Area type of a place is calculated based on population density, home ownership, and proximity to various amenties
Franklin Township, IN
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About Franklin Township
Franklin is a suburb in the Richmond Metro Area and in the Wayne County. It has a population of 1,267 and a population density of 53, which is 43% below the national average. It has a median age of 41, which is same as the Richmond Metro median age and 3 years above the national average.
Franklin has a median home value of $218,000, which is 54% above the Metro average.The average rent of $964 is 29% above the metro average rent and 9% below the national average rent. The average household income in Franklin is $66,029 , which is 28% above the Metro average household income and 2% above the national average of household income.
The average school rating in Franklin is 5..
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Franklin Township Zip Code
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Demographics
Franklin Township's population is made up of 62% married, 22% single, 11% divorced and 5% widowed. Baby Boomers make up the largest percentage of the population at 34%, while Millennials have the second largest segment at 17%. Homeowners make up 90% of the population in Franklin Township.
- 51% Male
- 49% Female
Employment
The Per Capita income in Franklin Township is $37,210. The Median Household Income is $65,417