Franklin, MI

Census Place

2024 Population

2,554

US Senator

Gary Peters

Democratic Party

US Senator

Elissa Slotkin

Democratic Party

2024 Median Age

49.5

0.202% 1-year decrease

2024 Poverty Rate

2.78%

23% 1-year increase

2024 Median Household Income

$194,079

9.92% 1-year growth

2024 Median Property Value

$774,900

Population & Diversity

Franklin, MI is home to a population of 2.55k people, from which 96.2% are citizens.

As of 2024, 11.3% of Franklin, MI residents were born outside of the country (288 people).

In 2024, there were 9.46 times more White (Non-Hispanic) residents (2k people) in Franklin, MI than any other race or ethnicity. There were 211 Black or African American (Non-Hispanic) and 142 Two Races Including Other (Hispanic) residents, the second and third most common ethnic groups.

Population & Diversity

Citizenship

96.2%

2024 Citizenship

98.1%

2023 Citizenship

As of 2024, 96.2% of Franklin, MI residents were US citizens, which is higher than the national average of 93.2%. In 2023, the percentage of US citizens in Franklin, MI was 98.1%, meaning that the rate of citizenship has been decreasing.

The following chart shows US citizenship percentages in Franklin, MI compared to that of it's neighboring and parent geographies.

Diversity

Race and Ethnicity

The 3 largest ethnic groups in Franklin, MI

White (Non-Hispanic)
2k ± 391
Black or African American (Non-Hispanic)
211 ± 106
Two Races Including Other (Hispanic)
142 ± 78

7.17%

Hispanic Population

183 people

7.17% of the people in Franklin, MI are hispanic (183 people).

The following chart shows the 8 races represented in Franklin, MI as a share of the total population.

Global Diversity

The PUMS dataset is not available at the Place level, so we are showing data for Michigan.

Most Common Origin

Mexico
83,098 ± 7,048 people
India
80,532 ± 6,939 people
Iraq
55,181 ± 5,751 people

In 2024, the most common birthplace for the foreign-born residents of Michigan was Mexico, the natal country of 83,098 Michigan residents, followed by India with 80,532 and Iraq with 55,181.

Foreign-Born Population

11.3%

2024 Foreign-Born Population

288 people

2023 Foreign-Born Population

235 people

As of 2024, 11.3% of Franklin, MI residents (288 people) were born outside of the United States, which is approximately the same as the national average of 14%. In 2023, the percentage of foreign-born citizens in Franklin, MI was 9%, meaning that the rate has been increasing.

The following chart shows the percentage of foreign-born residents in Franklin, MI compared to that of it's neighboring and parent geographies.

Military

Veterans

Most Common Service Period

Gulf War (1990s)
12 ± 12
Vietnam
5 ± 17
Gulf War (2001-)
1 ± 16

Franklin, MI has a large population of military personnel who served in Gulf War (1990s), 2.4 times greater than any other conflict.

The chart shows the distribution of veterans by conflict in Franklin, MI.

Economy

The economy of Franklin, MI employs 1.24k people. In 2024, the largest industries in Franklin, MI were Health Care & Social Assistance (270 people), Professional, Scientific, & Technical Services (237 people), and Manufacturing (186 people), and the highest paying industries were Real Estate & Rental & Leasing ($250,001), Wholesale Trade ($183,214), and Professional, Scientific, & Technical Services ($181,103).

Employment

Occupations

1.24k

2024 Value

± 160

−5.55%

1 Year decline

± 19.2%

From 2023 to 2024, employment in Franklin, MI declined at a rate of −5.55%, from 1.32k employees to 1.24k employees.

The most common job groups, by number of people living in Franklin, MI, are Health Diagnosing & Treating Practitioners & Other Technical Occupations (196 people), Management Occupations (193 people), and Sales & Related Occupations (140 people). This chart illustrates the share breakdown of the primary jobs held by residents of Franklin, MI.

Unemployment Insurance Claims

Data is only available at the state level. Showing data for Michigan.

This chart shows weekly unemployment insurance claims in Michigan (not-seasonally adjusted) compared with the four states with the most similar impact.

The most recent data point uses Advance State Claims data, which can be revised in subsequent weeks.

Industries

Employment by Industries

1.24k

2024 Value

± 160

−5.55%

1 Year decline

± 19.2%

From 2023 to 2024, employment in Franklin, MI declined at a rate of −5.55%, from 1.32k employees to 1.24k employees.

The most common employment sectors for those who live in Franklin, MI, are Health Care & Social Assistance (270 people), Professional, Scientific, & Technical Services (237 people), and Manufacturing (186 people). This chart shows the share breakdown of the primary industries for residents of Franklin, MI, though some of these residents may live in Franklin, MI and work somewhere else. Census data is tagged to a residential address, not a work address.

