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Franklin city, Nebraska Demographics & Population 2026

Very AffordableHome value to income ratio of 1.8x is exceptionally low

As of 2026, Franklin city, Nebraska has a total population of 908, the 133rd largest city in Nebraska, with a median household income of $51,121, which is 32% lower than the state average. The poverty rate is 13.1%.

Key Takeaways

Franklin city Quick Facts

Population 908
Median Household Income $51,121
Median Home Value $93,800
Poverty Rate 13.1%
Unemployment Rate 2.8%
Median Age 48.8 years
Homeownership Rate 81.7%
Affordability Ratio 1.8x
Bachelor's Degree or Higher 14.9%
High School Graduation Rate 93.3%
Diversity Index 20/100
Population 908 133rd of 584
Median Income $51,121 bottom 30%
Poverty Rate 13.1% 5% higher national
Median Home Value $93,800 below average

How Franklin city Compares

Economy & Housing

Employment

2.8% Unemployment Rate State: 3.0% | National: 5.2%
51.9% Labor Force Participation

Housing Overview

Owner 81.7%
Renter 18.3%
Affordability Index Very Affordable
1.8x home value to income ratio

People & Demographics

Diversity Index

20out of 100
Very Low Diversity

A less diverse community where one racial or ethnic group represents a large majority.

State average: 40 | National average: 60

Education

Franklin city Rankings in Nebraska

#133 Population of 584
#419 Median Income of 584
#383 Education of 584
#316 Home Value of 584

Cities Similar to Franklin city

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

CityPopulationMedian IncomeHome ValueBachelor's+Poverty
Rushville city890$49,250$82,50021.9%11.9%
Emerson village912$58,125$100,7005.4%13.1%
Newman Grove city934$57,000$82,50010.4%14.7%
Loup City city988$50,625$101,50020.4%9.9%
Laurel city947$56,250$152,50037.8%14.9%

Population Overview

Franklin city is a small community located in Nebraska, within Franklin County. The total population is 908. It ranks as the 133rd most populous out of 584 cities and towns in Nebraska.

Age Demographics

The median age in Franklin city is 48.8 years. This is 32% higher than the state median of 37.1 years. 17.9% 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 $51,121. This is 32% lower than the state median of $74,985. Compared to the national median of $78,538, household income here is 35% lower. The poverty rate stands at 13.1%. This is 27% higher than the state poverty rate of 10.3%. The unemployment rate is 2.8%. This is 6% lower than the state rate of 3.0%. The median home value is $93,800. Housing costs are 58% lower than the state median of $223,800. With a home-value-to-income ratio of just 1.8x, Franklin city is one of the most affordable housing markets in the area. 81.7% of occupied housing units are owner-occupied. This homeownership rate is 23% higher than the state average of 66.5%.

Race & Ethnicity

Franklin city has a predominantly White (non-Hispanic) population, comprising 89.0% of all residents. Hispanic or Latino residents account for 5.0%. The Black or African American population (0.2%) is well below the state average of 4.6%. The Hispanic or Latino population (5.0%) is well below the state average of 12.3%.

Education

14.9% of residents aged 25 and older hold a bachelor's degree or higher. This is 56% lower than the state rate of 34.1%. Nationally, 35.0% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 93.3%.

Data Sources & Methodology

All demographic data for Franklin city, Nebraska 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 Nebraska state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 584 Census-designated places in Nebraska. For official data, visit data.census.gov.

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Frequently Asked Questions

What is the population of Franklin city, Nebraska?

Franklin city, Nebraska has a population of 908 according to the most recent U.S. Census ACS 5-Year Estimates.

What is the median household income in Franklin city, NE?

The median household income in Franklin city is $51,121, which is 35% lower the national median of $78,538.

What is the poverty rate in Franklin city, NE?

The poverty rate in Franklin city is 13.1%. This means approximately 114 residents live below the federal poverty line.

What is the racial makeup of Franklin city, Nebraska?

Franklin city's population is 89.0% White, 0.2% Black, 5.0% Hispanic/Latino, and 0.0% Asian.

What is the median home value in Franklin city, NE?

The median home value in Franklin city is $93,800. The home-value-to-income ratio is 1.8x.

How educated is Franklin city, Nebraska?

14.9% of adults (25+) in Franklin city hold a bachelor's degree or higher, and 7.0% hold a graduate or professional degree.