In 2023, Franklin, IL had a population of 554 people with a median age of 36.3 and a median household income of $66,250. Between 2022 and 2023 the population of Franklin, IL declined from 628 to 554, a −11.8% decrease and its median household income grew from $62,813 to $66,250, a 5.47% increase.
The 5 largest ethnic groups in Franklin, IL are White (Non-Hispanic) (97.8%), Asian (Hispanic) (0.903%), Two+ (Non-Hispanic) (0.722%), Two+ (Hispanic) (0.542%), and White (Hispanic) (0%).
None of the households in Franklin, IL reported speaking a non-English language at home as their primary shared language. This does not consider the potential multi-lingual nature of households, but only the primary self-reported language spoken by all members of the household.
100% of the residents in Franklin, IL are U.S. citizens.
In 2023, the median property value in Franklin, IL was $103,300, and the homeownership rate was 68.8%.
Most people in Franklin, IL drove alone to work, and the average commute time was 26.9 minutes. The average car ownership in Franklin, IL was 2 cars per household.