklin is 23 minutes; 8.6% of workers work from home.
What is the unemployment rate in Franklin?
The unemployment rate in Franklin is 4.6% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Franklin?
15.8% 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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