States › Louisiana › Franklin

Is Franklin, LA expensive to live in?

CheapRent takes 18 cents of every $1 people earn here.
🏠 Rent per month (2026)$64963% lower than U.S. average
💵 Families earn per year (2026)$42,620about $3,552/month · 51% lower than U.S. average
🔑 House price$104,40069% lower than U.S. average

Rent here is among the lowest 10% of all U.S. cities. A typical house costs under 3 years of household income, which is easy by U.S. standards.

How much money do I need?

To rent here comfortably, you should earn about $25,960 a year. That is $12 an hour at a full-time job.

Is rent cheaper than other Louisiana cities?

Yes. Rent here is cheaper than in most of Louisiana. It is number 2 of 102 cities from cheapest to most expensive.

Franklin
$649
Red Chute
$2,408
Walker
$815
Oakdale
$919
Inniswold
$2,282
Lacombe
$932
St. Gabriel
$1,070

How much do households earn in Franklin?

Under $25k
27.2%
$25k–50k
29.0%
$50k–100k
26.4%
$100k–150k
7.9%
$150k+
1.6%

Share of households by yearly income. 9.4% of households earn $100,000 or more.

Rent by apartment size in Franklin

SizeFranklinU.S. average
1 bedroom$669$1,324
2 bedrooms$773$1,509
3 bedrooms$1,011$1,698

Median monthly rent plus utilities for all renters, by number of bedrooms.

How expensive is Franklin overall?

Everyday prices in Louisiana overall are 12% below the U.S. average (index 88.2, U.S. = 100).

Housing
63
Goods (food, clothes…)
94
Utilities
71
Other services
96
U.S. average
100

Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Franklin, so the Louisiana figure is shown.

Taxes and bills in Franklin

🏛️ Property tax$248a year · 0.24% of home value · U.S. $3,119
⚡ Electric bill$199a month (typical) · U.S. $156

Life in Franklin

Commute to work21.2 minU.S.: 26.4 min
College degree9.9%U.S.: 35.7%
Own their home60.8%U.S.: 65.2%
Below poverty line27.3%U.S.: 12.5%
Unemployment2.8%U.S.: 5.2%

Is it cheaper to rent or buy in Franklin?

Renting is cheaper right now: about $75 a month less.

Renting
$649
Owning
$724

Owning assumes a typical $104,400 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $10,440 for the down payment.

Frequently asked questions

What is the average rent in Franklin, LA?

Renting in Franklin costs a median of about $649 a month in 2026, including utilities. The Louisiana median is $1,165.

How much do I need to make to live in Franklin?

To keep rent under 30% of income, you need about $25,960 a year, or $12 an hour at a full-time job.

Is Franklin cheap or expensive?

Franklin is rated Cheap: rent takes 18.3% of the typical household income of $42,620. It ranks 2nd cheapest of 102 Louisiana cities we track.

How much are property taxes in Franklin?

The median homeowner in Franklin pays $248 a year in property taxes, about 0.24% of the median home value.

Is Franklin more expensive than the national average?

Overall prices in Louisiana are 12% below the U.S. average, according to the U.S. Bureau of Economic Analysis.

How much does a house cost in Franklin?

The median home value in Franklin is $104,400, about 2.4 times the typical yearly household income.

6,461 people live in Franklin. Numbers are typical (middle) values.