Living in Franklin, Pennsylvania
Cost of living, income, home prices, rent and demographics of Franklin · Census data 2020–2024
Franklin has 5,984 residents with a median age of 44.4. The median household income is $47,117 (40% lower than the Pennsylvania median), the median home value is $116,900, the median rent is $731/month.
Franklin at a glance
- Population
- 5,984
- Median age
- 44.4State: 40.9
- Median household income
- $47,117State: $77,971
- Median home value
- $116,900State: $254,500
- Median rent
- $731/moState: $1,209
- Homeowners
- 47.5%
- Bachelor's degree or higher
- 22.7%
- Average commute
- 16 min
Is Franklin a good place to live?
Pros: Home values 54% lower than the state median; an average commute of 16 minutes.
Cons: Median household income 40% lower than the Pennsylvania median; unemployment of 8.5%; a poverty rate of 17.3%.
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 $116,900, 65% lower than the U.S. median. Renters pay a median of $731 per month, which is 27.6% of household income. Homeowners with a mortgage pay $1,057 a month in housing costs.
Franklin median household income
The median household income in Franklin is $47,117 and the income per person is $30,244. 17.3% of residents live below the poverty line (Pennsylvania: 11.7%).
Housing in Franklin: homes for sale and rent
- Housing units
- 3,021
- Owner-occupied
- 47.5%
- Renter-occupied
- 52.5%
- Vacant
- 13.2%Includes seasonal homes
- Median year built
- 1938
- Average household size
- 2.18
Franklin demographics
- Population
- 5,984
- Median age
- 44.4
- Under 18
- 17.4%
- 65 and older
- 23.5%
- Households
- 2,622
- Foreign-born
- 0.4%
- Veterans
- 6.7%Adults 18+
Hispanic or Latino can be of any race. Population history of Franklin ›
Education in Franklin
22.7% of adults 25 and older in Franklin have a bachelor's degree or higher (Pennsylvania: 35.2%), and 9.3% have a graduate or professional degree.
Jobs and commute in Franklin
- Unemployment rate
- 8.5%State: 5.3%
- Average commute
- 16 minState: 26 min
- Work from home
- 15.5%
- Drive alone
- 64.8%
- Public transit
- 0.7%
- Walk to work
- 8.8%
- Homes with broadband
- 91%
Franklin vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Franklin | 5,984 | $47,117 | $116,900 | $731 |
| Sandycreek | 2,188 | $87,794 | $177,800 | $858 |
| Sugarcreek | 4,716 | $63,987 | $108,200 | $802 |
| Polk | 615 | $36,786 | $101,400 | $685 |
| Victory | 411 | $73,000 | $153,600 | $1,344 |
| Frenchcreek | 1,359 | $69,044 | $154,100 | $937 |
| Seneca | 1,439 | $63,031 | $158,800 | $690 |
| Woodland Heights | 1,585 | $40,200 | $81,400 | $821 |
| Oil City | 9,468 | $51,316 | $74,100 | $821 |
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 $47,117, 40% 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 $116,900, compared with $254,500 in Pennsylvania.
How much is rent in Franklin?
The median gross rent in Franklin is $731 per month, about 27.6% of household income.
Is Franklin, PA a good place to live?
Pluses: home values 54% lower than the state median; an average commute of 16 minutes. Minuses: median household income 40% lower than the Pennsylvania median; unemployment of 8.5%; a poverty rate of 17.3%.
What is the median age in Franklin?
The median age in Franklin is 44.4 years (Pennsylvania: 40.9).
How long is the commute in Franklin?
The average commute to work in Franklin is 16 minutes; 15.5% 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?
22.7% 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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