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Page2of2Franklin has a population of approximately 8,249 and experiences a population change rate of -1.16%. The population density is 990.8 / sq mi .
The median household income for Franklin is $49,424, with 3,474 households and an average household size of 2.34.
The median value of a home in Franklin is $209,200 with an appreciation rate of 18.60%. 46.47% of housing in the state is owned while 43.11% is rented.
The cost of living in Franklin is 87.1 %.
The unemployment rate in Franklin is 3.50%, and recent job growth is at 2.35%. Future job growth is projected at 29.51%.
The sales tax rate in Franklin is 6.00%, while the income tax rate is 5.75% .
School expenditures in Franklin are $15,676, and the school ratio is 14:1.
The average high temperature in July is 88.4 degrees, with an average low temperature in January of 29.6 degrees. The average rainfall is approximately 48.5 inches per year, with 4.4 inches of snow per year.
