Franklin, a city located in the state of Virginia (VA), is home to a population of approximately 8,194 people. Franklin boasts a median age of 38.8, with around 26.6% of its residents aged 60 or above. 11.5% of the population identifies as US Veterans. 18.6% of Franklin residents are disabled. The city has an average household income of $57,537, while the unemployment rate stands at 5.3%, and around 18.7% of the population is considered to be living below the poverty level. In terms of housing, the average home value in Franklin is $202,886, with a monthly rent averaging $925.