Median Income
$49,271
household / year
Median Home Value
$91,500
owner-occupied
Median Rent
$489
gross / month
Cost of Living
84
national avg = 100

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: 84.1

Franklin'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.

MetricFranklin, NE
Average High — January38.3°F
Average High — July89.2°F
Annual Precipitation26.5"
Annual Snowfall18.9"

Demographics

MetricFranklin, NENational Avg
Population809—
Median Age50.138.9
Unemployment Rate1.1%3.7%
Avg Commute Time19.5 min26 min
White (non-Hispanic)94.9%59.3%
Black or African American0.4%13.6%
Hispanic or Latino2.5%18.9%
Asian0.2%6.3%
Under 1817.8%22.2%
65 and over30.8%16.8%

Nearby Cities

ZIP Codes in Franklin

Franklin, NE is covered by 1 ZIP code:

Franklin vs Other Cities

Frequently Asked Questions

Franklin's cost of living index is 84, where 100 is the national average. That makes Franklin roughly 16% less expensive than a typical US city — a meaningful affordability advantage. The median home price is $91,500 and median rent is $489/month.
Crime data for Franklin is not available in the current FBI UCR reporting year. Not all jurisdictions submit data annually.
Public schools in Franklin are operated by FRANKLIN PUBLIC SCHOOLS. The district has 1 elementary, 1 middle, and 1 high schools. The student-to-teacher ratio is 10.1:1. 14.4% of adults 25+ hold a bachelor's degree or higher.
Franklin, NE has a population of 809, a median household income of $49,271, and an unemployment rate of 1.1%. It offers below-average costs of living, which stretches take-home pay further than in most American cities. Whether it's right for you depends on your priorities — use the compare tool above to stack it against another city you're considering.
Franklin averages 38.3°F in January and 89.2°F in July. Annual rainfall is 26.5 inches with about 18.9 inches of snow per year. Based on NOAA 30-year climate normals (1991–2020).
Franklin, NE is covered by 1 ZIP code: 68939.
The population of Franklin, Nebraska is 809 with a median age of 50.1. Source: US Census ACS 5-Year Estimates.
Key numbers for living in Franklin: cost of living index 84 (100 = US average), median home $91,500, median household income $49,271, schools rated B+. Whether these are benefits or drawbacks depends on where you're coming from — compare Franklin side by side with your current city to see the trade-offs.