Cost of Living in Franklin Parish, Louisiana
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
How Franklin Parish Compares
Median monthly rent comparison
Detailed Housing Stats
Data Story
About Cost of Living in Franklin Parish, Louisiana
Right at the national affordability line
Franklin Parish renters spend 19.6% of income on rent, just above the national affordability benchmark of 18%, with a median household income of $44,103 sitting 41% below the U.S. average. This parish hovers near the tipping point where housing costs become genuinely stressful.
Slightly above state affordability average
Franklin's 19.6% rent-to-income ratio edges above Louisiana's state average of 19.5%, essentially tracking the state norm. The median rent of $719 runs 18% below the state average of $873, helping offset the parish's below-average income.
Competitive rents among rural peers
Franklin's $719 monthly rent sits between Evangeline ($663) and Grant Parish ($806), with income of $44,103 slightly above Evangeline ($42,273) but well below Grant ($61,112). The parish occupies the middle ground for rural affordability.
Renters and owners split fairly
Renters paying $719 monthly dedicate 19.6% of the $44,103 income to housing, while owners paying $541 (14.7%) enjoy more breathing room. Both housing types remain manageable relative to local earning power.
Balanced affordability for rural seekers
Franklin Parish offers reasonable rents ($719) and home prices ($117,200) for those seeking rural life, though median income of $44,103 suggests you should verify local job prospects. This parish works best for remote workers or those with secured outside income.
Affordability Calculator
See how your income compares to housing costs in Franklin Parish
Rent Burden
19.6%
of gross income
Max Housing (28% Rule)
$1,029
per month
Owner Cost Burden
14.7%
of gross income
You can likely afford the median home in Franklin Parish
Median home value is $117,200. Estimated monthly cost: $936 vs. your max of $1,029.
Rent Affordability Guide
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.