Also See Franklin, PA: ZIP Codes & Maps
The City of Franklin had a population of 5,887 as of July 1, 2023.
The primary coordinate point for Franklin is located at latitude 41.3978 and longitude -79.8314 in Venango County. The formal boundaries for the City of Franklin encompass a land area of 4.68 sq. miles and a water area of 0.13 sq. miles. Venango County is in the Eastern time zone (GMT -5).
The City of Franklin has a C5 Census Class Code which indicates an active incorporated place that is independent of any county subdivision and serves as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.
POPULATION | |
---|---|
Total Population | 5,887 (100%) |
Population in Households | 5,729 (97.3%) |
Population in Families | 4,229 (71.8%) |
Population in Group Quarters1 | 158 ( 2.7%) |
Population Density | 1,259 |
Diversity Index2 | 23 |
INCOME | |
Median Household Income | $53,096 |
Average Household Income | $72,529 |
% of Income for Mortgage4 | 12% |
Per Capita Income | $33,874 |
Wealth Index5 | 55 |
Socioeconomic Status Index6 | Moderate (48.0) |
HOUSING | |
---|---|
Total HU (Housing Units) | 3,094 (100%) |
Owner Occupied HU | 1,537 (49.7%) |
Renter Occupied HU | 1,209 (39.1%) |
Vacant Housing Units | 348 (11.2%) |
Median Home Value | $105,629 |
Average Home Value | $149,040 |
Housing Affordability Index3 | 174 |
HOUSEHOLDS | |
Total Households | 2,746 |
Average Household Size | 2.09 |
Family Households | 1,533 |
Average Family Size | 3.00 |
GROWTH RATE / YEAR |
2020-2023 | 2023-2028 |
---|---|---|
Population | -0.97% | -0.54% |
Households | -0.43% | -0.26% |
Families | -0.35% | |
Median Household Income | 1.56% | |
Per Capita Income | 2.92% | |
Owner Occupied HU | 0.16% |
The table below compares Franklin to the other 1,888 incorporated cities, towns and CDPs in Pennsylvania by rank and percentile using July 1, 2023 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.
Variable Description | Rank | Percentile |
---|---|---|
Total Population | # 216 | 89th |
Population Density | # 980 | 48th |
Median Household Income | # 1435 | 24th |
Housing Affordability Index | # 1563 | 83rd |
Per Capita Income | # 1095 | 42nd |
Diversity Index | # 803 | 57th |
Additional comparisons and rankings can be made with a VERY EASY TO USE Pennsylvania Census Data Comparison Tool.
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