Economy & Jobs — Franklin, Minnesota
Income & Employment
| Median Household Income (Census) | $51,500 |
|---|
| Estimated 2026 | ~$62,600 |
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| Per Capita Income | $29,850 |
|---|
| Poverty Rate | 16.1% |
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| Unemployment Rate | 3.3% |
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| In Labor Force | 263 |
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Top Industries
| Industry | Share |
|---|
| Education Healthcare | 25.6% |
| Arts Food | 23.2% |
| Manufacturing | 14.8% |
Local Businesses (County)
| Type | Count |
|---|
| Insurance Agencies | 15 |
| Commercial Banks | 11 |
| Full Service Restaurants | 10 |
| Gas Stations | 9 |
| Auto Repair | 7 |
| Nursing Care | 5 |
| Child Day Care | 5 |
| General Merchandise | 4 |
| Bars | 4 |
| Grocery Stores | 3 |
| Liquor Stores | 3 |
| Florists | 3 |
| Accounting Firms | 3 |
| Chiropractors | 3 |
| Golf Courses Country Clubs | 3 |
Sources: Census ACS 5-Year 2023; BLS QCEW 2023; Census ACS 5-Year 2023, B19013.
