This data is based on ZIP code 48025, which covers Franklin and Beverly Hills and Bingham Farms and Farmington Hills.
The U.S. Census reports business data by ZIP code, not city boundaries. All numbers reflect the combined ZIP code 48025 area shared across these towns.
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Franklin ZIP Area Economy · 2023
Wages -16% vs. avg. Oakland Co. town
Franklin's ZIP area supports 11,743 jobs across 719 businesses, with workers earning an average of $63K per year, 16% below the Oakland County average. The economy is moderately diversified (0.78 index), led by professional services and healthcare. 84.1% of businesses have fewer than 20 employees, and each business employs an average of 16.3 people. Jobs grew 9.7% from the prior year while business count grew 0%.
Where Businesses Clusteri
Larger blocks have more businesses.
Local Specialization vs. Oakland Avg.i
Industries sorted by relative concentration in this ZIP area.
Business Size Distributioni
719 businesses by employee count. 84.1% are small businesses (under 20 employees).
Small (10-19)
Micro (<5)
Small (5-9)
Medium (20-49)
Medium (50-99)
Large (100-249)
Economic Densityi
2.00+
jobs per resident
Capped: ZIP includes employers outside city limits
16.3
employees per business
County avg: 20.4-20%
$290K
payroll per resident
$1.0M
payroll per business
Franklin ZIP Area vs. Avg. Oakland Co. Towni
All Industries in ZIP Areai
| Sector | Franklin ZIP | Avg. Oakland Co. | Spec. |
|---|---|---|---|
| Professional Services | 220 | 244 | 1.8x |
| Healthcare | 170 | 208 | 1.6x |
| Finance & Insurance | 63 | 98 | 1.3x |
| Real Estate | 42 | 66 | 1.3x |
| Other Services | 36 | 108 | 0.7x |
| Retail Trade | 34 | 160 | 0.4x |
| Admin Services | 32 | 95 | 0.7x |
| Wholesale Trade | 23 | 82 | 0.6x |
| Food & Accommodation | 21 | 112 | 0.4x |
| Construction | 20 | 92 | 0.4x |
| Information | 18 | 30 | 1.2x |
| Education | 12 | 18 | 1.3x |
| Arts & Entertainment | 11 | 22 | 1.0x |
| Management | 8 | 18 | 0.9x |
| Manufacturing | 5 | 65 | 0.2x |
| Transportation | 4 | 25 | 0.3x |