Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 50.9 yrs |
|---|---|
| Avg HH Size | 2.67 |
| Below Poverty | 5.7% ▼ 43% below avg |
| College Grads | 21.2% ▼ 45% below avg |
| Unemployment | 0.9% ▼ 81% below avg |
| No HS Diploma | 17 (1.9%) |
| HS Graduate | 466 (51.8%) |
| Some College | 122 (13.6%) |
| Associates | 104 (11.6%) |
| Bachelors | 61 (6.8%) |
| Graduate Degree | 130 (14.4%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $80,395 ≈ Avg |
|---|---|
| Median Home Value | $122,000 ▼ 56% below avg |
| Home/Income Ratio | 1.5x (nat avg ~3.5x) |
| Median Rent | $928/mo |
| Total Housing Units | 584 |
| Vacant Units | 88 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Franklin is a city in Illinois, located in Morgan County. The city spans 1 ZIP code and is home to approximately 1,326 residents. It is a mature city, with a median age of 50.9 years.
Economically, Franklin is a middle-income community. The median household income of $80,395 is near the national average. Approximately 5.7% of residents live below the poverty line. The unemployment rate is 0.9%, well below the national average.
The real estate market in Franklin is one of the more affordable housing markets in the country. Median home values stand at $122,000, which is well below the national average. Renters typically pay around $928 per month. Homeownership is high at 77.6%, typical of suburban and family-oriented communities.
The population of Franklin is less-educated. 21.2% of adults hold a bachelor's degree or higher — below the national average. The community is primarily White (98.94%).
Franklin, IL offers residents above-average earning potential within Illinois.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 62638 | 1,326 | $80,395 | $122,000 | $928 | 0.9% | 21.2% | 77.6% |