Pros and Cons of Living In Franklin Town, Massachusetts. Is Franklin Town, MA a Nice Place To Live or Retire?

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Franklin Town, Massachusetts

Moving to Franklin Town In Massachusetts ? Is Franklin Town, MA a Nice Place To Live? Pros and Cons of Living in Franklin Town, Massachusetts. Find out the best and worst about to live, raise a family or retire in Franklin Town.

DEMOGRAPHICS

Population
33644
Unemployment
4.2%
11% NAT AVG.
Poverty
5.3%
62% NAT AVG.
Cost Of Living
141
41% NAT AVG.

ECONOMICS

Median Home Cost
$432800
88% NAT AVG.
Median Income
$118193
75% NAT AVG.
Median Rent
$1468
27% NAT AVG.
Overall Score
6

CRIME REPORT

SOCIO-ECONOMICS

People Living Below BPL
1 in 19
Unemployed People
1 in 24
People Earning < $10,000
1 in 43
People Earning < $50,000
19.7%
People With Any Degree
1 in 1.6

ETHNICITY

Ethnicity Franklin Town USA
White 87.6% 60.1%
African American 1.4% 12.2%
American Indian 0% 0.6%
Asian 5.9% 5.6%
Hawaiian 0% 0.2%
Multiracial 2.3% 2.8%
Hispanic 2.7% 18.2%
Other 0.1% 0.3%

HOUSEHOLD INCOME

HOUSEHOLD INCOME Franklin Town USA
Less than $10,000 2.3% 5.8%
$10,000 to $14,999 2.6% 4.1%
$15,000 to $24,999 4.7% 8.5%
$25,000 to $34,999 4.4% 8.6%
$35,000 to $49,999 5.7% 12.0%
$50,000 to $74,999 11.8% 17.2%
$75,000 to $99,999 11.5% 12.8%
$100,000 to $149,999 18.1% 15.6%
$150,000 to $199,999 14.2% 7.1%

EDUCATION

Education Franklin Town USA
< 9th Grade 1% 5.0%
9-12th Grade 2% 7.0%
High School or GED 18% 27.0%
Other College 16% 20.0%
Associate's Degree 8% 9%
Bachelor's Degree 31% 20.0%
Master's Degree 18% 9.0%
Professional Degree 2% 2.0%
Doctorate Degree 4% 1.0%
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. The unemployment rate of Franklin Town remained 4.2%, which is 11% lower than national rate.

Cost of living in Franklin Town is 141, which is 41% higher than national average. In Franklin Town, only 55% of adults have a bachelor's degree and 24% have some college but no degree. 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.
Franklin Town Scorecard

Jobs85%

Housing90%

Affordability80%

Safety85%

Amenities85%

Diversity60%

Education95%

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