Franklin Springs, GA
Population 1,086 · Georgia
About Franklin Springs, GA
Franklin Springs is a small town located in Georgia with a population of 1,086 residents according to the latest US Census Bureau American Community Survey data. The median household income is $78,542 per year, which is 5% above the national median of $75,149. The median age of 23.2 years is notably younger the US median age of 38.9 years, indicating a younger, often more dynamic population base.
Housing Market Overview
The housing market in Franklin Springs features a median home value of $179,500, which is 27% below the national median of $244,900. This positions Franklin Springs in a moderately priced market relative to the rest of the country. Median monthly rent is $962, 17% below the national average of $1,163/month. Of the 321 total housing units, 56% are owner-occupied (161 units) and 44% are renter-occupied (126 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Franklin Springs shows an unemployment rate of 5.8%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 9.7%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Franklin Springs have an average one-way commute time of 22.3 minutes.
Education & Demographics
37.1% of Franklin Springs residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 5.1% White, 0.8% Hispanic or Latino, 0.0% Black or African American, and 0.7% Asian residents, with 13.9% of the population being foreign-born.
Cost of Living in Franklin Springs, GA
Compared to national averages, Franklin Springs has a median household income of $78,542 (5% above the national median of $75,149). Home values average $179,500, which is 27% below the national median. Monthly rent at $962 is 17% below the US average of $1,163. Within Georgia, Franklin Springs's income is 29% above the state average of $60,815, and home values are 8% below the state median of $194,684.
Why Live in Franklin Springs, GA?
Franklin Springs offers a strong local economy with a median household income of $78,542, well above the national average, and affordable housing with a median home value of $179,500, below the US average of $244,900, and rent that’s lower than the national average at $962/month. Additionally, the city features a well-educated community where 37.1% of residents hold a bachelor’s degree or higher, and a low poverty rate of 9.7%, better than the national average, and short commute times averaging just 22.3 minutes.
Franklin Springs has a population of 1,086 with a median age of 23.2 years. Compare Franklin Springs with other cities to see how it stacks up, or explore all cities in Georgia.
Similar Cities Near Franklin Springs
Cities in Georgia with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Young Harris | 1,087 | $27,692 | $276,500 | Compare |
| Arlington | 1,083 | $46,571 | $122,700 | Compare |
| Jekyll Island | 1,078 | $76,445 | $522,100 | Compare |
| Oglethorpe | 1,069 | $25,071 | $61,100 | Compare |
| Lumber City | 1,113 | $31,927 | $0 | Compare |
| Omega | 1,058 | $52,847 | $73,300 | Compare |
| Reynolds | 1,051 | $29,821 | $0 | Compare |
| Tunnel Hill | 1,122 | $61,964 | $183,700 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Georgia
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Franklin Springs With Other Cities
Frequently Asked Questions about Franklin Springs
What is the population of Franklin Springs, GA?
The population of Franklin Springs, GA is 1,086 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Georgia.
What is the median household income in Franklin Springs?
The median household income in Franklin Springs, GA is $78,542 per year, which is 5% above the national median of $75,149.
What is the median home value in Franklin Springs?
The median home value in Franklin Springs, GA is $179,500, which is 27% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Franklin Springs?
The median monthly rent in Franklin Springs, GA is $962, which is 17% below the national average of $1,163/month.
What is the unemployment rate in Franklin Springs?
The unemployment rate in Franklin Springs, GA is 5.8%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Franklin Springs, GA a good place to live?
Franklin Springs offers above-average incomes, affordable housing, and growing employment opportunities. With a population of 1,086 and a median age of 23.2, the city appeals to young professionals and families.
How educated is Franklin Springs, GA?
37.1% of residents in Franklin Springs aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Franklin Springs?
Key cost-of-living indicators for Franklin Springs, GA: median home value is $179,500 (27% below national), median rent is $962/month, and median household income is $78,542. The home-value-to-income ratio is 2.3x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Franklin Springs?
The poverty rate in Franklin Springs, GA is 9.7%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Franklin Springs, GA?
Franklin Springs's population is 5.1% White, 0.8% Hispanic or Latino, 0.0% Black or African American, 0.7% Asian, and 11.0% two or more races. 13.9% of residents are foreign-born.