Apartments for rent in Franklin, MI

The small town of Franklin, Michigan is home to slightly more than 3,000 residents. Retirees can expect to feel right at home, as they account for 19% of the population compared to 14% nationally, while young adults are less well-represented. The majority of residents own their homes in Franklin, and 6% of residents rent. Relatively high rent costs could be playing a role, as the average rent of $1,523 a month is substantially higher than the state average of $874.

Franklin residents have an average commute of about 27 minutes. Many residents (38%) drive to work, while public transit isn't used. Walking isn't a common method of commuting to work.

If you're looking for career options, Franklin has them in spades. The four most common industries are healthcare, manufacturing, scientific, and retail. Together, these industries account for 28% of the town's workforce. Meanwhile, in terms of job function, many of the town's workers are in management, making it the top field in the town. With an average annual income of just under $143K, the fourth-highest average income of any municipality in Michigan, Franklin workers are generally well-compensated for their efforts. Franklin's average income also compares favorably to the national average of $73,345. Franklin has a large percentage of residents over the age of 25 who have advanced degrees compared to the national average (7%), as 19% have earned a Master's degree or a Doctorate. Further, 20% have a Bachelor's degree, which also outpaces the national average.