The median household income in Franklin, MI in 2022 was $174,269, which was 61.6% greater than the median annual income of $66,986 across the entire state of Michigan. Compared to the median income of $124,014 in 2000 this represents an increase of 28.8%. The per capita income in 2022 was $112,864, which means an increase of 37.1% compared to 2000 when it was $71,033.
Whole page based on the data from 2000 / 2022 when the population of Franklin, Michigan was 2,937 / 2,647
Income statistics for all residents
Median household income in Franklin, MI in 2022:
Franklin:
$174,270
State:
$66,986
Change in median household income between 2000 and 2022:
Franklin, Michigan:
+40.5%
State:
+50.0%
Number of households with income < $10k:
Franklin:
2.3% (24)
Michigan:
5.7% (231,223)
Number of households with income $10k - 20k:
Franklin:
1.6% (17)
State:
7.5% (306,955)
Number of households with income $20k - 30k:
Franklin:
1.0% (11)
State:
7.9% (324,153)
Number of households with income $30k - 40k:
Franklin:
3.1% (33)
Michigan:
8.3% (341,408)
Number of households with income $40k - 50k:
Franklin:
0.8% (8)
Michigan:
7.9% (322,255)
Number of households with income $50k - 60k:
Franklin:
1.4% (15)
State:
7.5% (305,914)
Number of households with income $60k - 75k:
Franklin:
4.8% (50)
State:
10.1% (414,440)
Number of households with income $75k - 100k:
Franklin:
6.1% (64)
State:
13.2% (538,299)
Number of households with income $100k - 125k:
Franklin:
7.6% (80)
State:
9.7% (396,282)
Number of households with income $125k - 150k:
Franklin:
10.5% (110)
State:
6.7% (273,144)
Number of households with income $150k - 200k:
Franklin:
14.6% (153)
Michigan:
7.5% (305,077)
Number of households with income > $200k:
Franklin:
46.1% (484)
Michigan:
8.1% (330,644)
Aggregate household income in Franklin in 2022: $295,404,616
Median family income in Franklin in 2022:
Franklin:
$179,616
State:
$85,865
Number of families with income < $10k:
Franklin:
1.8% (14)
Michigan:
3.5% (89,010)
Number of families with income $10k - 20k:
Franklin:
2.0% (16)
Michigan:
3.9% (100,567)
Number of families with income $30k - 40k:
Franklin:
2.1% (17)
State:
6.4% (163,565)
Number of families with income $40k - 50k:
Franklin:
1.0% (8)
Michigan:
6.8% (172,384)
Number of families with income $50k - 60k:
Franklin:
2.0% (16)
State:
7.1% (179,870)
Number of families with income $60k - 75k:
Franklin:
1.6% (13)
State:
10.3% (263,723)
Number of families with income $75k - 100k:
Franklin:
5.9% (48)
Michigan:
15.0% (383,364)
Number of families with income $100k - 125k:
Franklin:
8.6% (70)
State:
11.8% (301,751)
Number of families with income $125k - 150k:
Franklin:
10.4% (84)
State:
8.6% (220,338)
Number of families with income $150k - 200k:
Franklin:
15.9% (129)
Michigan:
10.2% (259,462)
Number of families with income > $200k:
Franklin:
48.6% (395)
Michigan:
11.3% (287,206)
Median non-family income in Franklin in 2022:
Franklin:
$135,940
State:
$40,459
Median per capita income in Franklin in 2022:
Franklin:
$112,864
Michigan:
$38,151
Change in median per capita income between 2000 and 2022:
Franklin, Michigan:
+58.9%
State:
+72.1%
Income statistics for White residents
Median household income in Franklin, MI in 2022:
Franklin:
$203,492
Michigan:
$71,609
Change in median household income between 2000 and 2022:
Franklin, Michigan:
+61.6%
State:
+52.9%
Number of households with income < $10k:
Franklin:
2.6% (21)
State:
