Cost of Living in Franklin County, Kansas

$949/mo
Median Monthly Rent
$187,400
Median Home Value
21% above state averageUnaffordable

At a Glance

Median Monthly Rent
$949/mo
21% above state average
Median Home Value
$187,400
34% below national
Rent-to-Income Ratio
28.0%
% 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$949/mo
Kansas Average$787/mo
National Median$1,163/mo

Detailed Housing Stats

$949/mo
Median Gross Rent
$187,400
Median Home Value
$1,206/mo
Monthly Owner Cost
28.0%
Rent-to-Income Ratio

Data Story

About Cost of Living in Franklin County, Kansas

Franklin County housing moderately affordable

At 15.8%, Franklin County's rent-to-income ratio sits above the Kansas state average of 14.7% but remains reasonable in national context. Renters pay $949 monthly while earning a $72,142 median household income—slightly above regional peers and providing a modest affordability cushion.

Franklin County slightly above state average

Franklin County's 15.8% rent-to-income ratio exceeds the Kansas average of 14.7%, placing it among the state's moderately priced rental markets. At $949/month, rents run $162 above the Kansas median, though local incomes of $72,142 help offset the pressure.

Franklin County rents middle of pack

Franklin County's $949 rent ranks midway among regional peers—below Finney ($991) and Ford ($960) but above Ellis ($899) and Ellsworth ($705). Home values of $187,400 align with Finney County ($191,100), signaling comparable real estate markets in the region.

Homeowner costs stretch budgets tighter

Renters allocate 15.8% of income to housing, but homeowners face $1,206 monthly payments—the highest among regional peers. On a $72,142 income, Franklin County homebuyers commit significant resources to mortgages, leaving less flexibility for discretionary spending.

Franklin County for renters over buyers

Franklin County offers reasonable rental affordability, but homeowner costs are among the region's highest at $1,206 monthly. If considering a move here, weighing renting versus buying is critical—compare Franklin's homeownership burden to Ford County's more affordable $836 monthly alternative.

Affordability Calculator

See how your income compares to housing costs in Franklin County

$

Rent Burden

15.8%

of gross income

Max Housing (28% Rule)

$1,683

per month

Owner Cost Burden

20.1%

of gross income

You can likely afford the median home in Franklin County

Median home value is $187,400. Estimated monthly cost: $1,496 vs. your max of $1,683.

Rent Affordability Guide

Your rent-to-income ratio15.8%
Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Franklin County, Kansas?
Franklin County, Kansas has a median monthly rent of $949/mo and a median home value of $187,400. The affordability rating is Unaffordable, with rent making up approximately 28.0% of median household income.
What is the median rent in Franklin County?
The median gross rent in Franklin County is $949/mo. This is 21% above state average for Kansas.
Is Franklin County affordable?
Franklin County is rated Unaffordable based on rent-to-income ratio of 28.0%. 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 $949/mo is 21% above state average of $787/mo for Kansas.
What is the median home value in Franklin County?
The median home value in Franklin County, Kansas is $187,400. This is 34% 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.