New Franklin vs Independence
| New Franklin | Independence | |
|---|---|---|
| Population | 1,057 | 122,218 |
| Median Household Income | $55,066 | $60,339 |
| Median Home Value | $139,500 | $172,900 |
| Median Gross Rent | $679/mo | $1,109/mo |
| Homeownership Rate | 67.8% | 60.9% |
| Unemployment Rate | 2.5% | 5.6% |
| Bachelor's Degree or Higher | 20.3% | 21.9% |
| Median Age | 39.4 | 39.0 |
Source: U.S. Census Bureau, American Community Survey, ACS 2020-2024.