Franklin Town, Massachusetts Demographics & Population 2026
During the 2020–2024 ACS period, Franklin Town, Massachusetts had a total population of 33,154, the 45th largest city in Massachusetts, with a median household income of $145,773, which is 40% higher than the state average. The poverty rate is 5.9%.
Data vintage: U.S. Census Bureau ACS 2020–2024 5-Year Estimates · refreshed July 2026 · Methodology & source notes
Key Takeaways
- Household income is 40% above the state average — one of the wealthiest communities in Massachusetts.
Franklin Town Quick Facts
How Franklin Town Changed
Change from the 2019–2023 ACS period to 2020–2024. These are rolling five-year estimates, not year-over-year measurements.
| Metric | 2019–2023 | 2020–2024 | Change |
|---|---|---|---|
| Population | 33,067 | 33,154 | +0.3% |
| Median household income | $142,788 | $145,773 | +2.1% |
| Median home value | $567,100 | $611,700 | +7.9% |
How Franklin Town Compares
Median Household Income
Median Home Value
Economy & Housing
Household Income Distribution
Detailed income brackets
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: 53 | National average: 61
Education
Educational Attainment (Adults 25+)
Franklin Town Rankings in Massachusetts
Explore Massachusetts Rankings
Other Cities in Norfolk County
| City | Population | Median Income | Poverty | Home Value |
|---|---|---|---|---|
| Quincy | 102,114 | $98,882 | 10.6% | $618,500 |
| Brookline | 63,266 | $142,101 | 8.7% | $1,246,800 |
| Weymouth Town | 58,505 | $102,714 | 7.7% | $552,100 |
| Braintree Town | 38,899 | $122,214 | 5.9% | $656,800 |
| Randolph Town | 34,878 | $109,573 | 8.4% | $496,400 |
| Needham | 32,459 | $214,308 | 3.7% | $1,188,500 |
| Norwood | 31,542 | $107,030 | 8.8% | $651,700 |
| Wellesley | 30,347 | $250,000+ | 4.0% | $1,582,700 |
| Milton | 28,587 | $188,529 | 4.7% | $933,200 |
| Dedham | 25,237 | $128,955 | 5.6% | $661,800 |
Cities Similar to Franklin Town
These cities in the same state have comparable population and economic profiles.
| City | Population | Median Income | Home Value | Bachelor's+ | Poverty |
|---|---|---|---|---|---|
| Watertown | 35,543 | $126,265 | $784,600 | 66.5% | 7.5% |
| Melrose | 29,650 | $133,953 | $822,900 | 62.0% | 3.8% |
| Randolph Town | 34,878 | $109,573 | $496,400 | 35.5% | 8.4% |
| North Attleborough Town | 30,984 | $112,665 | $482,200 | 46.4% | 4.7% |
| Norwood | 31,542 | $107,030 | $651,700 | 55.4% | 8.8% |
Population Overview
Franklin Town is a mid-sized community located in Massachusetts, within Norfolk County. The total population is 33,154. It ranks as the 45th most populous out of 248 Census-designated places in Massachusetts.
Age Demographics
The median age in Franklin Town is 41.3 years. This is 3% higher than the state median of 40.0 years.
Economy, Income & Housing
The median household income in Franklin Town is $145,773. This is 40% higher than the state median of $103,960. It is also 81% higher than the national median of $80,734. The poverty rate stands at 5.9%. This is 41% lower than the state poverty rate of 10.0%. The unemployment rate is 5.2%. The median home value is $611,700. Housing costs are 9% higher than the state median of $562,100. The home-value-to-income ratio is 4.2x. 78.2% of occupied housing units are owner-occupied. This homeownership rate is 25% higher than the state average of 62.5%.
Race & Ethnicity
The largest racial or ethnic group in Franklin Town is White (non-Hispanic), making up 82.2% of the population. Asian residents account for 6.0%. The Black or African American population (2.1%) is well below the state average of 6.4%. The Hispanic or Latino population (5.3%) is well below the state average of 13.3%.
Education
58.1% of residents aged 25 and older hold a bachelor's degree or higher. This is 23% higher than the state rate of 47.3%. Nationally, 35.7% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 97.6%. Notably, 24.3% of adults hold a graduate or professional degree, indicating a highly educated workforce.
Data Sources & Methodology
All demographic data for Franklin Town, Massachusetts 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 Massachusetts state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 248 Census-designated places in Massachusetts. 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 Town, Massachusetts?
Franklin Town, Massachusetts has a population of 33,154 according to the most recent U.S. Census ACS 5-Year Estimates.
What is the median household income in Franklin Town, MA?
The median household income in Franklin Town is $145,773, which is 81% higher than the national median of $80,734.
What is the poverty rate in Franklin Town, MA?
The poverty rate in Franklin Town is 5.9%. This means approximately 1,887 residents live below the federal poverty line.
What is the racial makeup of Franklin Town, Massachusetts?
Franklin Town's population is 82.2% White, 2.1% Black, 5.3% Hispanic/Latino, and 6.0% Asian.
What is the median home value in Franklin Town, MA?
The median home value in Franklin Town is $611,700. The home-value-to-income ratio is 4.2x.
How educated is Franklin Town, Massachusetts?
58.1% of adults (25+) in Franklin Town hold a bachelor's degree or higher, and 24.3% hold a graduate or professional degree.