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Franklin, Connecticut

town · New London County

At a glance

2,004
Population
$326,200
Median home value (all homes)
8% above U.S. median
$423,655
Typical market value
Zillow, 2026-07
$767/mo
Median rent
43% below U.S. median
$105,000
Median household income
34% above U.S. median
27.2 min
Average commute
94.1%
Homes with broadband
6.8%
Unemployment

Cost of living (Clay Affordability Index)

CAI 106 — 6% above the national average. how it's computed

Housing25% above
Goods & services1% above
Utilities20% above
Taxes33% below
Insurance5% above
Commute cost0% above
For business: Connecticut is CBII band 3/5 · time to build band 3/5. See state page for the breakdown.

Living here

Nearest 4-year college8 mi
Nearest community college8 mi
Nearest technical college20 mi
High school graduates95.6%
College graduates27.8%

Doing business here

Economic development contacts, most local first:

state Connecticut Dept. Econ. Dev.
Connecticut Department of Economic and Community Development (DECD) is the state agency that supports economic development and community development in Connecticut, including business development, small business resources, brownfield redevelopment, film, arts and tourism initiatives, and related programs. It provides contact points for in-state and out-of-state companies seeking assistance and coordinates various grant and program opportunities.
state Connecticut's Business Response
State sales taxYes
State income taxYes
Right-to-work stateNo

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