Living in Franklin, Pennsylvania
Cost of living, income, home prices, rent and demographics of Franklin · Census data 2020–2024
Franklin has 763 residents with a median age of 40.5. The median household income is $57,778 (26% lower than the Pennsylvania median), the median home value is $147,100, the median rent is $1,083/month.
Franklin is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Franklin at a glance
- Population
- 763
- Median age
- 40.5State: 40.9
- Median household income
- $57,778State: $77,971
- Median home value
- $147,100State: $254,500
- Median rent
- $1,083/moState: $1,209
- Homeowners
- 84.3%
- Bachelor's degree or higher
- 11.7%
- Average commute
- 27 min
Is Franklin a good place to live?
Pros: Home values 42% lower than the state median; a poverty rate of 11%.
Cons: Median household income 26% lower than the Pennsylvania median; an average commute of 27 minutes; unemployment of 9.4%.
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 $147,100, 56% lower than the U.S. median. Renters pay a median of $1,083 per month, which is 45% of household income. Homeowners with a mortgage pay $1,276 a month in housing costs.
Franklin median household income
The median household income in Franklin is $57,778 and the income per person is $29,134. 11% of residents live below the poverty line (Pennsylvania: 11.7%).
Housing in Franklin: homes for sale and rent
- Housing units
- 379
- Owner-occupied
- 84.3%
- Renter-occupied
- 15.7%
- Vacant
- 29.3%Includes seasonal homes
- Median year built
- 1975
- Average household size
- 2.85
Franklin demographics
- Population
- 763
- Median age
- 40.5
- Under 18
- 33.3%
- 65 and older
- 22.8%
- Households
- 268
- Foreign-born
- 1.6%
- Veterans
- 9.8%Adults 18+
Hispanic or Latino can be of any race. Population history of Franklin ›
Education in Franklin
11.7% of adults 25 and older in Franklin have a bachelor's degree or higher (Pennsylvania: 35.2%), and 5.7% have a graduate or professional degree.
Jobs and commute in Franklin
- Unemployment rate
- 9.4%State: 5.3%
- Average commute
- 27 minState: 26 min
- Work from home
- 3%
- Drive alone
- 80.6%
- Public transit
- 0.9%
- Walk to work
- 8.2%
- Homes with broadband
- 83.2%
Franklin vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Franklin | 763 | $57,778 | $147,100 | $1,083 |
| Overton | 253 | $58,750 | $200,000 | — |
| Monroe | 621 | $53,947 | $174,000 | $854 |
| Burlington | 188 | $60,682 | $217,900 | $925 |
| Granville | 942 | $76,250 | $197,900 | $1,058 |
| West Burlington | 662 | $66,250 | $210,900 | — |
| New Albany | 358 | $77,273 | — | $939 |
| Leroy | 642 | $59,766 | $227,900 | $1,000 |
| North Towanda | 983 | $28,906 | $172,700 | $571 |
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 $57,778, 26% lower 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 $147,100, compared with $254,500 in Pennsylvania.
How much is rent in Franklin?
The median gross rent in Franklin is $1,083 per month, about 45% of household income.
Is Franklin, PA a good place to live?
Pluses: home values 42% lower than the state median; a poverty rate of 11%. Minuses: median household income 26% lower than the Pennsylvania median; an average commute of 27 minutes; unemployment of 9.4%.
What is the median age in Franklin?
The median age in Franklin is 40.5 years (Pennsylvania: 40.9).
How long is the commute in Franklin?
The average commute to work in Franklin is 27 minutes; 3% of workers work from home.
What is the unemployment rate in Franklin?
The unemployment rate in Franklin is 9.4% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Franklin?
11.7% 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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