This was 12.8 percent higher than the state average of 46.3 percent. In 2020 the total municipality population reached 376.
97.3 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 | 8 | 2.7 |
| Regular high school diploma | 49 | 16.8 |
| GED or alternative credential | 9 | 3.1 |
| Some college, less than 1 year | 10 | 3.4 |
| Some college, 1 or more years, no degree | 43 | 14.8 |
| Associate's degree | 48 | 16.5 |
| Bachelor's degree | 61 | 21 |
| Master's degree | 61 | 21 |
| Professional school degree | 0 | 0 |
| Doctorate degree | 2 | 0.7 |
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