Franklin, WI
Population 35,751 · Wisconsin
About Franklin, WI
Franklin is a mid-sized city located in Wisconsin with a population of 35,751 residents according to the latest US Census Bureau American Community Survey data. The median household income is $108,342 per year, which is 44% above the national median of $75,149. The median age of 43.2 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Franklin features a median home value of $343,400, which is 40% above the national median of $244,900. This positions Franklin in a moderately priced market relative to the rest of the country. Median monthly rent is $1,325, 14% above the national average of $1,163/month. Of the 14,433 total housing units, 78% are owner-occupied (10,947 units) and 22% are renter-occupied (3,115 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Franklin shows an unemployment rate of 3.6%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 6.9%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Franklin have an average one-way commute time of 24.5 minutes.
Education & Demographics
45.4% of Franklin 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 4.6% White, 0.8% Hispanic or Latino, 1.1% Black or African American, and 0.4% Asian residents, with 7.7% of the population being foreign-born.
How Franklin Ranks in Wisconsin
Cost of Living in Franklin, WI
Compared to national averages, Franklin has a median household income of $108,342 (44% above the national median of $75,149). Home values average $343,400, which is 40% above the national median. Monthly rent at $1,325 is 14% above the US average of $1,163. Within Wisconsin, Franklin's income is 49% above the state average of $72,579, and home values are 67% above the state median of $205,802.
Why Live in Franklin, WI?
Franklin offers a strong local economy with a median household income of $108,342, well above the national average, and a strong job market with an unemployment rate of just 3.6%, and a well-educated community where 45.4% of residents hold a bachelor’s degree or higher. Additionally, the city features a low poverty rate of 6.9%, better than the national average, and short commute times averaging just 24.5 minutes.
Franklin has a population of 35,751 with a median age of 43.2 years. Compare Franklin with other cities to see how it stacks up, or explore all cities in Wisconsin.
Similar Cities Near Franklin
Cities in Wisconsin with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Sun Prairie | 36,455 | $90,521 | $339,800 | Compare |
| Oak Creek | 36,473 | $93,120 | $305,100 | Compare |
| Beloit | 36,554 | $59,975 | $133,500 | Compare |
| Manitowoc | 34,553 | $62,133 | $143,900 | Compare |
| Greenfield | 37,361 | $69,016 | $247,800 | Compare |
| Menomonee Falls | 38,963 | $98,460 | $341,600 | Compare |
| West Bend | 31,722 | $75,043 | $244,500 | Compare |
| Wausau | 39,893 | $61,877 | $155,900 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Wisconsin
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Franklin With Other Cities
Frequently Asked Questions about Franklin
What is the population of Franklin, WI?
The population of Franklin, WI is 35,751 according to the latest US Census Bureau American Community Survey estimates. This makes it a mid-sized city in Wisconsin.
What is the median household income in Franklin?
The median household income in Franklin, WI is $108,342 per year, which is 44% above the national median of $75,149.
What is the median home value in Franklin?
The median home value in Franklin, WI is $343,400, which is 40% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Franklin?
The median monthly rent in Franklin, WI is $1,325, which is 14% above the national average of $1,163/month.
What is the unemployment rate in Franklin?
The unemployment rate in Franklin, WI is 3.6%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Franklin, WI a good place to live?
Franklin offers above-average incomes, a competitive housing market, and a strong job market. With a population of 35,751 and a median age of 43.2, the city appeals to a broad range of residents.
How educated is Franklin, WI?
45.4% of residents in Franklin 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?
Key cost-of-living indicators for Franklin, WI: median home value is $343,400 (40% above national), median rent is $1,325/month, and median household income is $108,342. The home-value-to-income ratio is 3.2x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Franklin?
The poverty rate in Franklin, WI is 6.9%, 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, WI?
Franklin's population is 4.6% White, 0.8% Hispanic or Latino, 1.1% Black or African American, 0.4% Asian, and 2.9% two or more races. 7.7% of residents are foreign-born.