Cost of Living in Franklin County, NC

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

Median Income

$70,493

Median Rent

$971/mo

Median Home

$209,500

Affordability

464

Housing Cost Breakdown

Owning (20% down, 6.5%)

Mortgage (P&I)$1,059
Property Tax$136
Insurance$70

Total Monthly$1,265
% of Income21.5%

Renting

Median Rent$971
Renter's Insurance$25

Total Monthly$996
% of Income16.5%

Living in Franklin County, North Carolina

Franklin County has a median household income of $70,493 with housing costs that represent 21.5% of income for owners and 16.5% for renters. Housing costs are within the recommended 30% of income threshold.

The affordability index of 464 (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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Family and education

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.