Living in Franklin, Pennsylvania
Cost of living, income, home prices, rent and demographics of Franklin · Census data 2020–2024
Franklin has 2,364 residents with a median age of 46.9. The median household income is $57,250 (27% lower than the Pennsylvania median), the median home value is $124,400, the median rent is $731/month.
Franklin at a glance
- Population
- 2,364
- Median age
- 46.9State: 40.9
- Median household income
- $57,250State: $77,971
- Median home value
- $124,400State: $254,500
- Median rent
- $731/moState: $1,209
- Homeowners
- 84.5%
- Bachelor's degree or higher
- 23.4%
- Average commute
- 26 min
Is Franklin a good place to live?
Pros: Home values 51% lower than the state median; an average commute of 26 minutes; a poverty rate of 10.9%.
Cons: Median household income 27% lower than the Pennsylvania median; unemployment of 8.5%.
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 $124,400, 63% lower than the U.S. median. Renters pay a median of $731 per month, which is 31.4% of household income. Homeowners with a mortgage pay $1,215 a month in housing costs.
Franklin median household income
The median household income in Franklin is $57,250 and the income per person is $33,703. 10.9% of residents live below the poverty line (Pennsylvania: 11.7%).
Housing in Franklin: homes for sale and rent
- Housing units
- 1,193
- Owner-occupied
- 84.5%
- Renter-occupied
- 15.5%
- Vacant
- 12%Includes seasonal homes
- Median year built
- 1963
- Average household size
- 2.25
Franklin demographics
- Population
- 2,364
- Median age
- 46.9
- Under 18
- 23.7%
- 65 and older
- 23.3%
- Households
- 1,050
- Foreign-born
- 1.3%
- Veterans
- 8.6%Adults 18+
Hispanic or Latino can be of any race. Population history of Franklin ›
Education in Franklin
23.4% of adults 25 and older in Franklin have a bachelor's degree or higher (Pennsylvania: 35.2%), and 4.1% have a graduate or professional degree.
Jobs and commute in Franklin
- Unemployment rate
- 8.5%State: 5.3%
- Average commute
- 26 minState: 26 min
- Work from home
- 2.1%
- Drive alone
- 88.1%
- Public transit
- 0%
- Walk to work
- 2.6%
- Homes with broadband
- 79%
Franklin vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Franklin | 2,364 | $57,250 | $124,400 | $731 |
| Smock | 564 | $44,783 | $104,800 | — |
| Star Junction | 456 | $41,042 | $146,700 | $749 |
| Rowes Run | 449 | $64,083 | $63,000 | — |
| Vanderbilt | 353 | $56,364 | $102,900 | $850 |
| Dawson | 388 | $48,929 | $88,000 | $944 |
| Menallen | 4,048 | $64,013 | $161,200 | $675 |
| Perryopolis | 1,529 | $61,319 | $163,700 | $772 |
| Jefferson | 1,937 | $74,844 | $245,700 | $735 |
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 $57,250, 27% 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 $124,400, compared with $254,500 in Pennsylvania.
How much is rent in Franklin?
The median gross rent in Franklin is $731 per month, about 31.4% of household income.
Is Franklin, PA a good place to live?
Pluses: home values 51% lower than the state median; an average commute of 26 minutes; a poverty rate of 10.9%. Minuses: median household income 27% lower than the Pennsylvania median; unemployment of 8.5%.
What is the median age in Franklin?
The median age in Franklin is 46.9 years (Pennsylvania: 40.9).
How long is the commute in Franklin?
The average commute to work in Franklin is 26 minutes; 2.1% of workers work from home.
What is the unemployment rate in Franklin?
The unemployment rate in Franklin is 8.5% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Franklin?
23.4% 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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