Franklin Park, PA
Population 15,273 · Pennsylvania
About Franklin Park, PA
Franklin Park is a mid-sized city located in Pennsylvania with a population of 15,273 residents according to the latest US Census Bureau American Community Survey data. The median household income is $172,200 per year, which is 129% above the national median of $75,149. The median age of 41.1 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Franklin Park features a median home value of $467,700, which is 91% above the national median of $244,900. This places Franklin Park in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $2,063, 77% above the national average of $1,163/month. Of the 5,591 total housing units, 92% are owner-occupied (4,911 units) and 8% are renter-occupied (409 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Franklin Park shows an unemployment rate of 4.1%, which is near the national rate of 3.7%. The poverty rate stands at 0.9%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Franklin Park have an average one-way commute time of 26.5 minutes.
Education & Demographics
75.2% of Franklin Park residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This significantly higher educational attainment rate often correlates with access to knowledge-economy jobs and higher household incomes. The community's demographic composition includes 0.7% White, 0.5% Hispanic or Latino, 0.3% Black or African American, and 1.0% Asian residents, with 12.0% of the population being foreign-born.
How Franklin Park Ranks in Pennsylvania
Cost of Living in Franklin Park, PA
Compared to national averages, Franklin Park has a median household income of $172,200 (129% above the national median of $75,149). Home values average $467,700, which is 91% above the national median. Monthly rent at $2,063 is 77% above the US average of $1,163. Within Pennsylvania, Franklin Park's income is 135% above the state average of $73,376, and home values are 145% above the state median of $190,903.
Why Live in Franklin Park, PA?
Franklin Park offers a strong local economy with a median household income of $172,200, well above the national average, and a well-educated community where 75.2% of residents hold a bachelor’s degree or higher, and a low poverty rate of 0.9%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $467,700. However, Franklin Park’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Franklin Park has a population of 15,273 with a median age of 41.1 years. Compare Franklin Park with other cities to see how it stacks up, or explore all cities in Pennsylvania.
Similar Cities Near Franklin Park
Cities in Pennsylvania with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Weigelstown | 15,401 | $70,333 | $202,100 | Compare |
| Whitehall | 14,863 | $85,000 | $229,200 | Compare |
| Greensburg | 14,777 | $62,977 | $177,000 | Compare |
| Horsham | 15,866 | $99,121 | $363,100 | Compare |
| Hermitage | 16,132 | $72,464 | $187,600 | Compare |
| Hershey | 14,334 | $78,750 | $339,300 | Compare |
| Indiana | 14,170 | $44,784 | $123,300 | Compare |
| Ardmore | 14,165 | $115,273 | $446,300 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Pennsylvania
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Franklin Park With Other Cities
Frequently Asked Questions about Franklin Park
What is the population of Franklin Park, PA?
The population of Franklin Park, PA is 15,273 according to the latest US Census Bureau American Community Survey estimates. This makes it a mid-sized city in Pennsylvania.
What is the median household income in Franklin Park?
The median household income in Franklin Park, PA is $172,200 per year, which is 129% above the national median of $75,149.
What is the median home value in Franklin Park?
The median home value in Franklin Park, PA is $467,700, which is 91% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Franklin Park?
The median monthly rent in Franklin Park, PA is $2,063, which is 77% above the national average of $1,163/month.
What is the unemployment rate in Franklin Park?
The unemployment rate in Franklin Park, PA is 4.1%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Franklin Park, PA a good place to live?
Franklin Park offers above-average incomes, a competitive housing market, and growing employment opportunities. With a population of 15,273 and a median age of 41.1, the city appeals to a broad range of residents.
How educated is Franklin Park, PA?
75.2% of residents in Franklin Park 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 Park?
Key cost-of-living indicators for Franklin Park, PA: median home value is $467,700 (91% above national), median rent is $2,063/month, and median household income is $172,200. The home-value-to-income ratio is 2.7x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Franklin Park?
The poverty rate in Franklin Park, PA is 0.9%, 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 Park, PA?
Franklin Park's population is 0.7% White, 0.5% Hispanic or Latino, 0.3% Black or African American, 1.0% Asian, and 2.7% two or more races. 12.0% of residents are foreign-born.