This was 7 percent higher than the state average of 40.2 percent. In 2020 the total municipality population reached 957.
87 percent of the population had at least a high school diploma or the equivalent.
Degree distribution in Franklin Springs for 2020*
| Degree | Number of people | Percentage of population |
|---|---|---|
| No degree | 70 | 13 |
| Regular high school diploma | 82 | 15.2 |
| GED or alternative credential | 11 | 2 |
| Some college, less than 1 year | 33 | 6.1 |
| Some college, 1 or more years, no degree | 88 | 16.4 |
| Associate's degree | 68 | 12.6 |
| Bachelor's degree | 64 | 11.9 |
| Master's degree | 59 | 11 |
| Professional school degree | 40 | 7.4 |
| Doctorate degree | 23 | 4.3 |
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