Franklin, NY Profile: Facts & Data

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Franklin, New York - Basic Facts

The Village of Franklin had a population of 333 as of July 1, 2019. Franklin ranks in the lower quartile for Diversity Index when compared to the other cities, towns and Census Designated Places (CDPs) in New York. See peer rankings below.

The primary coordinate point for Franklin is located at latitude 42.3406 and longitude -75.1652 in Delaware County. The formal boundaries for the Village of Franklin encompass a land area of 0.34 sq. miles and a water area of 0.01 sq. miles. Delaware County is in the Eastern time zone (GMT -5). The elevation is 1,234 feet.

The Village of Franklin (GNIS ID: 2390849) has a C1 Census Class Code which indicates an active incorporated place that does not serve as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

The Village of Franklin is located within Town of Franklin, a minor civil division (MCD) of Delaware County.


Jump to... (On This Page!)
  1. Franklin 2019 Demographic Data
  2. Growth Rates for Franklin (Historical & 5-Year Forecast)
  3. Peer Comparisons (Rank and Percentile)
  1. Neighborhoods Demographics (Home Values, Household Income, etc.)
  2. New York Research Tools (Easy Tools & Current Data)
  3. New York Data Comparison Tool - 2019 Demographics

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Boundary Maps, Demographic Data, School Zones Review maps and data for the neighborhood, city, county, ZIP Code, and school zone. July 1, 2019, data includes home values, household income, percentage of homes owned, rented or vacant, etc.


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Franklin, NY Data & Demographics (As of July 1, 2019)

HOUSING AFFORDABILITY INDEX

Franklin, NY Housing Affordability Index is 210
State of New York Housing Affordability Index is 85
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.

WEALTH INDEX

Franklin, NY Wealth Index is 77
State of New York Wealth Index is 109
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.

These new demographic attributes are availiable for cities, Counties, ZIP Codes and even neighborhoods (Census Blocks) when you search by a specific New York address.

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  2. References & Data Sources page for more information about methodology and sources of data.

POPULATION

Total Population 333
Population in Households 330
Population in Familes 267
Population in Group Qrtrs 3
Population Density 983
Diversity Index1 11
 

INCOME

Median Household Income $60,556
Average Household Income $73,010
Per Capita Income $29,972
Wealth Index3 77

HOUSING

Total Housing Units 201 (100%)
Owner Occupied HU 103 (51.2%)
Renter Occupied HU 34 (16.9%)
Vacant Housing Units 65 (32.3%)
Median Home Value $141,667
Housing Affordability Index2 210
 

HOUSEHOLDS

Total Households 136
Average Household Size 2.43
Family Households 95
Average Family Size 3
NOTES
  1. 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.
  2. The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
  3. The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.

GROWTH RATE / YEAR

2010-2019 2019-2024
Population -1.25% -1.36%
Households -1.27% -1.21%
Families -0.77% -1.52%
Median Household Income   1.02%
Per Capita Income   1.86%

Franklin, NY - Peer Comparisons by Rank and Percentile

The table below compares Franklin to the other 1,195 incorporated cities, towns and CDPs in New York by rank and percentile using July 1, 2019 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 # 1115 7th
Population Density # 700 42nd
Diversity Index # 983 17th
Median Household Income # 630 47th
Per Capita Income # 696 42nd

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

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