Franklin, NE
Population 908 · Nebraska
About Franklin, NE
Franklin is a small community in Nebraska with a population of 908 residents. The median household income is $51,121 per year, which is near the national average. The median age in Franklin is 48.8 years.
Housing in Franklin has a median home value of $93,800 and median monthly rent of $492. Of the 531 total housing units, the majority are owner-occupied, with 366 owner-occupied and 82 renter-occupied units.
The unemployment rate in Franklin is 2.8% and the poverty rate is 13.1%. 14.9% of residents hold a bachelor's degree or higher. The average commute time is 16.6 minutes.
How Franklin Ranks in Nebraska
Cost of Living in Franklin, NE
Compared to national averages, Franklin has a median household income of $51,121 (32% below the national median of $75,149). Home values average $93,800, which is 62% below the national median. Monthly rent at $492 is 58% below the US average of $1,163. Within Nebraska, Franklin's income is 22% below the state average of $65,895, and home values are 25% below the state median of $125,824.
Why Live in Franklin, NE?
Franklin offers affordable housing with a median home value of $93,800, below the US average of $244,900, and rent that’s lower than the national average at $492/month, and a strong job market with an unemployment rate of just 2.8%. Additionally, the city features short commute times averaging just 16.6 minutes.
Potential considerations include median household income ($51,121) that falls below the national average. However, Franklin’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Franklin has a population of 908 with a median age of 48.8 years. Compare Franklin with other cities to see how it stacks up, or explore all cities in Nebraska.
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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, NE?
The population of Franklin, NE is 908 according to the latest Census data.
What is the median household income in Franklin?
The median household income in Franklin, NE is $51,121 per year.
What is the median home value in Franklin?
The median home value in Franklin, NE is $93,800.
What is the average rent in Franklin?
The median monthly rent in Franklin, NE is $492.
What is the unemployment rate in Franklin?
The unemployment rate in Franklin, NE is 2.8%.