Franklin city, Iowa Demographics & Population 2026
As of 2026, Franklin city, Iowa has a total population of 135, the 791st largest city in Iowa, with a median household income of $47,500, which is 35% lower than the state average. The poverty rate is 3.7%.
Key Takeaways
- Household income is 35% below the state average, indicating significant economic challenges.
- An exceptionally low poverty rate of 3.7% — among the lowest in Iowa.
- Housing is very affordable with a home-value-to-income ratio of just 2.5x.
- Near full employment with an unemployment rate of just 0.0%.
Franklin city Quick Facts
How Franklin city Compares
Median Household Income
Median Home Value
Economy & Housing
Household Income Distribution
Employment
Housing Overview
People & Demographics
Age Distribution
Race & Ethnicity
Diversity Index
A less diverse community where one racial or ethnic group represents a large majority.
State average: 30 | National average: 60
Education
Educational Attainment (Adults 25+)
Franklin city Rankings in Iowa
Explore Iowa Rankings
Cities Similar to Franklin city
These cities in the same state have comparable population and economic profiles.
| City | Population | Median Income | Home Value | Bachelor's+ | Poverty |
|---|---|---|---|---|---|
| Lucas city | 137 | N/A | $34,200 | 4.0% | 23.4% |
| Barnes City city | 140 | $47,813 | $100,000 | 14.8% | 6.4% |
| Garber city | 129 | $49,000 | $67,500 | 2.6% | 21.7% |
| Waterville city | 143 | $48,750 | $93,800 | 5.2% | 4.2% |
| Stockton city | 127 | $48,750 | $114,600 | 4.5% | 18.9% |
Population Overview
Franklin city is a small community located in Iowa. The total population is 135. It ranks as the 791st most populous out of 1,018 cities and towns in Iowa.
Age Demographics
The median age in Franklin city is 45.4 years. This is 18% higher than the state median of 38.6 years. 19.3% 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 city is $47,500. This is 35% lower than the state median of $73,147. Compared to the national median of $78,538, household income here is 40% lower. The poverty rate stands at 3.7%. This is 66% lower than the state poverty rate of 11.0%. This exceptionally low poverty rate indicates strong economic prosperity across the community. The unemployment rate is 0.0%. This is 100% lower than the state rate of 3.6%. The median home value is $116,500. Housing costs are 41% lower than the state median of $195,900. With a home-value-to-income ratio of just 2.5x, Franklin city is one of the most affordable housing markets in the area. 91.9% of occupied housing units are owner-occupied. This homeownership rate is 29% higher than the state average of 71.5%.
Race & Ethnicity
Franklin city has a predominantly White (non-Hispanic) population, comprising 97.8% of all residents.
Education
16.1% of residents aged 25 and older hold a bachelor's degree or higher. This is 48% lower than the state rate of 30.9%. Nationally, 35.0% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 97.9%.
Data Sources & Methodology
All demographic data for Franklin city, Iowa is sourced from the U.S. Census Bureau's American Community Survey (ACS) 5-Year Estimates (2019-2023). The ACS collects data from approximately 3.5 million households annually, providing reliable estimates for communities of all sizes. Comparisons are made against Iowa state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 1,018 Census-designated places in Iowa. For official data, visit data.census.gov.
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Frequently Asked Questions
What is the population of Franklin city, Iowa?
Franklin city, Iowa has a population of 135 according to the most recent U.S. Census ACS 5-Year Estimates.
What is the median household income in Franklin city, IA?
The median household income in Franklin city is $47,500, which is 40% lower the national median of $78,538.
What is the poverty rate in Franklin city, IA?
The poverty rate in Franklin city is 3.7%. This means approximately 5 residents live below the federal poverty line.
What is the racial makeup of Franklin city, Iowa?
Franklin city's population is 97.8% White, 0.0% Black, 0.0% Hispanic/Latino, and 0.0% Asian.
What is the median home value in Franklin city, IA?
The median home value in Franklin city is $116,500. The home-value-to-income ratio is 2.5x.
How educated is Franklin city, Iowa?
16.1% of adults (25+) in Franklin city hold a bachelor's degree or higher, and 3.2% hold a graduate or professional degree.