Living in Franklin, Texas
Cost of living, income, home prices, rent and demographics of Franklin · Census data 2020–2024
Franklin has 1,530 residents with a median age of 35.1. The median household income is $54,265 (31% lower than the Texas median), the median home value is $168,800, the median rent is $889/month.
Franklin at a glance
- Population
- 1,530
- Median age
- 35.1State: 35.6
- Median household income
- $54,265State: $78,476
- Median home value
- $168,800State: $283,800
- Median rent
- $889/moState: $1,403
- Homeowners
- 45.1%
- Bachelor's degree or higher
- 21.5%
- Average commute
- 24 min
Is Franklin a good place to live?
Pros: Home values 41% lower than the state median; an average commute of 24 minutes.
Cons: Median household income 31% lower than the Texas median; unemployment of 6.7%; a poverty rate of 24.6%.
The weather is best in March–April and October–November.
Cost of living in Franklin
Housing is the biggest part of the cost of living. In Franklin the median home value is $168,800, 49% lower than the U.S. median. Renters pay a median of $889 per month, which is 22.3% of household income. Homeowners with a mortgage pay $1,198 a month in housing costs.
Franklin median household income
The median household income in Franklin is $54,265 and the income per person is $25,373. 24.6% of residents live below the poverty line (Texas: 13.8%).
Housing in Franklin: homes for sale and rent
- Housing units
- 689
- Owner-occupied
- 45.1%
- Renter-occupied
- 54.9%
- Vacant
- 20.5%Includes seasonal homes
- Median year built
- 1984
- Average household size
- 2.55
Franklin demographics
- Population
- 1,530
- Median age
- 35.1
- Under 18
- 26.5%
- 65 and older
- 15.2%
- Households
- 548
- Foreign-born
- 1%
- Veterans
- 4.2%Adults 18+
Hispanic or Latino can be of any race. Population history of Franklin ›
Education in Franklin
21.5% of adults 25 and older in Franklin have a bachelor's degree or higher (Texas: 33.8%), and 4.1% have a graduate or professional degree.
Jobs and commute in Franklin
- Unemployment rate
- 6.7%State: 5.3%
- Average commute
- 24 minState: 27 min
- Work from home
- 4%
- Drive alone
- 80.5%
- Public transit
- 0%
- Walk to work
- 0.5%
- Homes with broadband
- 81.4%
Franklin vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Franklin | 1,530 | $54,265 | $168,800 | $889 |
| Calvert | 760 | $51,000 | $116,700 | $833 |
| Hearne | 4,555 | $37,372 | $83,200 | $641 |
| Bremond | 855 | $71,667 | $130,000 | $917 |
| Marquez | 198 | $84,375 | — | — |
| Kurten | 555 | $62,375 | $190,600 | — |
| Wixon Valley | 200 | $116,875 | $275,000 | — |
| Kosse | 430 | $61,250 | $108,500 | $1,188 |
| Lake Bryan | 2,165 | $77,419 | $267,100 | — |
More for people moving to Franklin
Franklin ZIP code ›Weather and climate ›Living in Franklin: FAQ
What is the median household income in Franklin, TX?
The median household income in Franklin is $54,265, 31% lower than the Texas median of $78,476 (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 $168,800, compared with $283,800 in Texas.
How much is rent in Franklin?
The median gross rent in Franklin is $889 per month, about 22.3% of household income.
Is Franklin, TX a good place to live?
Pluses: home values 41% lower than the state median; an average commute of 24 minutes. Minuses: median household income 31% lower than the Texas median; unemployment of 6.7%; a poverty rate of 24.6%.
What is the median age in Franklin?
The median age in Franklin is 35.1 years (Texas: 35.6).
How long is the commute in Franklin?
The average commute to work in Franklin is 24 minutes; 4% of workers work from home.
What is the unemployment rate in Franklin?
The unemployment rate in Franklin is 6.7% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Franklin?
21.5% 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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