Living in Franklin, Pennsylvania
Cost of living, income, home prices, rent and demographics of Franklin · Census data 2020–2024
Franklin has 3,843 residents with a median age of 51.9. The median household income is $82,917 (6% higher than the Pennsylvania median), the median home value is $226,500, the median rent is $948/month.
Franklin at a glance
- Population
- 3,843
- Median age
- 51.9State: 40.9
- Median household income
- $82,917State: $77,971
- Median home value
- $226,500State: $254,500
- Median rent
- $948/moState: $1,209
- Homeowners
- 86.8%
- Bachelor's degree or higher
- 30.5%
- Average commute
- 27 min
Is Franklin a good place to live?
Pros: Median household income 6% higher than the Pennsylvania median; home values 11% lower than the state median; a poverty rate of 3.1%.
Cons: An average commute of 27 minutes; unemployment of 8.6%.
The weather is best in June to September.
Cost of living in Franklin
Housing is the biggest part of the cost of living. In Franklin the median home value is $226,500, 32% lower than the U.S. median. Renters pay a median of $948 per month, which is 19% of household income. Homeowners with a mortgage pay $1,577 a month in housing costs.
Franklin median household income
The median household income in Franklin is $82,917 and the income per person is $52,912. 3.1% of residents live below the poverty line (Pennsylvania: 11.7%).
Housing in Franklin: homes for sale and rent
- Housing units
- 1,682
- Owner-occupied
- 86.8%
- Renter-occupied
- 13.2%
- Vacant
- 4.6%Includes seasonal homes
- Median year built
- 1972
- Average household size
- 2.38
Franklin demographics
- Population
- 3,843
- Median age
- 51.9
- Under 18
- 16.9%
- 65 and older
- 18.9%
- Households
- 1,604
- Foreign-born
- 0%
- Veterans
- 7.2%Adults 18+
Hispanic or Latino can be of any race. Population history of Franklin ›
Education in Franklin
30.5% of adults 25 and older in Franklin have a bachelor's degree or higher (Pennsylvania: 35.2%), and 10% have a graduate or professional degree.
Jobs and commute in Franklin
- Unemployment rate
- 8.6%State: 5.3%
- Average commute
- 27 minState: 26 min
- Work from home
- 12.3%
- Drive alone
- 76.5%
- Public transit
- 0%
- Walk to work
- 0.4%
- Homes with broadband
- 92.3%
Franklin vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Franklin | 3,843 | $82,917 | $226,500 | $948 |
| Marion | 697 | $76,607 | $308,600 | $1,131 |
| Wurtemburg | 740 | $66,875 | $194,000 | $1,068 |
| North Sewickley | 5,456 | $76,663 | $204,000 | $1,044 |
| Frisco | 1,134 | $78,214 | $202,100 | $933 |
| Ellport | 1,127 | $74,625 | $165,100 | $853 |
| Zelienople | 3,827 | $68,110 | $294,200 | $1,057 |
| Harmony | 1,232 | $84,844 | $280,100 | $952 |
| Perry | 1,686 | $86,576 | $204,800 | $1,040 |
More for people moving to Franklin
Franklin ZIP code ›Weather and climate ›Living in Franklin: FAQ
What is the median household income in Franklin, PA?
The median household income in Franklin is $82,917, 6% higher than the Pennsylvania median of $77,971 (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 $226,500, compared with $254,500 in Pennsylvania.
How much is rent in Franklin?
The median gross rent in Franklin is $948 per month, about 19% of household income.
Is Franklin, PA a good place to live?
Pluses: median household income 6% higher than the Pennsylvania median; home values 11% lower than the state median; a poverty rate of 3.1%. Minuses: an average commute of 27 minutes; unemployment of 8.6%.
What is the median age in Franklin?
The median age in Franklin is 51.9 years (Pennsylvania: 40.9).
How long is the commute in Franklin?
The average commute to work in Franklin is 27 minutes; 12.3% of workers work from home.
What is the unemployment rate in Franklin?
The unemployment rate in Franklin is 8.6% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Franklin?
30.5% 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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