4.4% (140,440)
Number of households with income $10k - 20k:
Franklin:
0.6% (5)
State:
6.5% (205,547)
Number of households with income $20k - 30k:
Franklin:
1.2% (10)
State:
7.6% (242,254)
Number of households with income $30k - 40k:
Franklin:
4.3% (35)
State:
8.1% (257,175)
Number of households with income $40k - 50k:
Franklin:
1.0% (8)
State:
7.8% (246,839)
Number of households with income $50k - 60k:
Franklin:
1.8% (15)
Michigan:
7.4% (233,723)
Number of households with income $60k - 75k:
Franklin:
5.4% (44)
State:
10.4% (328,664)
Number of households with income $75k - 100k:
Franklin:
5.9% (48)
State:
13.6% (431,867)
Number of households with income $100k - 125k:
Franklin:
6.1% (50)
State:
10.3% (325,164)
Number of households with income $125k - 150k:
Franklin:
6.1% (50)
State:
7.1% (226,232)
Number of households with income $150k - 200k:
Franklin:
13.8% (113)
Michigan:
8.1% (255,445)
Number of households with income > $200k:
Franklin:
51.2% (418)
State:
8.7% (276,727)
Aggregate household income in Franklin in 2022: $249,626,922
Median family income in Franklin in 2022:
Franklin:
$214,225
State:
$90,317
Number of families with income < $10k:
Franklin:
2.1% (13)
Michigan:
2.5% (49,508)
Number of families with income $10k - 20k:
Franklin:
0.5% (3)
State:
3.2% (64,106)
Number of families with income $30k - 40k:
Franklin:
3.1% (19)
State:
5.9% (117,356)
Number of families with income $40k - 50k:
Franklin:
1.2% (7)
Michigan:
6.4% (127,491)
Number of families with income $50k - 60k:
Franklin:
2.5% (15)
State:
6.8% (135,883)
Number of families with income $60k - 75k:
Franklin:
2.1% (13)
Michigan:
10.5% (209,130)
Number of families with income $75k - 100k:
Franklin:
5.4% (33)
State:
15.5% (309,815)
Number of families with income $100k - 125k:
Franklin:
6.9% (42)
Michigan:
12.4% (248,235)
Number of families with income $125k - 150k:
Franklin:
4.2% (25)
State:
9.2% (182,895)
Number of families with income $150k - 200k:
Franklin:
16.5% (100)
Michigan:
11.0% (218,573)
Number of families with income > $200k:
Franklin:
55.4% (336)
State:
12.0% (239,713)
Median non-family income in Franklin in 2022:
Franklin:
$133,388
State:
$42,438
Change in median non-family income between 2000 and 2022:
Franklin, Michigan:
+147.0%
Michigan:
+56.8%
Median per capita income in Franklin in 2022:
Franklin:
$133,336
State:
$41,514
Change in median per capita income between 2000 and 2022:
Franklin, Michigan:
+79.4%
State:
+75.2%
Income statistics for Black or African American residents
Median household income in Franklin, MI in 2022:
Franklin:
$140,325
Michigan:
$42,056
Change in median household income between 2000 and 2022:
Franklin, Michigan:
+22.1%
Michigan:
+35.4%
Number of households with income < $10k:
Franklin:
0.0% (0)
State:
12.7% (66,307)
Number of households with income $10k - 20k:
Franklin:
11.5% (14)
State:
14.2% (73,877)
Number of households with income $20k - 30k:
Franklin:
0.0% (0)
Michigan:
10.2% (52,930)
Number of households with income $30k - 40k:
Franklin:
0.0% (0)
Michigan:
10.3% (53,542)
Number of households with income $40k - 50k:
Franklin:
0.0% (0)
State:
9.1% (47,110)
Number of households with income $50k - 60k:
Franklin:
0.0% (0)
State:
8.1% (41,969)
Number of households with income $60k - 75k:
Franklin:
0.0% (0)
State:
9.0% (46,784)
Number of households with income $75k - 100k:
Franklin:
10.7% (13)
Michigan:
9.7% (50,718)
Number of households with income $100k - 125k:
