Franklin Town city, MA Profile: Facts & Data

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Franklin Town city, Massachusetts - Basic Facts

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The City of Franklin Town had a population of 33,781 as of July 1, 2022.

The primary coordinate point for Franklin Town city is located at latitude 42.0862 and longitude -71.4113 in Norfolk County. The formal boundaries for the City of Franklin Town encompass a land area of 26.63 sq. miles and a water area of 0.4 sq. miles.

The City of Franklin Town has a C5 Census Class Code which indicates an active incorporated place that is independent of any county subdivision and serves as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

Alternate Unofficial Names for Franklin Town city: City of Franklin, Town of Franklin.

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  1. Franklin Town city 2022 Demographic Data
  2. Growth Rates for Franklin Town city (Historical & 5-Year Forecast)
  3. Peer Comparisons (Rank and Percentile)
  1. Neighborhoods Demographics (Home Values, Household Income, etc.)
  2. Massachusetts Research Tools (Easy Tools & Current Data)
  3. Massachusetts Data Comparison Tool - 2022 Demographics
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Franklin Town city, MA Data & Demographics (As of July 1, 2022)

POPULATION

Total Population 33,781 (100%)
Population in Households 32,511 (96.2%)
Population in Families 28,571 (84.6%)
Population in Group Quarters1 1,270 ( 3.8%)
Population Density 1,268
Diversity Index2 31
 
 

INCOME

Median Household Income $140,175
Average Household Income $177,831
% of Income for Mortgage4 20%
Per Capita Income $64,335
Wealth Index5 210
 

HOUSING

Total HU (Housing Units) 12,932 (100%)
Owner Occupied HU 9,746 (75.4%)
Renter Occupied HU 2,461 (19.0%)
Vacant Housing Units 725 ( 5.6%)
Median Home Value $539,047
Average Home Value $568,851
Housing Affordability Index3 111
 

HOUSEHOLDS

Total Households 12,207
Average Household Size 2.66
Family Households 9,028
Average Family Size 3.00
NOTES
  1. Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
  2. The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
  3. The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
  4. The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
  5. The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.

GROWTH RATE / YEAR

2020-2022 2022-2027
Population 0.69% 0.07%
Households 0.70% 0.04%
Families   0.04%
Median Household Income   2.16%
Per Capita Income   2.31%
Owner Occupied HU   0.27%

Franklin Town city, MA - Peer Comparisons by Rank and Percentile

The table below compares Franklin Town city to the other 248 incorporated cities, towns and CDPs in Massachusetts by rank and percentile using July 1, 2022 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description Rank Percentile
Total Population # 45 82nd
Population Density # 134 46th
Median Household Income # 30 88th
Housing Affordability Index # 194 78th
Per Capita Income # 65 74th
Diversity Index # 124 50th

Additional comparisons and rankings can be made with a VERY EASY TO USE Massachusetts Census Data Comparison Tool.

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