Cost of Living in Franklin County, IN

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

Median Income

$75,985

Median Rent

$743/mo

Median Home

$200,700

Affordability

530

Housing Cost Breakdown

Owning (20% down, 6.5%)

Mortgage (P&I)$1,015
Property Tax$112
Insurance$67

Total Monthly$1,194
% of Income18.9%

Renting

Median Rent$743
Renter's Insurance$25

Total Monthly$768
% of Income11.7%

Living in Franklin County, Indiana

Franklin County has a median household income of $75,985 with housing costs that represent 18.9% of income for owners and 11.7% for renters. Housing costs are within the recommended 30% of income threshold.

The affordability index of 530 (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 Indiana

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.