Cost of Living in Franklin County, Georgia

$778/mo
Median Monthly Rent
$160,600
Median Home Value
16% below state averageUnaffordable

At a Glance

Median Monthly Rent
$778/mo
16% below state average
Median Home Value
$160,600
43% below national
Rent-to-Income Ratio
25.0%
% 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$778/mo
Georgia Average$927/mo
National Median$1,163/mo

Detailed Housing Stats

$778/mo
Median Gross Rent
$160,600
Median Home Value
$587/mo
Monthly Owner Cost
25.0%
Rent-to-Income Ratio

Data Story

About Cost of Living in Franklin County, Georgia

Franklin offers rare affordability advantage

Franklin County's 17.9% rent-to-income ratio beats the national standard, and at just $778 monthly rent, it's the cheapest rental market in this analysis. On a median income of $52,264—30% below the national median—Franklin residents enjoy genuine housing affordability.

Georgia's affordability champion

Franklin County's 17.9% rent-to-income ratio outperforms the state average of 18.6%, making it one of Georgia's most affordable counties. Renters here stretch their dollars further than most neighbors.

Franklin undercuts every regional peer

Franklin's $778 rent is $149 below state average and $194 cheaper than Gilmer County, the second-lowest in this group. This rural mountain county offers Georgia's most accessible entry point for budget-conscious renters.

Modest income supports minimal housing costs

Franklin renters allocate $778 monthly and homeowners just $587, totaling roughly 24% of the $52,264 median income toward housing. This leaves meaningful flexibility for other needs compared to higher-burden counties.

Franklin County suits downsize-and-save strategies

If you're leaving an expensive city and prioritize rock-bottom housing costs, Franklin County delivers Georgia's lowest rents without requiring high income to achieve affordability. Trade urban amenities for genuine financial breathing room.

Affordability Calculator

See how your income compares to housing costs in Franklin County

$

Rent Burden

17.9%

of gross income

Max Housing (28% Rule)

$1,219

per month

Owner Cost Burden

13.5%

of gross income

The median home in Franklin County may be a stretch

Median home value is $160,600. Estimated monthly cost: $1,282 vs. your max of $1,219.

Rent Affordability Guide

Your rent-to-income ratio17.9%
Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Franklin County, Georgia?
Franklin County, Georgia has a median monthly rent of $778/mo and a median home value of $160,600. The affordability rating is Unaffordable, with rent making up approximately 25.0% of median household income.
What is the median rent in Franklin County?
The median gross rent in Franklin County is $778/mo. This is 16% below state average for Georgia.
Is Franklin County affordable?
Franklin County is rated Unaffordable based on rent-to-income ratio of 25.0%. 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 $778/mo is 16% below state average of $927/mo for Georgia.
What is the median home value in Franklin County?
The median home value in Franklin County, Georgia is $160,600. This is 43% below the national median home value of $281,900.
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Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.