Is Franklin, NE a Good Place to Live?
Franklin is a small town of 809 in Nebraska, with a median household income of $49,271 and a 1.1% unemployment rate. Its cost of living index is 84 (US average = 100), which is 16% below the national average.
Strengths: Franklin stands out for an affordable cost of living, below-average home prices, solid school ratings (B+), short average commutes.
Trade-offs: No major red flags stand out in the available data. Whether Franklin is right for you depends on your priorities — the full breakdown is below.
All Franklin city data on this page comes from official government sources — the US Census Bureau, FBI, NCES, BEA, and NOAA — updated annually.
Cost of Living
Index: 84.1Franklin's overall cost of living index is 84.1, where 100 represents the US national average. Living in Franklin costs roughly 16% less than the average American city.
| Metric | Franklin, NE | National Avg |
|---|---|---|
| Median Home Value | $91,500 | $244,900 |
| Median Monthly Rent | $489 | $1,163 |
| Homeownership Rate | 80.4% | 65.9% |
| Median Household Income | $49,271 | $74,755 |
Crime & Safety
Crime data for Franklin is not currently available from the FBI's Uniform Crime Reporting program. Not all local agencies report to the UCR each year.
Schools & Education
Franklin is served primarily by FRANKLIN PUBLIC SCHOOLS. The student-to-teacher ratio is 10.1:1 (better than the national average of ~16:1).
| Metric | Franklin, NE | National Avg |
|---|---|---|
| School District | FRANKLIN PUBLIC SCHOOLS | — |
| Elementary Schools | 1 | — |
| Middle Schools | 1 | — |
| High Schools | 1 | — |
| Student/Teacher Ratio | 10.1:1 | 16:1 |
| Bachelor's Degree or Higher | 14.4% | 35.4% |
| High School Diploma or Higher | 90.0% | 91.1% |
Weather & Climate
Franklin sees average highs of 38.3°F in January and 89.2°F in July, with 26.5 inches of annual precipitation and 18.9 inches of snow per year.
| Metric | Franklin, NE |
|---|---|
| Average High — January | 38.3°F |
| Average High — July | 89.2°F |
| Annual Precipitation | 26.5" |
| Annual Snowfall | 18.9" |
Demographics
| Metric | Franklin, NE | National Avg |
|---|---|---|
| Population | 809 | — |
| Median Age | 50.1 | 38.9 |
| Unemployment Rate | 1.1% | 3.7% |
| Avg Commute Time | 19.5 min | 26 min |
| White (non-Hispanic) | 94.9% | 59.3% |
| Black or African American | 0.4% | 13.6% |
| Hispanic or Latino | 2.5% | 18.9% |
| Asian | 0.2% | 6.3% |
| Under 18 | 17.8% | 22.2% |
| 65 and over | 30.8% | 16.8% |
Nearby Cities
ZIP Codes in Franklin
Franklin, NE is covered by 1 ZIP code: