Cost of Living in Franklin County, Georgia
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
How Franklin County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Franklin County ranks #1,450 of 3,144 counties for affordability (top 46%)
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.
Cost of Living Advisory: Franklin County
Affordability Verdict
Franklin County is affordable for renters, with a median gross rent of $778/month representing approximately 17.9% of median household income. The rent burden (GRAPI) stands at 25.0%.
Rent vs. Own
At $778/month rent versus $587/month in owner costs, owning is roughly $191/month cheaper — a 25% difference.
Income Needed
To afford the median rent without exceeding 30% of gross income, a household needs to earn approximately $31,120/year. For owner costs at the 28% rule, the required income is roughly $25,157/year. With a median household income of $52,264, most households can comfortably afford rent here. Notably, 25.0% of renter households in Franklin County are cost-burdened, spending more than 30% of income on housing.
Regional Context
Compared to Terrell County where rent averages $727/month, Franklin County is approximately 7% more expensive.
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
Income Needed Calculator
See how much you need to earn to comfortably afford housing
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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 (2019-2023) — Informational only. Not financial or legal advice.
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