This was 7.6 percent lower than the state average of 42.7 percent. In 2020 the total municipality population reached 617.
79.3 percent of the population had at least a high school diploma or the equivalent.
Degree distribution in Franklin for 2020*
| Degree | Number of people | Percentage of population |
|---|---|---|
| No degree | 62 | 20.7 |
| Regular high school diploma | 93 | 31.1 |
| GED or alternative credential | 23 | 7.7 |
| Some college, less than 1 year | 7 | 2.3 |
| Some college, 1 or more years, no degree | 9 | 3 |
| Associate's degree | 31 | 10.4 |
| Bachelor's degree | 50 | 16.7 |
| Master's degree | 24 | 8 |
| Professional school degree | 0 | 0 |
| Doctorate degree | 0 | 0 |
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