Cost of Living in Franklin County, Missouri
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
Data Story
About Cost of Living in Franklin County, Missouri
Franklin Balances Higher Income with Higher Costs
Franklin County's rent-to-income ratio of 14.6% sits below the national benchmark, reflecting stronger local incomes ($71,973) that absorb higher housing costs ($874 rent, $1,055 ownership). Though rents and mortgages run above national norms, Franklin households have the earnings to support them.
Franklin Ranks Above Average in State Affordability
At 14.6%, Franklin County's rent-to-income ratio beats Missouri's state average of 15.6%, positioning it as one of the state's more affordable counties despite higher absolute housing costs. The county's median income of $71,973 is the highest in this group, enabling families to absorb $874 rent with relative ease.
Franklin Commands Premium for Regional Leadership
Franklin's median rent ($874) and ownership costs ($1,055) far exceed neighboring Gasconade ($671 rent, $695 ownership) and Dent ($615 rent, $646 ownership). Yet Franklin's median household income of $71,973 allows residents to maintain a better affordability ratio than lower-income neighbors.
Income Strength Makes Costs Manageable Here
Franklin renters dedicate 14.6% of their $71,973 annual income to $874 monthly rent, while homeowners spend 17.5% on ownership costs ($1,055/month). Both percentages remain below the 30% affordability threshold, giving Franklin residents genuine financial breathing room.
Franklin: Premium Housing, Premium Incomes Required
Franklin County suits relocating professionals and established families seeking suburban growth and quality housing: median home values reach $214,900, the highest in this group. If your salary approaches Franklin's $71,973 median or higher, this county's robust affordability supports a comfortable lifestyle.
Affordability Calculator
See how your income compares to housing costs in Franklin County
Rent Burden
14.6%
of gross income
Max Housing (28% Rule)
$1,679
per month
Owner Cost Burden
17.6%
of gross income
The median home in Franklin County may be a stretch
Median home value is $214,900. Estimated monthly cost: $1,716 vs. your max of $1,679.
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.