salaryRent 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. Commutes are short, about 16.2 minutes.
How much money do I need?
To rent here comfortably, you should earn about $29,880 a year. That is $14 an hour at a full-time job.
Is rent cheaper than other Pennsylvania cities?
Yes. Rent here is cheaper than in most of Pennsylvania. It is number 6 of 269 cities from cheapest to most expensive.
How much do households earn in Franklin?
Share of households by yearly income. 13.7% of households earn $100,000 or more.
Rent by apartment size in Franklin
| Size | Franklin | U.S. average |
|---|---|---|
| Studio | $672 | $1,338 |
| 1 bedroom | $590 | $1,324 |
| 2 bedrooms | $906 | $1,509 |
| 3 bedrooms | $1,088 | $1,698 |
| 4 bedrooms | $1,022 | $2,098 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Franklin overall?
Everyday prices in Pennsylvania overall are 2% below the U.S. average (index 97.6, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Franklin, so the Pennsylvania figure is shown.
Taxes and bills in Franklin
Life in Franklin
Is it cheaper to rent or buy in Franklin?
Renting is cheaper right now: about $64 a month less.
Owning assumes a typical $116,900 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $11,690 for the down payment.
Frequently asked questions
What is the average rent in Franklin, PA?
Renting in Franklin costs a median of about $747 a month in 2026, including utilities. The Pennsylvania median is $1,367.
How much do I need to make to live in Franklin?
To keep rent under 30% of income, you need about $29,880 a year, or $14 an hour at a full-time job.
Is Franklin cheap or expensive?
Franklin is rated Cheap: rent takes 17.6% of the typical household income of $50,816. It ranks 6th cheapest of 269 Pennsylvania cities we track.
How much are property taxes in Franklin?
The median homeowner in Franklin pays $1,871 a year in property taxes, about 1.60% of the median home value.
Is Franklin more expensive than the national average?
Overall prices in Pennsylvania are 2% 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 $116,900, about 2.3 times the typical yearly household income.
5,984 people live in Franklin. Numbers are typical (middle) values.