Franklin, Wisconsin is a medium-sized city with a population of 36,155 people. The majority of Franklin residents report their race to be White; this is followed by Asian and Black. 86% of the people in Franklin (over the age of 15) are married and 62% have kids under the age of eighteen. Knowing that, it’s safe to say that this area could be a great place for other families to lay down roots.
Are you trying to figure out 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. Using the livability score which includes data from categories like amenities, weather, education, employment, you can easily compare the best places to live in Franklin and also determine if there are any nearby cities that might be a better match for your lifestyle. You can also compare Franklin to Wisconsin and the national average.
Franklin has a livability score of 78 out of 100 and is ranked #41 in Wisconsin and #2,688 in the USA. Compared to the US average, Franklin ranks among some of the best places to live in the country! Franklin also ranks in the top 10 percent of all cities, which is no small feat! For each of the livability categories, we can establish that Franklin ranks very well for amenities (B-), crime (A), education (A) and employment (B). Franklin does not score well for the following: weather (D-). It might be a good idea to take a closer look at each category to find out why.
Low violent crime (murder, rape, robbery, assault) is a must for most people when searching for a new area to live. At 77 crimes per 100,000 residents, Franklin has a violent crime rate that is far below the national average.
Knowing that the Franklin schools rank highly for test scores plays an important factor in deciding if this area is the right place to live. The average school test scores are 67%, which is far higher than the national average.
Certain items on your wish list like shopping, restaurants, nightlife and proximity to public transportation are all important factors to search for. Having said that, perhaps the most important metric to consider when contemplating a move to Franklin is real estate affordability. The median home price for Franklin homes is $224,800, which is 34.6% higher than the Wisconsin 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 3.1, which is 0% lower than the Wisconsin average. For most people, purchasing a new home is the biggest investment they will make in their lifetime. Taking a look at overall real estate appreciation rates in Franklin will offer some insight into determining if your home purchase will be a solid investment for years to come. In Franklin, the year-over-year appreciation rates were 5.8%, and the 5 year appreciation rates came in at 5.7%.
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