Franklin

Population: 554
Median household income: $66,250
Median home value: $103,300

Franklin is a community in Morgan County, Illinois, home to 554 residents. At $66,250, its median household income sits in line with Morgan County's $65,175.

Between 2019 and 2023, Franklin's population declined 1.9% from 565 to 554, while its median home value rose 12.4% from $91,900 to $103,300.

The typical home was built around 1965. 7.3% of residents live below the poverty line.

Demographics

ACS 2019–2023

Population: 554
Median age: 36.3 yrs
Median household income: $66,250
Median home value: $103,300
Median gross rent: $915
Housing units: 236
Homeownership rate: 68.8%
Bachelor's degree or higher: 23.4%
Unemployment rate: 2.4%

Trends

ACS 5-year · 2019–2023

Population

565554

Median household income

$65,962$66,250

Median home value

$91,900$103,300

Median gross rent

$775$915

Year	Population	Median household income	Median home value	Median gross rent
2019	565	$65,962	$91,900	$775
2020	624	$67,500	$90,800	$779
2021	680	$68,393	$93,500	$808
2022	628	$62,813	$98,900	$906
2023	554	$66,250	$103,300	$915

Each year is a US Census Bureau ACS 5-year estimate ending that year.

Age distribution

Under 57.2%

5 to 1720.8%

18 to 2411.0%

25 to 349.2%

35 to 449.0%

45 to 5414.6%

55 to 6411.2%

65 to 749.9%

75 and over7.0%

	Count	Share
Under 5	40	7.2%
5 to 17	115	20.8%
18 to 24	61	11.0%
25 to 34	51	9.2%
35 to 44	50	9.0%
45 to 54	81	14.6%
55 to 64	62	11.2%
65 to 74	55	9.9%
75 and over	39	7.0%

Race & ethnicity

	Count	Share
White (non-Hispanic)	542	97.8%
Black or African American	0	0.0%
American Indian & Alaska Native	0	0.0%
Asian	0	0.0%
Native Hawaiian & Pacific Islander	0	0.0%
Some other race	0	0.0%
Two or more races	4	0.7%
Hispanic or Latino (any race)	8	1.4%

Educational attainment (age 25+)

No high school diploma7.7%

High school graduate33.7%

Some college or associate's35.2%

Bachelor's degree13.3%

Graduate or professional degree10.1%

	Count	Share
No high school diploma	26	7.7%
High school graduate	114	33.7%
Some college or associate's	119	35.2%
Bachelor's degree	45	13.3%
Graduate or professional degree	34	10.1%

Commute to work

Mean travel time to work: 27 min

Drove alone83.5%

Carpooled0.8%

Public transit0.0%

Walked3.2%

Bicycle0.0%

Worked from home12.4%

Other means0.0%

How workers get to work

	Count	Share
Drove alone	208	83.5%
Carpooled	2	0.8%
Public transit	0	0.0%
Walked	8	3.2%
Bicycle	0	0.0%
Worked from home	31	12.4%
Other means	0	0.0%

Travel time

	Count	Share
Under 15 min	55	25.2%
15 to 29 min	82	37.6%
30 to 44 min	51	23.4%
45 to 59 min	11	5.0%
60+ min	19	8.7%

Households

Average household size: 2.66
Poverty rate: 7.3% (40 of 549)

	Count	Share
Family households	131	63.0%
Nonfamily households	77	37.0%

Housing

Median year structure built: 1965

Occupancy

	Count	Share
Occupied	208	88.1%
Vacant	28	11.9%

Tenure (of occupied units)

	Count	Share
Owner-occupied	143	68.8%
Renter-occupied	65	31.3%

1-unit, detached83.5%

1-unit, attached4.7%

2 to 4 units9.3%

5 to 19 units0.0%

20 or more units0.0%

Mobile home & other2.5%

Units in structure

	Count	Share
1-unit, detached	197	83.5%
1-unit, attached	11	4.7%
2 to 4 units	22	9.3%
5 to 19 units	0	0.0%
20 or more units	0	0.0%
Mobile home & other	6	2.5%

Geography

Place GEOID: 1727663
Type (LSAD): 47
Land area: 0.83 sq mi
Water area: 0 sq mi
Center point: 39.6205, -90.0477