Cost of Living in Franklin Town, MA
Population: 33,067 • 2026 Data
$142,788
Median Household Income
+84% vs national
$1,856
Median Monthly Rent
+38% vs national
$567,100
Median Home Value
+67% vs national
5.1%
Unemployment Rate
Housing in Franklin Town
The median home value in Franklin Town, MA is $567,100. Monthly rent for a typical unit averages $1,856, while total monthly housing costs (including utilities and insurance) average $2,280.
Rent-to-income ratio: 15.6%. 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 Town, MA is $142,788. The unemployment rate stands at 5.1%, with a labor force of 19,515 people.
Data Sources
All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.