Franklin, MI Profile: Facts & Data

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Franklin, Michigan - Basic Facts

The Village of Franklin had a population of 3,367 as of July 1, 2018. Franklin ranks in the upper quartile for Diversity Index when compared to the other cities, towns and Census Designated Places (CDPs) in Michigan. See peer rankings below.

The primary coordinate point for Franklin is located at latitude 42.5188 and longitude -83.303 in Oakland County. The formal boundaries for the Village of Franklin (see map below) encompass a land area of 2.66 sq. miles and a water area of 0 sq. miles. Oakland County is in the Eastern time zone (GMT -5). The elevation is 837 feet.

The Village of Franklin (GNIS ID: 2398917) has a C1 Census Class Code which indicates an active incorporated place that does not serve as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

The Village of Franklin is located within Township of Southfield, a minor civil division (MCD) of Oakland County.

Alternate Unofficial Names for Franklin: Franklin Village.

Jump to... (On This Page!)
  1. Franklin 2018 Demographic Data
  2. Growth Rates for Franklin (Historical & 5-Year Forecast)
  3. Peer Comparisons (Rank and Percentile)
  1. Neighborhoods Demographics (Home Values, Household Income, etc.)
  2. Michigan Research Tools (Easy Tools & Current Data)
  3. Michigan Data Comparison Tool - 2018 Demographics

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Boundary Maps, Demographic Data, School Zones Review maps and data for the neighborhood, city, county, ZIP Code, and school zone. July 1, 2018, data includes home values, household income, percentage of homes owned, rented or vacant, etc.


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Franklin, MI Data & Demographics (As of July 1, 2018)

POPULATION

Total Population 3,367
Population in Households 3,367
Population in Familes 3,025
Population in Group Qrtrs 0
Population Density2 1,266
Diversity Index3 32
 

INCOME

Median Household Income $163,745
Average Household Income $236,655
Per Capita Income $84,100

HOUSING

Total Housing Units 1,257 (100%)
Owner Occupied HU 1,128 (89.7%)
Renter Occupied HU 67 ( 5.3%)
Vacant Housing Units 63 ( 5.0%)
Median Home Value $569,598
Average Home Value $687,733
 

HOUSEHOLDS

Total Households 1,194
Average Household Size 2.82
Family Households 951
Average Family Size 3
NOTES
  1. Demographics are point estimates for July 1st of the current year and each for the forecast years. See References for more information.
  2. Population Density = Total Population per square mile.
  3. The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different race or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.

GROWTH RATE / YEAR

2010-2018 2018-2023
Population 0.81% 0.7%
Households 0.8% 0.71%
Families 0.63% 0.58%
Median Household Income   1.65%
Per Capita Income   2.06%

Franklin, MI - Peer Comparisons by Rank and Percentile

The table below compares Franklin to the other 692 incorporated cities, towns and CDPs in Michigan by rank and percentile using July 1, 2018 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description Rank Percentile
Total Population # 224 68th
Population Density # 261 62nd
Diversity Index # 127 82nd
Median Household Income # 4 100th
Per Capita Income # 3 100th

Additional comparisons and rankings can be made with a VERY EASY TO USE Michigan Census Data Comparison Tool.

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