Crime
The crime rate is far lower than the national average per 100,000 residents. As such, it should be considered a very safe place to live when compared to other areas.
Employment
This area excels in the employment category with a score well above average, primarily due to the higher median home income, per capita income and low unemployment rates.
Housing
High scores in the housing category are attributed to this area, possibly pointing to a favorable home affordability ratio, robust appreciation rates or elevated home values.
Amenities
A large portion of amenities are not ideally situated within walking distance, potentially requiring residents to utilize a vehicle or public transportation.
Cost Of Living
The cost of living in this area is notably high, making it a more expensive place to live. You'll find higher expenses for everyday goods and services, housing and groceries.
Franklin, Michigan is a small-sized city with a population of 2,877 residents. According to the most recent Census, 77% of Franklin residents are White, 11% Black and 5% Asian. If finding a family friendly city is important to you, look no further. With more than 74% of the population considered married and 39% with kids under the age of 18, Franklin could be considered a very suitable city for families.
Whether you’re moving to a new city to be closer to family, friends or for a new job, living in Franklin could be a positive experience compared to other cities in Michigan if you know where to look. Don't forget to determine what matters most to you in a neighborhood. Consider factors such as safety, proximity to work or school, access to amenities (like parks, fitness facilities, grocery stores, restaurants), public transportation options, community atmosphere and the overall vibe you're looking for. The best areas in Franklin and in surrounding cities are easier to find when you are able to make informed decisions. Using data from amenities, crime, commute, health & safety, housing, you will see a detailed breakdown of the most important information as well as comparisons to the Michigan and national averages.
Franklin, MI receives 72/100 for its livability score; this results in a ranking of #195 in Michigan and #4,579 in the USA. Based on the scores for each individual category, Franklin has been rewarded with high marks for crime (A+), education (B) and housing (A+). There is at least one category that you should be aware of in Franklin. The following was graded with a concerning score: amenities (F) and cost of living (F).
Low rates of violent crime, encompassing offenses such as murder, rape, robbery and assault, contribute significantly to a safer living environment. This reduction in crime minimizes the chances of personal harm, property theft, or violent incidents. Furthermore, low crime rates can have a positive impact on property values and the overall desirability of an area. There were 96 crimes per 100,000 residents, which signifies that Franklin boasts an impressively low violent crime rate that falls well below the national average.
Unemployment rates can vary significantly among cities, impacting job prospects, wage levels and the overall economic health of an area. In Franklin, the unemployment rate stands at 2.03%, suggesting increased job opportunities and a heightened demand for workers. This scenario can lead to higher wages, as the demand for employees outpaces job availability. Importantly, a low unemployment rate often signifies a robust and flourishing local economy.
A robust real estate market serves as a crucial economic indicator, reflecting the local area's strength, stability and the confidence of its residents. Franklin excels in the housing sector, scoring high marks based on factors such as median home and rental prices, appreciation rates and home affordability. These calculations suggest that the apartment rental and real estate market in the region is exceptionally healthy, highlighting the area's economic vitality and attractiveness to potential homebuyers and renters.
Assuming that Franklin meets all of your requirements like low crime rates, good schools and great local amenities, the next most important item to examine is the affordability of real estate in Franklin. Everything else becomes a lot less important if it turns out that home prices in Franklin are simply unattainable. Median real estate prices in Franklin come in at $595,400, which is 365.9% higher than the Michigan average. The home price to income ratio compares the median home prices to the median household income. In Franklin, the home price to income ratio is 3.8, which is 52% higher than the Michigan average.
| Statistic | Franklin | Michigan | National |
| Average one way commute | 22min | 24min | 26min |
| Workers who drive to work | 79.1% | 82.5% | 76.4% |
| Workers who carpool | 3.8% | 8.8% | 9.3% |
| Workers who take public transit | 0.0% | 1.4% | 5.1% |
| Workers who bicycle | 0.0% | 0.5% | 0.6% |
| Workers who walk | 3.7% | 2.2% | 2.8% |
| Working from home | 12.9% | 3.7% | 4.6% |
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