Franklin 69 Good
Franklin Livability #300 ranked city in Wisconsin#8,057 ranked city in the USARanks better than 72% of areas

Pros and Cons of Living in Franklin

PROS
  • 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.

  • Schools

    The schools category boasts a high score thanks to factors like excellent test scores, impressive graduation rates and the convenient placement of elementary and high schools in this area.

CONS
  • Amenities

    A large portion of amenities are not ideally situated within walking distance, potentially requiring residents to utilize a vehicle or public transportation.

  • Commute

    Access to public transportation in this particular area may be limited, which can result in longer-than-average commute times to reach workplaces.

  • Health & Safety

    A low health and safety score may be attributed to factors such as subpar air quality and the unavailability of certain health-related facilities like hospitals, clinics, doctors and pharmacies.

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What's it like Living in Franklin?

Franklin, Wisconsin is a mid-sized city with a population of 36,013 inhabitants. The majority of Franklin residents report their race to be White; this is followed by Black and Asian. Long commute times to work can be incredibly frustrating, ranking just behind housework on the list of life's annoyances. If you opt to make Franklin your home, your one-way commute time will typically last around 25 minutes, a duration that aligns with the national average commute time of 26 minutes.

Are you trying to ascertain if living in Franklin is the right fit for your lifestyle? To ensure a positive experience before moving to any new city in Wisconsin, you will probably want to make sure that you check all of the most important boxes. Several key factors deserve attention. For one, safety is paramount, ensuring that your new area is low in crime is key. Proximity to workplaces or schools minimizes commute times and fosters convenience. Access to essential amenities like parks, grocery stores, food, fitness, shops and healthcare facilities enhances daily life. Efficient public transportation options provide mobility and connectivity. The sense of community creates a welcoming and supportive environment. Lastly, the overall atmosphere, encompassing the vibe, aesthetics, and lifestyle offerings, contributes to a fulfilling living experience. Considering these elements helps identify the ideal neighborhood for your needs and preferences. With useful information like amenities, cost of living, commute, employment, housing and other key data points, finding the best places to live in Franklin and in the areas around Franklin is a much easier task.

Franklin has a livability score of 68/100 and is ranked #306 in Wisconsin and #8,235 in the USA. Based on the scores for each individual category, Franklin has been rewarded with high marks for crime (A+), cost of living (B-), education (B+), employment (A+) and housing (A+). On a more negative note, Franklin does not have favorable ranks for the following: amenities (F). If we take a look at the data, we can find out why.

Ensuring a sense of security is paramount for the majority of residents in any area. Low crime rates exert a positive influence on various aspects, including home prices, rates of home appreciation and the cultivation of positive community dynamics and social cohesion. In the case of Franklin, it boasts a notably low violent crime rate of 44 crimes per 100,000 residents, which significantly outperforms the national average.

The unemployment rate in Franklin has consistently declined over the years and currently stands well below the national average at 2.48%. This downward trend holds the potential to reduce poverty and inequality within the region, promote higher wage levels and stimulate greater economic growth. Such positive indicators signal the overall robust health of the local economy, offering a promising outlook for its residents and fostering an environment of financial well-being and prosperity.

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 $262,200, which is 57% higher than the Wisconsin 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 3.2, which is 3.2% higher than the Wisconsin average.

Best Places to Live in and Around Franklin

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Compare Franklin, WI Livability

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      Franklin transportation information

      Statistic Franklin Wisconsin National
      Average one way commute25min22min26min
      Workers who drive to work83.7%80.7%76.4%
      Workers who carpool6.4%8.3%9.3%
      Workers who take public transit0.5%1.9%5.1%
      Workers who bicycle0.0%0.8%0.6%
      Workers who walk0.3%3.3%2.8%
      Working from home8.6%4.2%4.6%
      Source: The Franklin, WI data and statistics displayed above are derived from the United States Census Bureau American Community Survey (ACS).