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2 Floor Plans
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Living In Franklin, TX
Franklin is a small town in Texas with a population of slightly less than 2,000. Families with children are commonplace, as kids aged 5-14 account for an above-average 24% of the population, though retirees also feature prominently in the demographics. Renters tend to be in the minority in Franklin, and 61% of residents own their homes. Renting remains an affordable option, though, as the town boasts a relatively low average rent of $723/month. Over the course of a year, renters in Franklin will save around $3,700 compared to the state average.
Many Franklin residents work in one of two industries: education and agriculture. Combined, these industries make up 12% of the town's labor force. Meanwhile, looking at job function, many residents work in construction, making it the top field in the town. Franklin workers take home an average annual income of almost $64,000, around $9,000 less than the state average. The town's average income also falls below the national average ($73,345). Franklin has a relatively high percentage of residents older than 25 who have earned a high school degree or equivalent (22%) compared to the national average. In addition, 8% possess a Bachelor's, Master's, Professional, or Doctoral degree.
With an average commute time of about 19 minutes, shorter than most cities in the state, Franklin residents know that it isn't overly time-consuming to travel to work. Driving is the typical way to get to work, opted for by 35% of residents, while public transit isn't used. Walking (3%) isn't a common means of commuting to work, though the number does exceed the national average.
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