Franklin, Illinois Unemployment

Franklin, Illinois has a population of 578, with a median household income of $54,120.

Current unemployment data for Franklin.

4.40%

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Population

578

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Median Income

$54,120

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Unemployment

4.40%

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Housing Price

$95,200

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Crime Rate

8.50

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Internet Speed

100.00 Mbps

Franklin is a small local community located in Illinois. The city has a population that is below the average city population in Illinois, contributing to its local economic activity, housing demand, and infrastructure development. Population size can significantly influence transportation systems, commercial growth, educational services, and employment opportunities within the region.

Franklin, located in Illinois, is a city that reflects important demographic and economic patterns within the region.

Population Overview

Franklin has a population of 578, which is below the state average. This suggests a smaller and more localized community environment.

Income and Economy

The median household income in Franklin is $54,120, which is below the state average, indicating moderate economic conditions.

Housing Market

The average housing price in Franklin is about $95,200, making it relatively affordable compared to many cities in Illinois.

Employment and Safety

The unemployment rate in Franklin is 4.40%, which is lower than the state average, indicating a relatively strong job market. Franklin has a lower crime rate than the state average, contributing to a relatively safer living environment.

City Comparison

Compared to other cities in Illinois, Franklin shows distinct differences in population size, economic activity, and housing affordability, making it a unique case for analysis.

Overall, Franklin offers a balanced mix of economic conditions, population trends, and housing opportunities within Illinois.

Frequently Asked Questions about Franklin

What is the population of Franklin?

The population of Franklin is approximately 578.

Is Franklin a good place to live?

Franklin offers a mix of economic conditions, housing affordability, and population size, making it suitable for different types of residents.

What is the average income in Franklin?

The median household income in Franklin is around $54,120.

How expensive is housing in Franklin?

The average housing price in Franklin is approximately $95,200.