Franklin:
19.7% (24)
State:
6.7% (34,802)
Number of households with income $125k - 150k:
Franklin:
37.7% (46)
State:
4.1% (21,083)
Number of households with income $150k - 200k:
Franklin:
0.0% (0)
Michigan:
3.4% (17,885)
Number of households with income > $200k:
Franklin:
20.5% (25)
State:
2.6% (13,430)
Aggregate household income in Franklin in 2022: $17,034,364
Median family income in Franklin in 2022:
Franklin:
$135,980
State:
$54,772
Number of families with income $10k - 20k:
Franklin:
10.8% (13)
State:
8.5% (24,358)
Number of families with income $75k - 100k:
Franklin:
12.3% (14)
State:
12.3% (35,116)
Number of families with income $100k - 125k:
Franklin:
16.4% (19)
Michigan:
8.8% (25,333)
Number of families with income $125k - 150k:
Franklin:
43.2% (50)
Michigan:
5.5% (15,757)
Number of families with income > $200k:
Franklin:
17.4% (20)
State:
3.9% (11,157)
Median per capita income in Franklin in 2022:
Franklin:
$49,801
State:
$25,207
Change in median per capita income between 2000 and 2022:: -10.8%
Franklin, Michigan:
-10.8%
State:
+60.4%
Income statistics for Asian residents
Median household income in Franklin, MI in 2022:
Franklin:
$184,479
State:
$101,652
Change in median household income between 2000 and 2022:
Franklin, Michigan:
+54.8%
Michigan:
+75.4%
Number of households with income < $10k:
Franklin:
0.0% (0)
Michigan:
5.4% (6,241)
Number of households with income $10k - 20k:
Franklin:
0.0% (0)
State:
3.3% (3,891)
Number of households with income $20k - 30k:
Franklin:
0.0% (0)
Michigan:
4.9% (5,669)
Number of households with income $30k - 40k:
Franklin:
0.0% (0)
State:
4.8% (5,590)
Number of households with income $40k - 50k:
Franklin:
0.0% (0)
Michigan:
4.6% (5,395)
Number of households with income $50k - 60k:
Franklin:
0.0% (0)
Michigan:
6.0% (7,014)
Number of households with income $60k - 75k:
Franklin:
0.0% (0)
State:
7.4% (8,566)
Number of households with income $75k - 100k:
Franklin:
0.0% (0)
Michigan:
12.4% (14,398)
Number of households with income $100k - 125k:
Franklin:
1.4% (1)
Michigan:
10.0% (11,621)
Number of households with income $125k - 150k:
Franklin:
31.0% (22)
Michigan:
8.6% (9,986)
Number of households with income $150k - 200k:
Franklin:
36.6% (26)
Michigan:
12.4% (14,400)
Number of households with income > $200k:
Franklin:
31.0% (22)
Michigan:
20.4% (23,760)
Aggregate household income in Franklin in 2022: $15,170,224
Median family income in Franklin in 2022:
Franklin:
$178,884
Michigan:
$126,624
Number of families with income $100k - 125k:
Franklin:
1.5% (1)
State:
10.8% (9,031)
Number of families with income $125k - 150k:
Franklin:
36.0% (21)
State:
9.8% (8,189)
Number of families with income $150k - 200k:
Franklin:
25.0% (15)
State:
14.6% (12,200)
Number of families with income > $200k:
Franklin:
37.4% (22)
State:
26.2% (21,872)
Median per capita income in Franklin in 2022:
Franklin:
$89,582
State:
$48,128
Change in median per capita income between 2000 and 2022:
Franklin, Michigan:
+122.7%
State:
+95.8%
Income statistics for Hispanic or Latino residents
Median household income in Franklin, MI in 2022:
Franklin:
$255,572
State:
$62,497
Change in median household income between 2000 and 2022:
Franklin, Michigan:
+133.0%
Michigan:
+62.4%
Number of households with income < $10k:
Franklin:
0.0% (0)
State:
6.0% (10,028)
Number of households with income $10k - 20k:
Franklin:
0.0% (0)
State:
6.5% (10,959)
