As of the 2020 United States Census, Franklin Township has a population of approximately 68,364 residents. The township has seen steady, sustainable growth over the past few decades, driven by its housing variety and proximity to major employment hubs.
Franklin is renowned for its exceptional demographic diversity. The ethnic composition is roughly 35% White, 26% Asian, 22% Black or African American, and 13% Hispanic or Latino. This multicultural environment is reflected in a wide variety of community festivals, religious institutions, and dining options.
The township boasts a highly educated population, with a large percentage of residents holding bachelor's or advanced degrees, closely tied to the nearby academic institutions and pharmaceutical industries. Median household income is well above the national average, frequently exceeding $110,000.