Franklin Town, MA
Population 33,067 · Massachusetts
About Franklin Town, MA
Franklin Town is a mid-sized city in Massachusetts with a population of 33,067 residents. The median household income is $142,788 per year, which is above the national average. The median age in Franklin Town is 42.1 years.
Housing in Franklin Town has a median home value of $567,100 and median monthly rent of $1,856. Of the 12,889 total housing units, the majority are owner-occupied, with 9,668 owner-occupied and 2,671 renter-occupied units.
The unemployment rate in Franklin Town is 5.1% and the poverty rate is 5.5%. 56.4% of residents hold a bachelor's degree or higher. The average commute time is 34.3 minutes.
How Franklin Town Ranks in Massachusetts
Cost of Living in Franklin Town, MA
Compared to national averages, Franklin Town has a median household income of $142,788 (90% above the national median of $75,149). Home values average $567,100, which is 132% above the national median. Monthly rent at $1,856 is 60% above the US average of $1,163. Within Massachusetts, Franklin Town's income is 35% above the state average of $105,630, and home values are 1% above the state median of $561,296.
Why Live in Franklin Town, MA?
Franklin Town offers a strong local economy with a median household income of $142,788, well above the national average, and a well-educated community where 56.4% of residents hold a bachelor’s degree or higher, and a low poverty rate of 5.5%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $567,100. However, Franklin Town’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Franklin Town has a population of 33,067 with a median age of 42.1 years. Compare Franklin Town with other cities to see how it stacks up, or explore all cities in Massachusetts.
Similar Cities Near Franklin Town
Cities in Massachusetts with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Needham | 32,059 | $212,241 | $1,146,000 | Compare |
| Lexington | 34,085 | $219,402 | $1,147,900 | Compare |
| Randolph Town | 34,683 | $103,129 | $463,500 | Compare |
| Norwood | 31,380 | $97,110 | $613,500 | Compare |
| Watertown Town | 35,270 | $123,422 | $737,600 | Compare |
| North Attleborough Town | 30,842 | $109,426 | $462,700 | Compare |
| Amherst Town | 35,472 | $65,938 | $454,000 | Compare |
| Wellesley | 29,906 | $250,001 | $1,513,400 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Massachusetts
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Franklin Town
What is the population of Franklin Town, MA?
The population of Franklin Town, MA is 33,067 according to the latest Census data.
What is the median household income in Franklin Town?
The median household income in Franklin Town, MA is $142,788 per year.
What is the median home value in Franklin Town?
The median home value in Franklin Town, MA is $567,100.
What is the average rent in Franklin Town?
The median monthly rent in Franklin Town, MA is $1,856.
What is the unemployment rate in Franklin Town?
The unemployment rate in Franklin Town, MA is 5.1%.