Number of households with income $20k - 30k:
Franklin:
0.0% (0)
State:
9.1% (15,369)
Number of households with income $30k - 40k:
Franklin:
0.0% (0)
State:
7.9% (13,373)
Number of households with income $40k - 50k:
Franklin:
0.0% (0)
State:
9.1% (15,369)
Number of households with income $50k - 60k:
Franklin:
0.0% (0)
State:
8.9% (14,990)
Number of households with income $60k - 75k:
Franklin:
15.4% (6)
State:
11.5% (19,325)
Number of households with income $75k - 100k:
Franklin:
0.0% (0)
State:
14.9% (25,158)
Number of households with income $100k - 125k:
Franklin:
7.7% (3)
Michigan:
8.8% (14,758)
Number of households with income $125k - 150k:
Franklin:
0.0% (0)
State:
5.3% (8,915)
Number of households with income $150k - 200k:
Franklin:
0.0% (0)
State:
6.7% (11,249)
Number of households with income > $200k:
Franklin:
76.9% (30)
Michigan:
5.3% (8,978)
Aggregate household income in Franklin in 2022: $15,725,464
Median family income in Franklin in 2022:
Franklin:
$210,978
State:
$69,994
Number of families with income $100k - 125k:
Franklin:
10.1% (3)
Michigan:
9.7% (10,644)
Number of families with income > $200k:
Franklin:
89.9% (30)
State:
6.7% (7,361)
Median per capita income in Franklin in 2022:
Franklin:
$96,432
Michigan:
$25,462
Change in median per capita income between 2000 and 2022:
Franklin, Michigan:
+49.7%
State:
+83.3%
Income statistics for Multirace residents
Median household income in Franklin, MI in 2022:
Franklin:
$147,245
State:
$63,251
Change in median household income between 2000 and 2022:: -26.4%
Franklin, Michigan:
-26.4%
State:
+82.6%
Number of households with income < $10k:
Franklin:
0.0% (0)
Michigan:
6.1% (12,463)
Number of households with income $10k - 20k:
Franklin:
0.0% (0)
State:
8.7% (17,830)
Number of households with income $20k - 30k:
Franklin:
0.0% (0)
State:
7.6% (15,686)
Number of households with income $30k - 40k:
Franklin:
0.0% (0)
State:
9.5% (19,444)
Number of households with income $40k - 50k:
Franklin:
0.0% (0)
Michigan:
7.5% (15,476)
Number of households with income $50k - 60k:
Franklin:
0.0% (0)
State:
8.1% (16,622)
Number of households with income $60k - 75k:
Franklin:
18.6% (8)
State:
10.6% (21,725)
Number of households with income $75k - 100k:
Franklin:
0.0% (0)
State:
14.4% (29,501)
Number of households with income $100k - 125k:
Franklin:
20.9% (9)
Michigan:
8.9% (18,231)
Number of households with income $125k - 150k:
Franklin:
0.0% (0)
State:
5.8% (11,923)
Number of households with income $150k - 200k:
Franklin:
39.5% (17)
State:
6.8% (13,956)
Number of households with income > $200k:
Franklin:
20.9% (9)
State:
6.2% (12,672)
Aggregate household income in Franklin in 2022: $9,722,902
Median family income in Franklin in 2022:
Franklin:
$140,434
Michigan:
$75,671
Number of families with income $100k - 125k:
Franklin:
30.0% (9)
State:
11.1% (14,794)
Number of families with income $150k - 200k:
Franklin:
42.3% (13)
State:
7.9% (10,475)
Number of families with income > $200k:
Franklin:
27.7% (8)
State:
8.5% (11,351)
Median per capita income in Franklin in 2022:
Franklin:
$58,488
State:
$26,098
Income statistics for other residents
Aggregate household income in Franklin in 2022: $840,395
Median per capita income in Franklin in 2022:
Franklin:
$19,666
Michigan:
$27,114
Change in median per capita income between 2000 and 2022:
Franklin, Michigan:
+80.7%
Michigan:
+104.6%
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