Cost of Living in Franklin Square, NY
Population: 30,559 • 2026 Data
$140,051
Median Household Income
+81% vs national
$2,052
Median Monthly Rent
+52% vs national
$640,300
Median Home Value
+89% vs national
5.0%
Unemployment Rate
Housing in Franklin Square
The median home value in Franklin Square, NY is $640,300. Monthly rent for a typical unit averages $2,052, while total monthly housing costs (including utilities and insurance) average $2,472.
Rent-to-income ratio: 17.6%. 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 Square, NY is $140,051. The unemployment rate stands at 5.0%, with a labor force of 17,075 people.
Data Sources
All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.