States › New Hampshire › Franklin

Is Franklin, NH expensive to live in?

CheapRent takes 19 cents of every $1 people earn here.
🏠 Rent per month (2026)$1,22530% lower than U.S. average
💵 Families earn per year (2026)$77,272about $6,439/month · 11% lower than U.S. average
🔑 House price$262,20021% lower than U.S. average

Rent is lower than in 74% of U.S. cities. A typical house costs about 3.4 years of household income. Commutes are long, about 31.6 minutes each way.

How much money do I need?

To rent here comfortably, you should earn about $49,000 a year. That is $24 an hour at a full-time job.

Is rent cheaper than other New Hampshire cities?

Yes. Rent here is cheaper than in most of New Hampshire. It is number 3 of 26 cities from cheapest to most expensive.

Franklin
$1,225
Milford
$1,733
Hanover
$3,199
Berlin
$969
Exeter
$1,888
Hampton
$1,754
Hudson
$1,986

How much do households earn in Franklin?

Under $25k
11.5%
$25k–50k
23.3%
$50k–100k
45.6%
$100k–150k
10.7%
$150k+
5.7%

Share of households by yearly income. 16.4% of households earn $100,000 or more.

Rent by apartment size in Franklin

SizeFranklinU.S. average
1 bedroom$886$1,324
2 bedrooms$1,289$1,509
3 bedrooms$1,596$1,698
4 bedrooms$1,840$2,098

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

How expensive is Franklin overall?

Everyday prices in New Hampshire overall are 4% above the U.S. average (index 104.2, U.S. = 100).

Housing
115
Goods (food, clothes…)
99
Utilities
134
Other services
104
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 New Hampshire figure is shown.

Taxes and bills in Franklin

🏛️ Property tax$4,886a year · 1.86% of home value · U.S. $3,119
⚡ Electric bill$136a month (typical) · U.S. $156

Life in Franklin

Commute to work31.6 minU.S.: 26.4 min
College degree19.1%U.S.: 35.7%
Own their home64.2%U.S.: 65.2%
Below poverty line7%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 $594 a month less.

Renting
$1,225
Owning
$1,819

Owning assumes a typical $262,200 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $26,220 for the down payment.

Frequently asked questions

What is the average rent in Franklin, NH?

Renting in Franklin costs a median of about $1,225 a month in 2026, including utilities. The New Hampshire median is $1,916.

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

To keep rent under 30% of income, you need about $49,000 a year, or $24 an hour at a full-time job.

Is Franklin cheap or expensive?

Franklin is rated Cheap: rent takes 19.0% of the typical household income of $77,272. It ranks 3rd cheapest of 26 New Hampshire cities we track.

How much are property taxes in Franklin?

The median homeowner in Franklin pays $4,886 a year in property taxes, about 1.86% of the median home value.

Is Franklin more expensive than the national average?

Overall prices in New Hampshire are 4% above 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 $262,200, about 3.4 times the typical yearly household income.

8,799 people live in Franklin. Numbers are typical (middle) values.