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Franklin city, Texas Demographics & Population 2026

As of 2026, Franklin city, Texas has a total population of 1,498, the 850th largest city in Texas, with a median household income of $54,688, which is 28% lower than the state average. The poverty rate is 22.5%.

Franklin city Quick Facts

Population 1,498
Median Household Income $54,688
Median Home Value $171,000
Poverty Rate 22.5%
Unemployment Rate 7.4%
Median Age 36.6 years
Homeownership Rate 49.0%
Affordability Ratio 3.1x
Bachelor's Degree or Higher 20.1%
High School Graduation Rate 90.7%
Diversity Index 49/100
Population 1,498 850th of 1,800
Median Income $54,688 below average
Poverty Rate 22.5% 81% higher national
Median Home Value $171,000 average

How Franklin city Compares

Economy & Housing

Employment

7.4% Unemployment Rate State: 5.1% | National: 5.2%
51.9% Labor Force Participation

Housing Overview

Owner 49.0%
Renter 51.0%
Affordability Index Affordable
3.1x home value to income ratio

People & Demographics

Diversity Index

49out of 100
Moderate Diversity

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

State average: 67 | National average: 60

Education

Franklin city Rankings in Texas

#850 Population of 1,800
#1017 Median Income of 1,800
#722 Education of 1,800
#694 Home Value of 1,800

Cities Similar to Franklin city

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

CityPopulationMedian IncomeHome ValueBachelor's+Poverty
Ralls city1,524$56,438$63,3009.0%20.0%
Westwood Shores CDP1,561$54,375$173,70026.5%3.4%
Munday city1,478$58,311$56,00016.7%9.8%
Lexington town1,493$59,821$186,1006.6%14.3%
Archer City city1,453$58,607$125,60020.9%19.2%

Population Overview

Franklin city is a small community located in Texas. The total population is 1,498. It ranks as the 850th most populous out of 1,800 cities and towns in Texas.

Age Demographics

The median age in Franklin city is 36.6 years. This is 3% higher than the state median of 35.5 years.

Economy, Income & Housing

The median household income in Franklin city is $54,688. This is 28% lower than the state median of $76,292. Compared to the national median of $78,538, household income here is 30% lower. The poverty rate stands at 22.5%. This is 63% higher than the state poverty rate of 13.8%. With more than one in five residents living below the poverty line, economic hardship is a significant challenge for the community. The unemployment rate is 7.4%. This is 44% higher than the state rate of 5.1%. The median home value is $171,000. Housing costs are 34% lower than the state median of $260,400. The home-value-to-income ratio is 3.1x. 49.0% of occupied housing units are owner-occupied. This homeownership rate is 22% lower than the state average of 62.6%.

Race & Ethnicity

The largest racial or ethnic group in Franklin city is White (non-Hispanic), making up 67.0% of the population. Black or African American residents account for 23.7%. The White (non-Hispanic) population is significantly higher than the state average (67.0% vs 39.9%). The Black or African American population is significantly higher than the state average (23.7% vs 11.9%). The Hispanic or Latino population (5.5%) is well below the state average of 39.5%.

Education

20.1% of residents aged 25 and older hold a bachelor's degree or higher. This is 39% lower than the state rate of 33.1%. Nationally, 35.0% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 90.7%.

Data Sources & Methodology

All demographic data for Franklin city, Texas 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 Texas state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 1,800 Census-designated places in Texas. For official data, visit data.census.gov.

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Frequently Asked Questions

What is the population of Franklin city, Texas?

Franklin city, Texas has a population of 1,498 according to the most recent U.S. Census ACS 5-Year Estimates.

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

The median household income in Franklin city is $54,688, which is 30% lower the national median of $78,538.

What is the poverty rate in Franklin city, TX?

The poverty rate in Franklin city is 22.5%. This means approximately 309 residents live below the federal poverty line.

What is the racial makeup of Franklin city, Texas?

Franklin city's population is 67.0% White, 23.7% Black, 5.5% Hispanic/Latino, and 0.0% Asian.

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

The median home value in Franklin city is $171,000. The home-value-to-income ratio is 3.1x.

How educated is Franklin city, Texas?

20.1% of adults (25+) in Franklin city hold a bachelor's degree or higher, and 4.1% hold a graduate or professional degree.