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Franklin is a somewhat small city located in the state of Virginia. With a population of 8,339 people and three associated neighborhoods, Franklin is the 84th largest community in Virginia.

The overall education level of Franklin is somewhat higher than in the average US city of 21.84%: 26.43% of adults 25 and older in the city have at least a bachelor's degree.

The per capita income in Franklin in 2022 was $31,838, which is lower middle income relative to Virginia, and middle income relative to the rest of the US. This equates to an annual income of $127,352 for a family of four. However, Franklin contains both very wealthy and poor people as well.

Franklin is an extremely ethnically-diverse city. The people who call Franklin home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Franklin residents report their race to be Black or African-American, followed by White. Important ancestries of people in Franklin include African, English, Irish, German, and Scots-Irish.

The most common language spoken in Franklin is English. Other important languages spoken here include Spanish and Italian.