Where does this demographic data come from?

All demographic data comes from the U.S. Census Bureau's American Community Survey (ACS) 5-Year Estimates, which samples about 3.5 million households annually. The 5-year estimates provide the most reliable data for small geographies like municipalities.

What is the difference between Census data and ACS data?

The decennial Census (conducted every 10 years) is a full population count focusing on basic demographics. The ACS is an ongoing survey that collects detailed data on income, education, housing, commute patterns, and more. ACS data is updated annually but represents averages over a 5-year period.

How accurate is this data for small towns?

For smaller municipalities, ACS estimates have wider margins of error because fewer residents are sampled. The 5-year estimates reduce this uncertainty by averaging over a longer period. For towns under 5,000 people, treat specific numbers as approximations rather than precise counts.

Franklin, MI Population, Income & Demographics 2026

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Demographics — 2024 ACS 5-Year Estimatesi

Census

Populationi

2,554

Median Agei

49.5

Race & Ethnicityi

White

78.2%1,997

Black

8.3%211

Hispanic/Latino

7.2%183

Two or More

3.3%84

Asian

3%77

American Indian/Alaska Native

0.1%2

Educational Attainment (Age 25+)i

GED/Alternative

0.4%7

High School Diploma

4.9%93

Some College (<1 yr)

2.1%40

Some College (1+ yr)

5%95

Associate's Degree

4.8%91

Bachelor's Degree

34.8%665

Master's Degree

20.9%400

Professional Degree

17.7%339

Doctorate

6.8%130

HS or Higher

97.3%

BA or Higher

80.2%

Graduate+

45.4%

Housingi

Median Home Valuei

$774,900

Median Renti

—

Tenure

Owner-Occupied

98.2%1,013

Renter-Occupied

1.8%19

Total Units

1,103

Homeownership

98.2%

Vacancy Rate

6.4%

Home Values

Under $50K

0.5%5

$100K–$150K

2.8%28

$200K–$300K

2.8%28

$300K–$500K

21.5%218

$500K–$1M

43.4%440

$1M+

29%294

Rent Distribution

$2,000+

Year Built

2010–2019

3.2%35

2000–2009

11.6%128

1990–1999

7.2%79

1980–1989

1.4%15

1970–1979

2.2%24

1960–1969

17.9%197

1950–1959

31.1%343

1940–1949

10.7%118

1939 or earlier

14.9%164

Heating Fuel

Utility Gas

89.1%919

Electricity

10.4%107

Bottled/LP Gas

0.5%5

Fuel Oil

0.1%1

Economyi

Median Household Incomei

$194,079

Mean Household Incomei

$307,052

Per Capita Incomei

$125,797

Poverty Ratei

2.8%

Unemploymenti

Labor Forcei

1,267

Household Income Distribution

Under $10K

0.7%7

$10K–$15K

1.5%15

$15K–$20K

1.6%16

$30K–$35K

0.8%8

$35K–$40K

2.2%23

$40K–$45K

1.9%20

$45K–$50K

0.7%7

$50K–$60K

1.3%13

$60K–$75K

5.1%53

$75K–$100K

3%31

$100K–$125K

8.8%91

$125K–$150K

6.9%71

$150K–$200K

16.3%168

$200K+

49.3%509

Foreign-Born Populationi

Foreign-Borni

28811.3%

By Region

Top Countries

Canada

India

Germany

China

Mexico

Guatemala

Commute & Transportationi

Workersi

1,211

Avg. Commutei

25.5 min

How People Get to Work

Travel Time to Work

Workforce

Total Employed

1,242

Occupations

Industries

Social Characteristicsi

Marital Status (15+)i

Veteransi

36(1.8% of civilian adults)

Health Insurancei

98.8%Insured

1.2%Uninsured