Median Earnings by Industry

$153,173

Median earning men ± $25,434

$79,018

Median earning women ± $16,174

The industries with the best median earnings for men in 2024 are Finance & Insurance, & Real Estate & Rental & Leasing ($250,001), Educational Services, & Health Care & Social Assistance ($198,854), and Wholesale Trade ($183,214).

The industries with the best median earnings for women in 2024 are Manufacturing ($129,688), Finance & Insurance, & Real Estate & Rental & Leasing ($96,500), and Professional, Scientific, & Management, & Administrative & Waste Management Services ($91,250).

Housing & Living

The median property value in Franklin, MI was $774,900 in 2024, which is 2.33 times larger than the national average of $332,700. Between 2023 and 2024 the median property value increased from $696,700 to $774,900, a 11.2% increase. The homeownership rate in Franklin, MI is 98.2%, which is higher than the national average of 65.2%.

People in Franklin, MI have an average commute time of 25.5 minutes, and they drove alone to work. Car ownership in Franklin, MI is approximately the same as the national average, with an average of 2 cars per household.

Housing

Property

$774,900

Median Property Value 2024

±$70,276

$1,013

Median Property Taxes

±$168

The following chart display owner-occupied housing units distributed between a series of property tax buckets compared to the national averages for each bucket. In Franklin, MI the largest share of households pay taxes in the $3k+ range.

The chart underneath the paragraph shows the property taxes in Franklin, MI compared to it's parent and neighbor geographies.

Rent vs Own

98.2%

Homeownership

2024

65.8%

Homeowners with Mortgage

2024

In 2024, 98.2% of the housing units in Franklin, MI were occupied by their owner. This percentage grew from the previous year's rate of 94.9%.

This chart shows the percentage of owner in Franklin, MI compared it's parent and neighboring geographies.

Equity

Household Income

Please note that the buckets used in this visualization were not evenly distributed by ACS when publishing the data.

$194,079

Median Household Income

± $33,148

1.03k

Number of Households

± 157

In 2024, the median household income of the 1.03k households in Franklin, MI grew to $194,079 from the previous year's value of $176,571.

The following chart displays the households in Franklin, MI distributed between a series of income buckets compared to the national averages for each bucket. The largest share of households have an income in the $200k+ range.

Wage Distribution

The closest comparable wage GINI for Franklin, MI is from Michigan.

0.46

2024 Wage GINI in Michigan

0.462

2023 Wage GINI in Michigan

In 2024, the income inequality in Michigan was 0.46 according to the GINI calculation of the wage distribution. Income inequality had a 0.474% decline from 2023 to 2024, which means that wage distribution grew somewhat more even. The GINI for Michigan was lower than than the national average of 0.474. In other words, wages are distributed more evenly in Michigan in comparison to the national average.

This chart shows the number of workers in Michigan across various wage buckets compared to the national average.

Transportation

Commuter Transportation

Most Common Commute in 2024

Drove Alone (73.2%)
Worked At Home (22.8%)
Carpooled (1.65%)

In 2024, 73.2% of workers in Franklin, MI drove alone to work, followed by those who worked at home (22.8%) and those who carpooled to work (1.65%).

The following chart shows the number of households using each mode of transportation over time, using a logarithmic scale on the y-axis to help better show variations in the smaller means of commuting.

Commute Time

25.5 minutes

Average Travel Time

Using averages, employees in Franklin, MI have a shorter commute time (25.5 minutes) than the normal US worker (26.4 minutes). Additionally, 2.35% of the workforce in Franklin, MI have "super commutes" in excess of 90 minutes.

The chart below shows how the median household income in Franklin, MI compares to that of it's neighboring and parent geographies.

Car Ownership

2 cars

Average Number

The following chart displays the households in Franklin, MI distributed between a series of car ownership buckets compared to the national averages for each bucket. The largest share of households in Franklin, MI have 2 cars.

Poverty

Poverty & Diversity

2.78% of the population for whom poverty status is determined in Franklin, MI (71 out of 2.55k people) live below the poverty line, a number that is lower than the national average of 12.5%. The largest demographic living in poverty are Males 18 - 24, followed by Females 65 - 74 and then Females 75+.

The most common racial or ethnic group living below the poverty line in Franklin, MI is White, followed by Black and Native American.

The Census Bureau uses a set of money income thresholds that vary by family size and composition to determine who classifies as impoverished. If a family's total income is less than the family's threshold than that family and every individual in it is considered to be living in poverty.

Social Needs

Data only available at the state level.

Most prevalent states

California
35,798 individuals
New York
5,087 individuals

In 2017, California had the highest estimated number of chronically homeless individuals in the nation, at 35,798, followed by New York (5,087).

The following map shows the estimated number of chronically homeless individuals by state over multiple years.

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