Cost of Living in Franklin, IN
Population: 25,999 • 2026 Data
$77,305
Median Household Income
+0% vs national
$1,127
Median Monthly Rent
-16% vs national
$212,500
Median Home Value
-37% vs national
3.8%
Unemployment Rate
Housing in Franklin
The median home value in Franklin, IN is $212,500. Monthly rent for a typical unit averages $1,127, while total monthly housing costs (including utilities and insurance) average $1,152.
Rent-to-income ratio: 17.5%. This is within the recommended 30% threshold, suggesting housing is relatively affordable for median-income earners.
Income and Employment
The median household income in Franklin, IN is $77,305. The unemployment rate stands at 3.8%, with a labor force of 12,983 people.
Data Sources
All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.