Cost of Living in Franklin County, Nebraska
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, Nebraska
Franklin offers solid rental affordability gains
Franklin County's 12.8% rent-to-income ratio beats Nebraska's state average of 14.2% and sits comfortably below national norms, delivering good housing affordability. With a median household income of $57,692 and median rent of just $613, Franklin residents devote a smaller share of earnings to housing than the typical American. This county balances modest wages with genuinely low rents.
Franklin ranks above-average among Nebraska
At 12.8%, Franklin's rent-to-income ratio places it in Nebraska's upper half for affordability, outpacing the state average of 14.2%. Median rent of $613 runs 21.7% below the state average of $783, reflecting Franklin's rural character and low housing cost pressures. Franklin delivers solid affordability even with below-average statewide incomes.
Franklin rents sit near region's lowest
Franklin's $613 monthly rent ranks second-lowest in this region, just $25 more than Dundy County's $588 and substantially less than Deuel ($827) or Dodge ($985). While Franklin household incomes ($57,692) lag slightly behind some peers, the rent advantage makes overall affordability competitive. Franklin and Dundy form the region's affordable rental core.
Franklin families keep 87.2% for other costs
Franklin households earning $57,692 annually ($4,808/month) allocate $613 to rent—just 12.8%—leaving 87.2% for utilities, food, and savings. Homeowners enjoy strong affordability too: $561 monthly represents just 11.7% of income, making homeownership at median values of $99,100 highly accessible. Franklin's affordability favors both renters and buyers.
Franklin delivers genuine cost-of-living savings
Relocating to Franklin County means low housing costs across both markets: rents at $613/month and median home values of $99,100, the second-lowest in this analysis. Even at modest local wages ($57,692), housing will consume less than 13% of income, far below state and national averages. Franklin suits those prioritizing affordability in a rural Nebraska setting.
Affordability Calculator
See how your income compares to housing costs in Franklin County
Rent Burden
12.8%
of gross income
Max Housing (28% Rule)
$1,346
per month
Owner Cost Burden
11.7%
of gross income
You can likely afford the median home in Franklin County
Median home value is $99,100. Estimated monthly cost: $791 vs. your max of $1,346.
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.