Area type of a place is calculated based on population density, home ownership, and proximity to various amenties
Franklin Township, IN
Affordable
About Franklin Township
Franklin is a suburb in the Marion Metro Area and in the Grant County. It has a population of 6,805 and a population density of 191, which is 51% above the national average. It has a median age of 46, which is 6 years above the Marion Metro median age and 8 years above the national average.
Franklin has a median home value of $91,100, which is 2% below the Metro average.The average rent of $824 is 15% above the metro average rent and 22% below the national average rent, making it one of the most affordable places to live in Marion. The average household income in Franklin is $33,563 , which is 28% below the Metro average household income and 48% below the national average of household income.
The average school rating in Franklin is 4..
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Franklin Township Zip Code
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Demographics
Franklin Township's population is made up of 47% married, 23% single, 21% divorced and 9% widowed. Baby Boomers make up the largest percentage of the population at 46%, while Millennials have the second largest segment at 19%. Homeowners make up 71% of the population in Franklin Township.
- 46% Male
- 54% Female
Employment
The Per Capita income in Franklin Township is $22,149. The Median Household Income is $36,910 and the Franklin Township Unemployment Rate is 8%.