Economy & Jobs — Franklin, Michigan

Income & Employment

Median Household Income (Census)$194,079
Estimated 2026~$201,200
Per Capita Income$123,132
Poverty Rate2.8%
Unemployment Rate2.0%
In Labor Force1,340

Top Industries

IndustryShare
Education Healthcare25.9%
Professional25.8%
Manufacturing15.7%

Local Businesses (County)

TypeCount
Physician Offices1,490
Law Offices1,259
Fast Food1,183
Full Service Restaurants1,130
Dental Offices766
Insurance Agencies725
Real Estate Offices505
Beauty Salons459
Accounting Firms407
Home Health325
Gas Stations307
Commercial Banks288
Child Day Care277
Coffee Shops249
Auto Repair246
Sources: Census ACS 5-Year 2023; BLS QCEW 2023; Census ACS 5-Year 2023, B19013.