Franklin is located in Oakland county Michigan with a geographic area of 2.7 square miles. The total population in Franklin is 2,877 with 48.2% male and 51.8% female. Children under age 5 represent 5.6% of the population, under age 18 equal 26.5% of the population and over age 65 is 19.0% of the population. The median household income is $158,958, per capita income is $94,681. There are a total of 1,000 housing units with 93.6% owner occupied. Education includes 3.9% of residents that are high school graduates and 80.6% with a bachelor's degree or higher. The average temperature in Franklin in the summer is 67 degrees, and in the winter 23 degrees.