Is Franklin Town, Massachusetts a Good Place To Live? - Living In Franklin Town, MA

Is Franklin Town, Massachusetts a good place to live?
Franklin Town is a city in Massachusetts state in USA with a population of 33644 residents.. The poverty rate of Franklin Town is 5.3%, which is 62% lower than national average. The typical household in Franklin Town earns $118193 a year, compared to the national median of $67,500. Nearly 19.7% of households earn less than $50,000 a year compared to 39% national rate.

A high school education is a basic prerequisite for most jobs, and in Franklin Town, only 97% of adults have a high school diploma, compared to the 87.7% of adults nationwide. The unemployment rate of Franklin Town remained 4.2%, which is 11% lower than national rate. Higher educational attainment can lead to improved job security and reduce the likelihood of financial insecurity. In Franklin Town, only 55% of adults have a bachelor's degree and 24% have some college but no degree.

Cost of living in Franklin Town is 141, which is 41% higher than national average. Median home value in Franklin Town is $432800 , which is 88% higher than national average. While median income in Franklin Town remained $118193, which is 75% higher than national average. Not only are incomes low in the town, but it also has a high cost of living, meaning a dollar does not go as far as it might elsewhere.
Population
33644
Unemployment
4.2%
11% NAT AVG.
Poverty
5.3%
62% NAT AVG.
Overall Score
6
Median Home Cost
$432800
88% NAT AVG.
Median Income
$118193
75% NAT AVG.
Median Rent
$1468
27% NAT AVG.
Cost Of Living
141
41% NAT AVG.
People Living BPL
1 in 19
Unemployed People
1 in 24
People Earning < $10,000
1 in 43
People Earning < $50,000
19.7%
People with <= High School
1 in 4.8
People With Any Degree
1 in 1.6
Pros & Cons Overview

Jobs85%

Housing90%

Affordability80%

Safety85%

Amenities85%

Diversity60%

Education95%

Commute30%