In 2023, Franklin, MI had a population of 2.61k people with a median age of 49.6 and a median household income of $176,571. Between 2022 and 2023 the population of Franklin, MI declined from 2,653 to 2,610, a −1.62% decrease and its median household income declined from $178,167 to $176,571, a −0.896% decrease.
The 5 largest ethnic groups in Franklin, MI are White (Non-Hispanic) (71.4%), Black or African American (Non-Hispanic) (13.1%), Asian (Non-Hispanic) (4.6%), Two+ (Hispanic) (4.25%), and Two+ (Non-Hispanic) (4.06%).
None of the households in Franklin, MI 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.
98.1% of the residents in Franklin, MI are U.S. citizens.
In 2023, the median property value in Franklin, MI was $696,700, and the homeownership rate was 94.9%.
Most people in Franklin, MI drove alone to work, and the average commute time was 23.8 minutes. The average car ownership in Franklin, MI was 2 cars per household.