Living in Franklin, Wisconsin
Cost of living, income, home prices, rent and demographics of Franklin · Census data 2020–2024
Franklin has 35,886 residents with a median age of 43. The median household income is $106,894 (38% higher than the Wisconsin median), the median home value is $364,200, the median rent is $1,458/month.
Franklin at a glance
- Population
- 35,886
- Median age
- 43State: 40.2
- Median household income
- $106,894State: $77,485
- Median home value
- $364,200State: $266,500
- Median rent
- $1,458/moState: $1,087
- Homeowners
- 77.3%
- Bachelor's degree or higher
- 44.3%
- Average commute
- 23 min
Is Franklin a good place to live?
Pros: Median household income 38% higher than the Wisconsin median; a poverty rate of 6.7%.
Cons: Home values 37% higher than the state median; an average commute of 23 minutes; unemployment of 3.4%.
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 $364,200, 9% higher than the U.S. median. Renters pay a median of $1,458 per month, which is 32% of household income. Homeowners with a mortgage pay $2,218 a month in housing costs.
Franklin median household income
The median household income in Franklin is $106,894 and the income per person is $52,190. 6.7% of residents live below the poverty line (Wisconsin: 10.6%).
Housing in Franklin: homes for sale and rent
- Housing units
- 14,540
- Owner-occupied
- 77.3%
- Renter-occupied
- 22.7%
- Vacant
- 2.8%Includes seasonal homes
- Median year built
- 1990
- Average household size
- 2.49
Franklin demographics
- Population
- 35,886
- Median age
- 43
- Under 18
- 22.3%
- 65 and older
- 19.6%
- Households
- 14,138
- Foreign-born
- 8.6%
- Veterans
- 6%Adults 18+
Hispanic or Latino can be of any race. Population history of Franklin ›
Education in Franklin
44.3% of adults 25 and older in Franklin have a bachelor's degree or higher (Wisconsin: 33.4%), and 15.1% have a graduate or professional degree.
Jobs and commute in Franklin
- Unemployment rate
- 3.4%State: 3.2%
- Average commute
- 23 minState: 22 min
- Work from home
- 16%
- Drive alone
- 74.4%
- Public transit
- 0.1%
- Walk to work
- 0.9%
- Homes with broadband
- 90.6%
Franklin vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Franklin | 35,886 | $106,894 | $364,200 | $1,458 |
| Greendale | 14,594 | $94,769 | $314,200 | $1,252 |
| Hales Corners | 7,689 | $87,740 | $309,800 | $1,335 |
| Greenfield | 37,345 | $70,459 | $261,100 | $1,170 |
| Oak Creek | 37,325 | $96,555 | $331,700 | $1,452 |
| Raymond | 3,945 | $109,464 | $389,700 | — |
| Muskego | 25,406 | $112,221 | $417,400 | $1,313 |
| South Milwaukee | 20,442 | $73,427 | $235,700 | $1,014 |
| Wind Lake | 4,836 | $102,855 | $386,100 | $1,169 |
More for people moving to Franklin
Franklin ZIP code ›Weather and climate ›Living in Franklin: FAQ
What is the median household income in Franklin, WI?
The median household income in Franklin is $106,894, 38% higher than the Wisconsin median of $77,485 (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 $364,200, compared with $266,500 in Wisconsin.
How much is rent in Franklin?
The median gross rent in Franklin is $1,458 per month, about 32% of household income.
Is Franklin, WI a good place to live?
Pluses: median household income 38% higher than the Wisconsin median; a poverty rate of 6.7%. Minuses: home values 37% higher than the state median; an average commute of 23 minutes; unemployment of 3.4%.
What is the median age in Franklin?
The median age in Franklin is 43 years (Wisconsin: 40.2).
How long is the commute in Franklin?
The average commute to work in Franklin is 23 minutes; 16% of workers work from home.
What is the unemployment rate in Franklin?
The unemployment rate in Franklin is 3.4% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Franklin?
44.3% 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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