Cost of Living in Franklin County, Florida
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
These figures are county medians, not a personal budget. Use them to frame rent, ownership, and income tradeoffs, then account for household size, commute, financing, insurance, taxes, debt, and local availability before making a decision.
How Franklin County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Franklin County ranks #1,867 of 3,142 counties for affordability (bottom 41%)
Sourced county brief
Median Renter Income at $26,756 in Franklin County
The median renter-household income in Franklin County is $26,756, as reported in ACS table B25119. For those in rental housing, the median gross rent is $1,049 per month (B25064), which is $255 below the Florida unweighted county mean of $1,304. The official median gross rent as a percentage of household income (GRAPI) from table B25071 is 32.9%, which differs from the state unweighted county mean GRAPI of 32.8% by 0.1 percentage points. Regarding homeowners, the median home value (B25077) is $273,300, while the unweighted county mean for the state is $284,325. Median selected monthly owner costs for all owner-occupied units (B25088) are $790, a figure $249 lower than the Florida unweighted county mean of $1,039. These figures represent a snapshot of the 2020-2024 period. See ACS table B25071 for the underlying estimate.
Source record
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25064 Median Gross Rent
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25071 GRAPI
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25077 Median Home Value
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25088 Selected Monthly Owner Costs
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25119 Household Income by Tenure
Data version acs5-2020-2024 · Method cost-brief-v1
Cost of Living Advisory: Franklin County
Affordability Verdict
ACS B25071 estimates median gross rent at 32.9% of renter household income in Franklin County, which is between the 30% and 50% rent-burden benchmarks. This is a median percentage among renter-occupied units, not the share of households above a threshold.
Rent vs. Own
Median gross rent is $1,049 per month; median selected monthly owner costs are $790. These ACS medians describe different tenure groups and are not a personalized rent-versus-buy calculation.
Income Needed
Using the common 30% budgeting benchmark, $41,960 in annual gross income would allocate 30% to the county's median gross rent. This is a reproducible illustration, not evidence that a particular household can afford housing.
Regional Context
The Florida unweighted mean of county median rents is $1,304 per month. Franklin County's $1,049 median is 19.5% below that comparison value.
Data version acs5-2020-2024 · Method cost-advisory-v2
Affordability Calculator
See how your income compares to housing costs in Franklin County
Rent Burden
19.6%
of gross income
Max Housing (28% Rule)
$1,496
per month
Owner Cost Burden
14.8%
of gross income
The median home in Franklin County may be a stretch
Median home value is $273,300. Estimated monthly cost: $2,182 vs. your max of $1,496.
Rent Affordability Guide
Income Needed Calculator
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Based on the 30% rule for rent and 28% rule for housing costs (mortgage + owner costs). Mortgage estimate assumes 20% down, 7.2% interest, 30-year fixed.
Frequently Asked Questions
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See Today's RatesData: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2020-2024). Data is informational only and is not personalized financial advice.
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