Franklin, NC
Population 4,221 · North Carolina
About Franklin, NC
Franklin is a small community in North Carolina with a population of 4,221 residents. The median household income is $43,991 per year, which is below the national average. The median age in Franklin is 47.3 years.
Housing in Franklin has a median home value of $190,600 and median monthly rent of $738. Of the 2,192 total housing units, the majority are owner-occupied, with 1,127 owner-occupied and 868 renter-occupied units.
The unemployment rate in Franklin is 2.3% and the poverty rate is 21.6%. 22.2% of residents hold a bachelor's degree or higher. The average commute time is 23.5 minutes.
Cost of Living in Franklin, NC
Compared to national averages, Franklin has a median household income of $43,991 (41% below the national median of $75,149). Home values average $190,600, which is 22% below the national median. Monthly rent at $738 is 37% below the US average of $1,163. Within North Carolina, Franklin's income is 32% below the state average of $64,468, and home values are 17% below the state median of $228,922.
Why Live in Franklin, NC?
Franklin offers affordable housing with a median home value of $190,600, below the US average of $244,900, and rent that’s lower than the national average at $738/month, and a strong job market with an unemployment rate of just 2.3%. Additionally, the city features short commute times averaging just 23.5 minutes.
Potential considerations include median household income ($43,991) 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 4,221 with a median age of 47.3 years. Compare Franklin with other cities to see how it stacks up, or explore all cities in North Carolina.
Similar Cities Near Franklin
Cities in North Carolina with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Mount Olive | 4,204 | $45,869 | $117,200 | Compare |
| Spindale | 4,244 | $38,509 | $130,800 | Compare |
| Wingate | 4,169 | $65,208 | $217,700 | Compare |
| Surf City | 4,160 | $84,833 | $478,600 | Compare |
| Benson | 4,144 | $65,614 | $176,000 | Compare |
| Southport | 4,143 | $82,792 | $394,900 | Compare |
| Sunset Beach | 4,326 | $84,934 | $354,300 | Compare |
| Forest Oaks | 4,095 | $108,250 | $294,400 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in North Carolina
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, NC?
The population of Franklin, NC is 4,221 according to the latest Census data.
What is the median household income in Franklin?
The median household income in Franklin, NC is $43,991 per year.
What is the median home value in Franklin?
The median home value in Franklin, NC is $190,600.
What is the average rent in Franklin?
The median monthly rent in Franklin, NC is $738.
What is the unemployment rate in Franklin?
The unemployment rate in Franklin, NC is 2.3%.