Cost of Living in Franklin County, Florida

$1,044/mo

Median Monthly Rent

$254,300

Median Home Value

15% below state averageUnaffordable

At a Glance

Median Monthly Rent

$1,044/mo

15% below state average

Median Home Value

$254,300

10% below national

Rent-to-Income Ratio

30.0%

% of income spent on rent

Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)

Affordability Rating

Unaffordable

Rent over 50% of income

How Franklin County Compares

Median monthly rent comparison

Franklin County$1,044/mo

Florida Average$1,233/mo

National Median$1,163/mo

Detailed Housing Stats

$1,044/mo

Median Gross Rent

$254,300

Median Home Value

$737/mo

Monthly Owner Cost

30.0%

Rent-to-Income Ratio

Data Story

About Cost of Living in Franklin County, Florida

Franklin keeps housing affordable

Franklin County residents spend just 20% of income on rent, well below the national affordability threshold and lower than most U.S. counties. With a median household income of $62,734 and rent at $1,044 monthly, Franklin offers one of Florida's most balanced housing markets.

Franklin leads Florida affordability

At 20% rent-to-income, Franklin ranks among Florida's most affordable counties, beating the state average of 22.5% by a meaningful margin. The county's $1,044 median rent falls $189 below the state median, marking Franklin as a rare affordability bright spot in Florida's housing landscape.

Franklin's rental advantage

Franklin County's $1,044 rent is the lowest among its comparable peers, undershooting Gadsden ($792 in a poorer county), Gulf ($1,161), and Flagler ($1,687) significantly. This combination of low rent and reasonable income makes Franklin especially attractive for budget-conscious renters seeking coastal access.

Franklin's balanced budget

Renters spend $1,044 monthly from a $62,734 median household income, leaving 80% of earnings for taxes, food, utilities, and savings. Homeowners encounter median monthly costs of $737 (14.1% of income), with a median home value of $254,300 that rewards both investors and families.

Franklin: Florida's hidden affordability

If you're relocating to Florida without coastal luxury demands, Franklin County delivers genuine affordability rarely found in the state. The county's below-average housing burden leaves more room in your budget for building wealth and enjoying the Gulf Coast lifestyle.

Affordability Calculator

See how your income compares to housing costs in Franklin County

Your Annual Household Income

Rent Burden

20.0%

of gross income

Max Housing (28% Rule)

$1,464

per month

Owner Cost Burden

14.1%

of gross income

The median home in Franklin County may be a stretch

Median home value is $254,300. Estimated monthly cost: $2,030 vs. your max of $1,464.

Rent Affordability Guide

Your rent-to-income ratio20.0%

Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Franklin County, Florida?

Franklin County, Florida has a median monthly rent of $1,044/mo and a median home value of $254,300. The affordability rating is Unaffordable, with rent making up approximately 30.0% of median household income.

What is the median rent in Franklin County?

The median gross rent in Franklin County is $1,044/mo. This is 15% below state average for Florida.

Is Franklin County affordable?

Franklin County is rated Unaffordable based on rent-to-income ratio of 30.0%. Spending over 50% of income on rent is generally considered unaffordable.

How does Franklin County's rent compare to the state average?

Franklin County's median rent of $1,044/mo is 15% below state average of $1,233/mo for Florida.

What is the median home value in Franklin County?

The median home value in Franklin County, Florida is $254,300. This is 10% below the national median home value of $281,900.