Franklin Town, Massachusetts
Moving to or Living in Franklin Town Pros and Cons, Cost of Living, Crime Rate, Demographics
Living In Franklin Town, Massachusetts
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Explore the life in Franklin Town based on crime, public schools, cost of living, real estate, housing, properties, job opportunities, and local amenities data and Statistics.
About Franklin Town, Massachusetts
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.
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%
Poverty
5.3%
Overall Score
6
Median Home
$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%
Cost of Living
| Expense | Franklin Town | Massachusetts | National Avg. |
|---|---|---|---|
| Services | 128 | 119 | 100 |
| Groceries | 112 | 112 | 100 |
| Health | 119 | 123 | 100 |
| Housing | 181 | 164 | 100 |
| Transportation | 115 | 109 | 100 |
| Utilities | 121 | 116 | 100 |
Cost of Living
Franklin Town Massachusetts
Gender
| Gender | Franklin Town | Massachusetts | Country |
|---|---|---|---|
| Female | 52% | 51.5% | 50.8% |
| Male | 48% | 48.5% | 49.2% |
Gender
Female Male
Household Income
< $10000 $10K to $15K $15K to $25K $25K to $35K $35K to $50K $50K to $75K $75K to $100K $100K to $150K $150K to $200K $200K or more
| Income | Franklin Town | Massachusetts | Country |
|---|---|---|---|
| Less than $10,000 | 2.3% | 5% | 5.8% |
| $10,000 to $14,999 | 2.6% | 4.1% | 4.1% |
| $15,000 to $24,999 | 4.7% | 6.8% | 8.5% |
| $25,000 to $34,999 | 4.4% | 6.4% | 8.6% |
| $35,000 to $49,999 | 5.7% | 9% | 12.0% |
| $50,000 to $74,999 | 11.8% | 13.9% | 17.2% |
| $75,000 to $99,999 | 11.5% | 12% | 12.8% |
| $100,000 to $149,999 | 18.1% | 18% | 15.6% |
| $150,000 to $199,999 | 14.2% | 10.6% | 7.1% |
| $200,000 or more | 24.7% | 14.2% | 8.3% |
Education
< 9th Grade 9-12th Grade High School or GED Other College Associate Degree Bachelor Degree Masters Degree Professional Degree Doctorate Degree
| Education | Franklin Town | Massachusetts | Country |
|---|---|---|---|
| < 9th Grade | 1% | 3% | 5.0% |
| 9-12th Grade | 2% | 5% | 7.0% |
| High School or GED | 18% | 24% | 27.0% |
| Other College | 16% | 15% | 20.0% |
| Associate's Degree | 8% | 8% | 9% |
| Bachelor's Degree | 31% | 25% | 20.0% |
| Master's Degree | 18% | 14% | 9.0% |
| Professional Degree | 2% | 3% | 2.0% |
| Doctorate Degree | 4% | 3% | 1.0% |
Household Income
Franklin Town Massachusetts Country
Education
Franklin Town Massachusetts Country
Race / Ethnicity
White African American American Indian Asian Hispanic Hawaiian Mixed Other
| Ethnicity | Franklin Town | Massachusetts | Country |
|---|---|---|---|
| White | 87.6% | 70.8% | 60.1% |
| African American | 1.4% | 6.8% | 12.2% |
| American Indian | 0% | 0.1% | 0.6% |
| Asian | 5.9% | 6.7% | 5.6% |
| Hawaiian | 0% | 0% | 0.2% |
| Other | 0.1% | 0.8% | 0.3% |
| Multiracial | 2.3% | 2.7% | 2.8% |
| Hispanic | 2.7% | 12% | 18.2% |
Race / Ethnicity
Franklin Town Massachusetts Country