Cost of Living in Franklin County, Ohio

$1,233/mo
Median Monthly Rent
$265,700
Median Home Value
41% above state averageUnaffordable

At a Glance

Median Monthly Rent
$1,233/mo
41% above state average
Median Home Value
$265,700
6% 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$1,233/mo
Ohio Average$873/mo
National Median$1,163/mo

Detailed Housing Stats

$1,233/mo
Median Gross Rent
$265,700
Median Home Value
$1,423/mo
Monthly Owner Cost
28.0%
Rent-to-Income Ratio

Data Story

About Cost of Living in Franklin County, Ohio

Franklin County rents rank higher nationally

Franklin County residents spend 20.1% of their income on rent, significantly above the national average of 15.6%. This means a typical household here dedicates roughly one-fifth of earnings to housing costs, compared to the national norm.

Among Ohio's least affordable counties

Franklin County's rent-to-income ratio of 20.1% ranks it among Ohio's least affordable counties, well above the state average of 15.6%. The median rent of $1,233 per month exceeds the Ohio median of $873 by 41%.

Pricier than rural neighbors, less than suburbs

Franklin County's median rent of $1,233 significantly exceeds nearby Fulton County ($832) and Hancock County ($926), reflecting Columbus's urban pull. However, it remains more affordable than wealthy suburban Geauga County, where median rent climbs to $1,018 despite higher home values.

Homeownership costs bite harder here

Monthly housing costs break down to $1,233 for renters and $1,423 for homeowners against a median income of $73,795. This means the typical household dedicates over 20% of income to rent alone, or nearly 23% for mortgage-paying owners.

Columbus offers urban life—with a price

If you're considering a move to Franklin County, weigh the urban amenities and job market against above-average housing costs. Exploring nearby Fulton, Hancock, or Greene counties could yield comparable income opportunities with significantly lower rent burdens.

Affordability Calculator

See how your income compares to housing costs in Franklin County

$

Rent Burden

20.1%

of gross income

Max Housing (28% Rule)

$1,722

per month

Owner Cost Burden

23.1%

of gross income

The median home in Franklin County may be a stretch

Median home value is $265,700. Estimated monthly cost: $2,121 vs. your max of $1,722.

Rent Affordability Guide

Your rent-to-income ratio20.1%
Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Franklin County, Ohio?
Franklin County, Ohio has a median monthly rent of $1,233/mo and a median home value of $265,700. 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 $1,233/mo. This is 41% above state average for Ohio.
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 $1,233/mo is 41% above state average of $873/mo for Ohio.
What is the median home value in Franklin County?
The median home value in Franklin County, Ohio is $265,700. This is 6% 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.