Franklin city, Minnesota Demographics & Population 2026
As of 2026, Franklin city, Minnesota has a total population of 513, the 494th largest city in Minnesota, with a median household income of $54,904, which is 37% lower than the state average. The poverty rate is 15.1%.
Key Takeaways
- Household income is 37% below the state average, indicating significant economic challenges.
- Housing is very affordable with a home-value-to-income ratio of just 1.5x.
- Near full employment with an unemployment rate of just 1.9%.
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: 40 | National average: 60
Education
Educational Attainment (Adults 25+)
Franklin city Rankings in Minnesota
Explore Minnesota Rankings
Other Cities in Renville County
| City | Population | Median Income | Poverty | Home Value |
|---|---|---|---|---|
| Olivia city | 2,243 | $62,683 | 13.2% | $156,600 |
| Renville city | 1,397 | $73,750 | 11.2% | $109,700 |
| Fairfax city | 1,134 | $53,750 | 14.8% | $99,800 |
| Hector city | 1,111 | $59,762 | 7.8% | $124,100 |
| Bird Island city | 964 | $71,190 | 10.6% | $114,600 |
| Buffalo Lake city | 664 | $56,719 | 17.4% | $106,000 |
| Sacred Heart city | 522 | $63,125 | 20.3% | $57,600 |
| Danube city | 489 | $62,014 | 2.3% | $137,500 |
| Morton city | 432 | $63,571 | 7.4% | $76,600 |
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 |
|---|---|---|---|---|---|
| Bertha city | 489 | $54,821 | $77,900 | 14.3% | 11.3% |
| Balaton city | 544 | $54,091 | $85,000 | 18.1% | 13.3% |
| Cosmos city | 529 | $50,833 | $95,000 | 9.4% | 16.8% |
| Milan city | 498 | $50,625 | $70,000 | 17.4% | 29.6% |
| Butterfield city | 486 | $57,292 | $77,800 | 10.3% | 12.1% |
Population Overview
Franklin city is a small community located in Minnesota, within Renville County. The total population is 513. It ranks as the 494th most populous out of 913 cities and towns in Minnesota.
Age Demographics
The median age in Franklin city is 38.0 years. This is 2% lower than the state median of 38.6 years.
Economy, Income & Housing
The median household income in Franklin city is $54,904. This is 37% lower than the state median of $87,556. Compared to the national median of $78,538, household income here is 30% lower. The poverty rate stands at 15.1%. This is 64% higher than the state poverty rate of 9.2%. The unemployment rate is 1.9%. This is 52% lower than the state rate of 3.9%. The median home value is $84,800. Housing costs are 72% lower than the state median of $305,500. With a home-value-to-income ratio of just 1.5x, Franklin city is one of the most affordable housing markets in the area. 83.9% of occupied housing units are owner-occupied. This homeownership rate is 16% higher than the state average of 72.4%.
Race & Ethnicity
The largest racial or ethnic group in Franklin city is White (non-Hispanic), making up 80.7% of the population. Hispanic or Latino residents account for 6.2%. The Black or African American population (1.6%) is well below the state average of 6.7%.
Education
12.5% of residents aged 25 and older hold a bachelor's degree or higher. This is 68% lower than the state rate of 38.8%. Nationally, 35.0% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 91.4%.
Data Sources & Methodology
All demographic data for Franklin city, Minnesota 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 Minnesota state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 913 Census-designated places in Minnesota. For official data, visit data.census.gov.
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Frequently Asked Questions
What is the population of Franklin city, Minnesota?
Franklin city, Minnesota has a population of 513 according to the most recent U.S. Census ACS 5-Year Estimates.
What is the median household income in Franklin city, MN?
The median household income in Franklin city is $54,904, which is 30% lower the national median of $78,538.
What is the poverty rate in Franklin city, MN?
The poverty rate in Franklin city is 15.1%. This means approximately 69 residents live below the federal poverty line.
What is the racial makeup of Franklin city, Minnesota?
Franklin city's population is 80.7% White, 1.6% Black, 6.2% Hispanic/Latino, and 5.7% Asian.
What is the median home value in Franklin city, MN?
The median home value in Franklin city is $84,800. The home-value-to-income ratio is 1.5x.
How educated is Franklin city, Minnesota?
12.5% of adults (25+) in Franklin city hold a bachelor's degree or higher, and 0.0% hold a graduate or professional degree.