salaryRent is higher than in 80% of U.S. cities. Household incomes are higher than in 91% of U.S. cities. A typical house costs about 4.3 years of household income. Commutes are long, about 34.6 minutes each way. Most homes (83.2%) are owned, so rentals can be hard to find.
How much money do I need?
To rent here comfortably, you should earn about $92,760 a year. That is $45 an hour at a full-time job.
Is rent cheaper than other New York cities?
No. Rent here is more expensive than in most of New York. It is number 193 of 343 cities from cheapest to most expensive.
How much do households earn in Franklin Square?
Share of households by yearly income. 55.0% of households earn $100,000 or more.
Rent by apartment size in Franklin Square
| Size | Franklin Square | U.S. average |
|---|---|---|
| 1 bedroom | $1,484 | $1,324 |
| 2 bedrooms | $2,361 | $1,509 |
| 3 bedrooms | $2,393 | $1,698 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Franklin Square overall?
Everyday prices in New York overall are 8% above the U.S. average (index 107.9, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Franklin Square, so the New York figure is shown.
Taxes and bills in Franklin Square
Life in Franklin Square
Is it cheaper to rent or buy in Franklin Square?
Renting is cheaper right now: about $2,240 a month less.
Owning assumes a typical $657,000 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $65,700 for the down payment.
Frequently asked questions
What is the average rent in Franklin Square, NY?
Renting in Franklin Square costs a median of about $2,319 a month in 2026, including utilities. The New York median is $2,177.
How much do I need to make to live in Franklin Square?
To keep rent under 30% of income, you need about $92,760 a year, or $45 an hour at a full-time job.
Is Franklin Square cheap or expensive?
Franklin Square is rated Cheap: rent takes 18.0% of the typical household income of $154,509. It ranks 193rd cheapest of 343 New York cities we track.
How much are property taxes in Franklin Square?
The median homeowner in Franklin Square pays $10,000+ a year in property taxes, about 1.52% of the median home value.
Is Franklin Square more expensive than the national average?
Overall prices in New York are 8% above the U.S. average, according to the U.S. Bureau of Economic Analysis.
How much does a house cost in Franklin Square?
The median home value in Franklin Square is $657,000, about 4.3 times the typical yearly household income.
30,897 people live in Franklin Square. Numbers are typical (middle) values.