Franklin, AL
Population 899 · Alabama
About Franklin, AL
Franklin is a small community in Alabama with a population of 899 residents. The median household income is $83,480 per year, which is above the national average. The median age in Franklin is 47.9 years.
Housing in Franklin has a median home value of $75,300 and median monthly rent of $731. Of the 484 total housing units, the majority are owner-occupied, with 316 owner-occupied and 57 renter-occupied units.
The unemployment rate in Franklin is 23.3% and the poverty rate is 15.9%. 36.0% of residents hold a bachelor's degree or higher. The average commute time is 20.9 minutes.
How Franklin Ranks in Alabama
Cost of Living in Franklin, AL
Compared to national averages, Franklin has a median household income of $83,480 (11% above the national median of $75,149). Home values average $75,300, which is 69% below the national median. Monthly rent at $731 is 37% below the US average of $1,163. Within Alabama, Franklin's income is 44% above the state average of $57,952, and home values are 53% below the state median of $159,358.
Why Live in Franklin, AL?
Franklin offers a strong local economy with a median household income of $83,480, well above the national average, and affordable housing with a median home value of $75,300, below the US average of $244,900, and rent that’s lower than the national average at $731/month. Additionally, the city features a well-educated community where 36.0% of residents hold a bachelor’s degree or higher, and short commute times averaging just 20.9 minutes.
Franklin has a population of 899 with a median age of 47.9 years. Compare Franklin with other cities to see how it stacks up, or explore all cities in Alabama.
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Other Cities in Alabama
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Franklin
What is the population of Franklin, AL?
The population of Franklin, AL is 899 according to the latest Census data.
What is the median household income in Franklin?
The median household income in Franklin, AL is $83,480 per year.
What is the median home value in Franklin?
The median home value in Franklin, AL is $75,300.
What is the average rent in Franklin?
The median monthly rent in Franklin, AL is $731.
What is the unemployment rate in Franklin?
The unemployment rate in Franklin, AL is 23.3%.