Franklin is a very small village located in the state of Michigan. With a population of 3,231 people and just one neighborhood, Franklin is the 276th largest community in Michigan.
Real Estate Prices
Franklin home prices are not only among the most expensive in Michigan, but Franklin real estate also consistently ranks among the most expensive in America.
Occupations and Workforce
Franklin is a decidedly white-collar village, with fully 94.84% of the workforce employed in white-collar jobs, well above the national average. Overall, Franklin is a village of professionals, sales and office workers and managers. There are especially a lot of people living in Franklin who work in management occupations (22.80%), sales jobs (18.39%) and healthcare (13.90%).
Also of interest is that Franklin has more people living here who work in computers and math than 95% of the places in the US.
Telecommuters are a relatively large percentage of the workforce: 11.40% of people work from home. While this number may seem small overall, as a fraction of the total workforce it is high relative to the nation. These workers are often telecommuters who work in knowledge-based, white-collar professions. For example, Silicon Valley has large numbers of people who telecommute. Other at-home workers may be self-employed people who operate small businesses out of their homes.
Setting & Lifestyle
In addition, Franklin is home to many people who could be described as "urban sophisticates". Urban sophisticates are people who are both educated and wealthy, and thus tend to be older, richer, and more established than young professionals. "Urban sophisticates" is not just about being educated and well-off financially: it is a point of view and state of mind, one that you might call 'urbaneness'. But such people can and do regularly live in small towns, suburbs and rural areas, as well as in big cities. They read, support the arts and high-end shops, and love travel.
Because of many things, Franklin is a very good place for families to consider. With an enviable combination of good schools, low crime, college-educated neighbors who tend to support education because of their own experiences, and a high rate of home ownership in predominantly single-family properties, Franklin really has some of the features that families look for when choosing a good community to raise children. Is Franklin perfect? Of course not, and if you like frenetic nightlife, it will be far from your cup of tea. But overall this is a solid community, with many things to recommend it as a family-friendly place to live.