This was 19.2 percent lower than the state average of 46.3 percent. In 2020 the total municipality population reached 1,865.
89.5 percent of the population had at least a high school diploma or the equivalent.
Degree distribution in Franklinville for 2020*
| Degree | Number of people | Percentage of population |
|---|---|---|
| No degree | 128 | 10.5 |
| Regular high school diploma | 408 | 33.5 |
| GED or alternative credential | 100 | 8.2 |
| Some college, less than 1 year | 110 | 9 |
| Some college, 1 or more years, no degree | 141 | 11.6 |
| Associate's degree | 113 | 9.3 |
| Bachelor's degree | 108 | 8.9 |
| Master's degree | 84 | 6.9 |
| Professional school degree | 12 | 1 |
| Doctorate degree | 13 | 1.1 |
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