Living in Franklin, Pennsylvania
Cost of living, income, home prices, rent and demographics of Franklin · Census data 2020–2024
Franklin has 2,072 residents with a median age of 45. The median household income is $51,167 (34% lower than the Pennsylvania median), the median home value is $183,100, the median rent is $943/month.
Franklin at a glance
- Population
- 2,072
- Median age
- 45State: 40.9
- Median household income
- $51,167State: $77,971
- Median home value
- $183,100State: $254,500
- Median rent
- $943/moState: $1,209
- Homeowners
- 76.3%
- Bachelor's degree or higher
- 11.1%
- Average commute
- 23 min
Is Franklin a good place to live?
Pros: Home values 28% lower than the state median; an average commute of 23 minutes; unemployment of 0.8%.
Cons: Median household income 34% lower than the Pennsylvania median; a poverty rate of 15.2%.
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 $943 per month, which is 25.4% of household income. Homeowners with a mortgage pay $1,272 a month in housing costs.
Franklin median household income
The median household income in Franklin is $51,167 and the income per person is $30,328. 15.2% of residents live below the poverty line (Pennsylvania: 11.7%).
Housing in Franklin: homes for sale and rent
- Housing units
- 951
- Owner-occupied
- 76.3%
- Renter-occupied
- 23.7%
- Vacant
- 2.8%Includes seasonal homes
- Median year built
- 1974
- Average household size
- 2.24
Franklin demographics
- Population
- 2,072
- Median age
- 45
- Under 18
- 19.2%
- 65 and older
- 21.5%
- Households
- 924
- Foreign-born
- 0%
- Veterans
- 5.1%Adults 18+
Hispanic or Latino can be of any race. Population history of Franklin ›
Education in Franklin
11.1% of adults 25 and older in Franklin have a bachelor's degree or higher (Pennsylvania: 35.2%), and 2.1% have a graduate or professional degree.
Jobs and commute in Franklin
- Unemployment rate
- 0.8%State: 5.3%
- Average commute
- 23 minState: 26 min
- Work from home
- 5.2%
- Drive alone
- 82%
- Public transit
- 0%
- Walk to work
- 2.9%
- Homes with broadband
- 73.2%
Franklin vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Franklin | 2,072 | $51,167 | $183,100 | $943 |
| Paxtonville | 218 | $65,417 | $215,500 | $1,063 |
| Middleburg | 1,181 | $58,523 | $163,700 | $798 |
| Center | 2,708 | $70,298 | $218,900 | $1,057 |
| Beaver | 525 | $68,672 | $250,900 | $1,080 |
| Mount Pleasant Mills | 503 | $61,364 | $215,700 | $779 |
| Kreamer | 491 | $57,065 | $243,800 | $784 |
| Penns Creek | 823 | $54,142 | $167,500 | $1,100 |
| Beavertown | 888 | $54,688 | $164,800 | $883 |
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 $51,167, 34% 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 $183,100, compared with $254,500 in Pennsylvania.
How much is rent in Franklin?
The median gross rent in Franklin is $943 per month, about 25.4% of household income.
Is Franklin, PA a good place to live?
Pluses: home values 28% lower than the state median; an average commute of 23 minutes; unemployment of 0.8%. Minuses: median household income 34% lower than the Pennsylvania median; a poverty rate of 15.2%.
What is the median age in Franklin?
The median age in Franklin is 45 years (Pennsylvania: 40.9).
How long is the commute in Franklin?
The average commute to work in Franklin is 23 minutes; 5.2% of workers work from home.
What is the unemployment rate in Franklin?
The unemployment rate in Franklin is 0.8% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Franklin?
11.1% 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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