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.
Amenities
A large portion of amenities are not ideally situated within walking distance, potentially requiring residents to utilize a vehicle or public transportation.
Cost Of Living
The cost of living in this area is notably high, making it a more expensive place to live. You'll find higher expenses for everyday goods and services, housing and groceries.
Located in the state of Michigan, Franklin is a small-sized city with a population of 2,935 people. If we take a look at the last Census, the vast majority of the population falls within one racial group (77% White). Given that fact, Franklin could be considered less diverse than other cities. If you are looking for a family friendly city, Franklin might be a good fit as 74% of the population over 15 years old are married, and 39% have kids who are 18 years old or younger.
Without the right tools, relocating to any new area can be very stressful and challenging. Living in Franklin, Michigan could be a good experience for anyone who puts in the effort to do the research required. When searching for a new neighborhood, several key items should be considered. Safety is paramount, ensuring a secure environment for you and your family. Proximity to workplaces or schools reduces commuting time and enhances convenience. Access to amenities like parks, grocery stores and healthcare facilities contributes to a comfortable lifestyle. Reliable public transportation options promote easy mobility. A strong sense of community fosters social connections and a welcoming atmosphere. With useful information like amenities, crime, cost of living, health & safety, education 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, MI receives 72 out of 100 for its livability score; this results in a ranking of #215 in Michigan and #5,250 in the USA. Based on the grades for each individual category, Franklin has been rewarded with high marks for crime (A+), education (B-) and housing (A+). There are some categories that Franklin ranks poorly for, including: amenities (F) and cost of living (F). It might be worth taking a closer look to figure 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 32 crimes per 100,000 residents, which significantly outperforms the national average.
Unemployment rates can range pretty dramatically from one city to another. Knowing that Franklin has an unemployment rate of 2.1% could mean increased job opportunities with a higher demand for workers. It could also lead to higher wages, as the demand for workers exceeds the availability of jobs. Most importantly, it could be a sign of a healthy and thriving local economy.
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.
There are many factors that go into deciding if an area is the right fit for your lifestyle. Certain “must haves” like low crime, great schools and nearby amenities are all at the top of most people's lists. But before even considering if those options are attainable, we'll need to know if the real estate in Franklin is actually affordable. The median home price for Franklin homes is $1,044,457, which is 342.9% higher than the Michigan average. If we take a closer look at the affordability of homes in Franklin, we’ll see that the home price to income ratio is 4.4, which is 37.5% higher than the Michigan average.
Why stop at city-to-city? With Local Insights, you can compare neighborhoods, zip codes, or even exact addresses. Access 300+ hyperlocal data points—from schools and crime to housing and amenities—to see which area is the better fit.
| Statistic | Franklin | Michigan | National |
| Average one way commute | 22min | 24min | 26min |
| Workers who drive to work | 79.1% | 82.5% | 76.4% |
| Workers who carpool | 3.8% | 8.8% | 9.3% |
| Workers who take public transit | 0.0% | 1.4% | 5.1% |
| Workers who bicycle | 0.0% | 0.5% | 0.6% |
| Workers who walk | 3.7% | 2.2% | 2.8% |
| Working from home | 12.9% | 3.7% | 4.6% |
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