Cost of Living in Franklin, WI
Population: 35,751 • 2026 Data
$108,342
Median Household Income
+40% vs national
$1,325
Median Monthly Rent
-2% vs national
$343,400
Median Home Value
+1% vs national
3.6%
Unemployment Rate
Housing in Franklin
The median home value in Franklin, WI is $343,400. Monthly rent for a typical unit averages $1,325, while total monthly housing costs (including utilities and insurance) average $1,540.
Rent-to-income ratio: 14.7%. 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, WI is $108,342. The unemployment rate stands at 3.6%, with a labor force of 18,002 people.
Data Sources
All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.