Franklin is a city located in Renville County, Minnesota. Franklin has a 2026 population of 525. Franklin is currently growing at a rate of 0.96% annually and its population has increased by 5.63% since the most recent census, which recorded a population of 497 in 2020.
The median household income in Franklin is $51,500 with a poverty rate of 16.12%. The median age in Franklin is 38.8 years: 41.3 years for males, and 37.7 years for females. For every 100 females there are 110.4 males.
Data after 2023 is projected based on recent change
Overall: 38.8 years
Female: 37.7 years
Male: 41.3 years
There are 390 adults, (107 of whom are seniors) in Franklin.
Female: 250 (47.5%)
Male: 276 (52.5%)
The racial composition of Franklin includes 80.8% White, 8.37% other race, 5.51% Asian, and smaller percentages for Black or African American, Native American and multiracial populations.
| Race | Population ↓ | Percentage (of total) |
|---|---|---|
| White | 425 | 80.8% |
| Other race | 44 | 8.37% |
| Asian | 29 | 5.51% |
| Two or more races | 17 | 3.23% |
| Black or African American | 10 | 1.9% |
| Native American | 1 | 0.19% |
Franklin 's average per capita income is $32,212. Household income levels show a median of $51,500. The poverty rate stands at 16.12%.
| Name | Median ↓ | Mean |
|---|---|---|
| Married Families | $91,250 | - |
| Families | $78,750 | $82,579 |
| Households | $51,500 | $70,590 |
| Non Families | $41,250 | $54,883 |
Average Income
Median Household Income
Poverty Rate