Living in Franklin, Pennsylvania
Cost of living, income, home prices, rent and demographics of Franklin · Census data 2020–2024
Franklin has 1,744 residents with a median age of 46.5. The median household income is $85,824 (10% higher than the Pennsylvania median), the median home value is $226,600, the median rent is $1,500/month.
Franklin at a glance
- Population
- 1,744
- Median age
- 46.5State: 40.9
- Median household income
- $85,824State: $77,971
- Median home value
- $226,600State: $254,500
- Median rent
- $1,500/moState: $1,209
- Homeowners
- 91.9%
- Bachelor's degree or higher
- 26.7%
- Average commute
- 32 min
Is Franklin a good place to live?
Pros: Median household income 10% higher than the Pennsylvania median; home values 11% lower than the state median.
Cons: An average commute of 32 minutes; unemployment of 7.2%; a poverty rate of 12.1%.
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 $226,600, 32% lower than the U.S. median. Renters pay a median of $1,500 per month, which is 24.2% of household income. Homeowners with a mortgage pay $1,813 a month in housing costs.
Franklin median household income
The median household income in Franklin is $85,824 and the income per person is $43,113. 12.1% of residents live below the poverty line (Pennsylvania: 11.7%).
Housing in Franklin: homes for sale and rent
- Housing units
- 769
- Owner-occupied
- 91.9%
- Renter-occupied
- 8.1%
- Vacant
- 8.6%Includes seasonal homes
- Median year built
- 1982
- Average household size
- 2.48
Franklin demographics
- Population
- 1,744
- Median age
- 46.5
- Under 18
- 19.7%
- 65 and older
- 21.7%
- Households
- 703
- Foreign-born
- 1.1%
- Veterans
- 7.2%Adults 18+
Hispanic or Latino can be of any race. Population history of Franklin ›
Education in Franklin
26.7% of adults 25 and older in Franklin have a bachelor's degree or higher (Pennsylvania: 35.2%), and 9.4% have a graduate or professional degree.
Jobs and commute in Franklin
- Unemployment rate
- 7.2%State: 5.3%
- Average commute
- 32 minState: 26 min
- Work from home
- 10.8%
- Drive alone
- 75.5%
- Public transit
- 0%
- Walk to work
- 2.1%
- Homes with broadband
- 91.6%
Franklin vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Franklin | 1,744 | $85,824 | $226,600 | $1,500 |
| Upper Exeter | 1,004 | $85,552 | $221,700 | — |
| Exeter | 726 | $68,269 | $188,900 | $1,021 |
| Northmoreland | 1,432 | $82,344 | $236,300 | $971 |
| West Wyoming | 2,662 | $66,382 | $172,300 | $1,051 |
| West Falls | 379 | $59,286 | $145,800 | $1,049 |
| Shavertown | 2,137 | $75,781 | $219,100 | $1,091 |
| Dallas | 2,692 | $91,050 | $257,800 | $1,097 |
| Exeter | 5,541 | $57,639 | $146,800 | $981 |
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 $85,824, 10% 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 $226,600, compared with $254,500 in Pennsylvania.
How much is rent in Franklin?
The median gross rent in Franklin is $1,500 per month, about 24.2% of household income.
Is Franklin, PA a good place to live?
Pluses: median household income 10% higher than the Pennsylvania median; home values 11% lower than the state median. Minuses: an average commute of 32 minutes; unemployment of 7.2%; a poverty rate of 12.1%.
What is the median age in Franklin?
The median age in Franklin is 46.5 years (Pennsylvania: 40.9).
How long is the commute in Franklin?
The average commute to work in Franklin is 32 minutes; 10.8% of workers work from home.
What is the unemployment rate in Franklin?
The unemployment rate in Franklin is 7.2% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Franklin?
26.7% 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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