Franklin, MN Profile: Facts, Map & Data

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Franklin, Minnesota - Basic Facts

The City of Franklin had a population of 478 as of July 1, 2017. Franklin ranks in the upper quartile for Diversity Index when compared to the other cities, towns and Census Designated Places (CDPs) in Minnesota. See peer rankings below.

The primary coordinate point for Franklin is located at latitude 44.531 and longitude -94.8851 in Renville County. The formal boundaries for the City of Franklin (see map below) encompass a land area of 1.08 sq. miles and a water area of 0 sq. miles. Renville County is in the Central time zone (GMT -6). The elevation is 1,010 feet.

The City of Franklin (GNIS ID: 2394809) 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.

Beneath the boundary map are tables with Franklin population, income and housing data, five-year growth projections and peer comparisons for key demographic data. The estimates are for July 1, 2017.

Alternate Unofficial Names for Franklin: City of Franklin.


Neighborhood Data

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City of Franklin, MN Boundary Map



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Franklin, MN Data & Demographics (As of July 1, 2017)

POPULATION

Total Population 478
Daytime Population: Workers 199
Daytime Population: Residents 224
Total Daytime Population (TDP) 423
Ratio TDP/Total Population1 0.88
Population in Households 445
Population in Familes 339
Population in Group Qrtrs 33
Population Density2 441
Diversity Index3 26
 

INCOME

Median Household Income $40,390
Average Household Income $60,087
Per Capita Income $25,733

HOUSING

Total Housing Units 216 (100%)
Owner Occupied HU 145 (67.1%)
Renter Occupied HU 49 (22.7%)
Vacant Housing Units 22 (10.2%)
Median Home Value $83,984
Average Home Value $120,455
 

HOUSEHOLDS

Total Households 194
Average Household Size 2.29
Family Households 115
Average Family Size 3
NOTES
  1. If the ratio of the TDP to Total Population is greater than 1, the location gains population during the day when commuting workers are present. If the ratio is less than 1, the location is more of a bedroom community where people commute to another place for work.
  2. Population Density = Total Population per square mile.
  3. The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different race or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.

GROWTH RATE / YEAR

2010-2017 2017-2022
Population -0.89% -1.16%
Households -0.89% -1.16%
Families -0.59% -1.43%
Median Household Income   6.78%
Per Capita Income   3.82%

Franklin, MN - Peer Comparisons by Rank and Percentile

The table below compares Franklin to the other 905 incorporated cities, towns and CDPs in Minnesota by rank and percentile using July 1, 2017 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 # 514 43rd
Population Density # 528 42nd
Diversity Index # 199 78th
Median Household Income # 812 10th
Per Capita Income # 664 27th

Additional comparisons and rankings can be made with a VERY EASY TO USE Minnesota Census Data Comparison Tool.

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