Cost of Living in Franklin County, IA

What does it cost to live in Franklin County? Income, housing, and affordability breakdown.

Median Income

$62,214

Median Rent

$707/mo

Median Home

$108,200

Affordability

733

Housing Cost Breakdown

Owning (20% down, 6.5%)

Mortgage (P&I)$547
Property Tax$124
Insurance$36

Total Monthly$707
% of Income13.6%

Renting

Median Rent$707
Renter's Insurance$25

Total Monthly$732
% of Income13.6%

Living in Franklin County, Iowa

Franklin County has a median household income of $62,214 with housing costs that represent 13.6% of income for owners and 13.6% for renters. Housing costs are within the recommended 30% of income threshold.

The affordability index of 733 (100 = median income perfectly covers median housing costs) gives a quick snapshot. Use our calculator for a comprehensive comparison across counties, including taxes, utilities, healthcare, and commute costs.

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Other Counties in Iowa

County-level data from U.S. Census Bureau American Community Survey (ACS) 2022 5-Year Estimates. Additional sources: Bureau of Labor Statistics, Bureau of Economic Analysis. Estimates are county-level medians. This is not financial advice.