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Franklin, Alabama Demographics & Population 2026

During the 2020–2024 ACS period, Franklin, Alabama had a total population of 981, the 324th largest town in Alabama, with a median household income of $85,817, which is 34% higher than the state average. The poverty rate is 17.3%.

Data vintage: U.S. Census Bureau ACS 2020–2024 5-Year Estimates · refreshed July 2026 · Methodology & source notes

Key Takeaways

Franklin Quick Facts

Population 981
Median Household Income $85,817
Median Home Value $77,900
Poverty Rate 17.3%
Unemployment Rate 18.1%
Median Age 51.9 years
Homeownership Rate 81.8%
Affordability Ratio 0.9x
Bachelor's Degree or Higher 40.9%
High School Graduation Rate 90.1%
Diversity Index 47/100
Population 981 324th of 592
Median Income $85,817 top 20%
Poverty Rate 17.3% 39% higher than national
Median Home Value $77,900 bottom 10%

How Franklin Changed

Change from the 2019–2023 ACS period to 2020–2024. These are rolling five-year estimates, not year-over-year measurements.

Metric2019–20232020–2024Change
Population899981+9.1%
Median household income$83,480$85,817+2.8%
Median home value$75,300$77,900+3.5%

How Franklin Compares

Economy & Housing

Household Income Distribution

Under $25K 14.6%
$25K-$50K 14.8%
$50K-$100K 40.7%
$100K+ 29.9%
Detailed income brackets
Under $10K
10.5%
$10K-$15K
1.4%
$15K-$20K
2.1%
$20K-$25K
0.5%
$25K-$30K
3.6%
$30K-$35K
1.4%
$35K-$40K
2.4%
$40K-$45K
6.7%
$45K-$50K
0.7%
$50K-$60K
0.0%
$60K-$75K
11.2%
$75K-$100K
29.4%
$100K-$125K
10.1%
$125K-$150K
4.3%
$150K-$200K
11.7%
$200K+
3.8%

Employment

18.1% Unemployment Rate State: 4.7%|National: 5.2%
57.1% Labor Force Participation

Housing Overview

Owner 81.8%
Renter 18.2%
Affordability Index Very Affordable
0.9x home value to income ratio
Median gross rent $746/mo 10.4% of median household income annually

People & Demographics

Diversity Index

47out of 100
Moderate Diversity

Moderate diversity with one or two groups making up the majority.

State average: 53 | National average: 61

Education

Franklin Rankings in Alabama

#324 Population of 592
#75 Median Income of 537
#45 Education of 592
#479 Home Value of 529

Other Cities in Macon County

CityPopulationMedian IncomePovertyHome Value
Tuskegee 8,938 $38,000 29.0% $104,800
Shorter 404 $48,125 28.0% $98,600

Cities Similar to Franklin

These cities in the same state have comparable population and economic profiles.

CityPopulationMedian IncomeHome ValueBachelor's+Poverty
Reeltown980$83,523$114,20013.3%13.6%
Dunnavant966$75,323$193,10035.0%20.5%
Rock Creek1,103$84,432$147,9005.0%2.5%
Leroy1,075$93,036$219,50026.5%1.0%
Magnolia Springs1,130$86,818$442,40058.8%11.2%

A note before these figures: with a population of 981, Franklin's ACS estimates come from a small number of survey responses and carry wide margins of error. Individual percentages below — particularly rates that round to 0% or 100% — are approximations, not precise measurements. See data.census.gov for the published margins of error.

Population Overview

Franklin is a small community located in Alabama, within Macon County. The total population is 981. It ranks as the 324th most populous out of 592 Census-designated places in Alabama.

Age Demographics

The median age in Franklin is 51.9 years. This is 32% higher than the state median of 39.3 years. Only 13.2% of residents are under 18, indicating fewer families with children. 11.6% of residents are 75 or older, suggesting a significant retirement-age population with implications for healthcare services and senior housing.

Economy, Income & Housing

The median household income in Franklin is $85,817. This is 34% higher than the state median of $63,999. It is also 6% higher than the national median of $80,734. The poverty rate stands at 17.3%. This is 11% higher than the state poverty rate of 15.6%. The unemployment rate is 18.1%. This is 284% higher than the state rate of 4.7%. The median home value is $77,900. Housing costs are 63% lower than the state median of $209,900. With a home-value-to-income ratio of just 0.9x, Franklin is one of the most affordable housing markets in the area. 81.8% of occupied housing units are owner-occupied. This homeownership rate is 17% higher than the state average of 70.2%.

Race & Ethnicity

The largest racial or ethnic group in Franklin is Black or African American, making up 69.5% of the population. White (non-Hispanic) residents account for 18.0%. The White (non-Hispanic) population (18.0%) is well below the state average of 63.4%. The Black or African American population is significantly higher than the state average (69.5% vs 25.6%). The Hispanic or Latino population (0.5%) is well below the state average of 5.6%.

Education

40.9% of residents aged 25 and older hold a bachelor's degree or higher. This places Franklin in the top 10% of all cities in the state for educational attainment. This is 44% higher than the state rate of 28.4%. Nationally, 35.7% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 90.1%. Notably, 28.1% of adults hold a graduate or professional degree, indicating a highly educated workforce.

Data Sources & Methodology

All demographic data for Franklin, Alabama is sourced from the U.S. Census Bureau's American Community Survey (ACS) 2020–2024 5-Year Estimates. The ACS collects data from approximately 3.5 million households annually and pools five years of responses so that even small communities can be measured, though the margin of error widens as the population falls. Comparisons are made against Alabama state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 592 Census-designated places in Alabama. Read more about how these figures are produced on our methodology page, or visit data.census.gov for official data.

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Frequently Asked Questions

What is the population of Franklin, Alabama?

Franklin, Alabama has a population of 981 according to the most recent U.S. Census ACS 5-Year Estimates.

What is the median household income in Franklin, AL?

The median household income in Franklin is $85,817, which is 6% higher than the national median of $80,734.

What is the poverty rate in Franklin, AL?

The poverty rate in Franklin is 17.3%. This means approximately 169 residents live below the federal poverty line.

What is the racial makeup of Franklin, Alabama?

Franklin's population is 18.0% White, 69.5% Black, 0.5% Hispanic/Latino, and 0.0% Asian.

What is the median home value in Franklin, AL?

The median home value in Franklin is $77,900. The home-value-to-income ratio is 0.9x.

How educated is Franklin, Alabama?

40.9% of adults (25+) in Franklin hold a bachelor's degree or higher, and 28.1% hold a graduate or professional degree.