Franklin

County:: Oakland County
County Seat:: No
Area (mi²):: 2.663
State:: Michigan

Franklin is a village located in Oakland County, Michigan. Franklin has a 2025 population of 3,099. Franklin is currently declining at a rate of -0.35% annually and its population has decreased by -1.74% since the most recent census, which recorded a population of 3,154 in 2020.

The average household income in Franklin is $298,614 with a poverty rate of 2.26%.The median age in Franklin is 49.6 years: 49.6 years for males, and 49.3 years for females.

Demographics

The racial composition of Franklin includes 73.72% White, 13.14% Black or African American, 4.6% Asian, and smaller percentages for other race, Native American and multiracial populations.

Population by Race

Race	Population	Percentage (of total)
White	1,924	73.72%
Black or African American	343	13.14%
Two or more races	217	8.31%
Asian	120	4.6%
Other race	4	0.15%
Native American	2	0.08%

Franklin Marital Status

Married

Widowed

Divorced

Separated

Never Married

Economics and Income Statistics

Franklin's average per capita income is $116,000. Household income levels show a median of $176,571. The poverty rate stands at 2.26%.

Families: A family includes the owner or renter of the home along with everyone related to them - whether through birth, marriage, or adoption. This includes relatives like spouses, children, parents, siblings, grandparents, and any other family members.

Households: A household includes all the people who occupy a housing unit (such as a house or apartment) as their usual place of residence.

Non Families: A nonfamily household is either someone living alone or when the owner/renter lives with people they aren't related to, like roommates.

Name	Median	Mean
Married Families	$201,667	-
Families	$183,750	$304,192
Households	$176,571	$298,614
Non Families	$133,977	$270,135

$116,000

Average Income

$176,571

Median Household Income

2.26%

Poverty Rate