This was 31.4 percent lower than the state average of 41.9 percent. In 2020 the total municipality population reached 1,451.
78.2 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 | 181 | 21.8 |
| Regular high school diploma | 268 | 32.2 |
| GED or alternative credential | 58 | 7 |
| Some college, less than 1 year | 78 | 9.4 |
| Some college, 1 or more years, no degree | 160 | 19.2 |
| Associate's degree | 50 | 6 |
| Bachelor's degree | 30 | 3.6 |
| Master's degree | 3 | 0.4 |
| Professional school degree | 4 | 0.5 |
| Doctorate degree | 0 | 0 |
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