salaryRent is higher than in 83% of U.S. cities. A typical house costs about 5.5 years of household income. It is a highly educated city: 64.5% of adults have a college degree.
How much money do I need?
To rent here comfortably, you should earn about $96,400 a year. That is $46 an hour at a full-time job.
Is rent cheaper than other Tennessee cities?
No. Rent here is more expensive than in most of Tennessee. It is number 111 of 114 cities from cheapest to most expensive.
How much do households earn in Franklin?
Share of households by yearly income. 47.4% of households earn $100,000 or more.
Rent by apartment size in Franklin
| Size | Franklin | U.S. average |
|---|---|---|
| Studio | $1,791 | $1,338 |
| 1 bedroom | $1,875 | $1,324 |
| 2 bedrooms | $2,057 | $1,509 |
| 3 bedrooms | $2,527 | $1,698 |
| 4 bedrooms | $3,303 | $2,098 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Franklin overall?
Everyday prices in the Nashville-Davidson--Murfreesboro--Franklin metro area are 4% below the U.S. average (index 96.3, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024.
Taxes and bills in Franklin
Life in Franklin
What jobs pay in Franklin
| Job | Median pay | Rent / pay |
|---|---|---|
| Lawyer | $142,540 | 20.3% |
| Pharmacist | $137,590 | 21.0% |
| Physician Assistant | $129,050 | 22.4% |
| Software Developer | $126,610 | 22.8% |
| Nurse Practitioner | $122,320 | 23.6% |
| Operations Manager | $119,990 | 24.1% |
| Computer Systems Analyst | $99,270 | 29.1% |
| Civil Engineer | $98,650 | 29.3% |
| Dental Hygienist | $94,030 | 30.8% |
| Registered Nurse | $84,040 | 34.4% |
| Accountant | $78,080 | 37.0% |
| Market Research Analyst | $77,240 | 37.4% |
| Police Officer | $68,780 | 42.0% |
| Electrician | $63,340 | 45.7% |
| Licensed Practical Nurse | $61,940 | 46.7% |
| Elementary School Teacher | $61,460 | 47.1% |
| Truck Driver | $60,630 | 47.7% |
| HVAC Technician | $60,270 | 48.0% |
| Plumber | $60,100 | 48.1% |
| Carpenter | $55,770 | 51.9% |
| Firefighter | $49,300 | 58.7% |
| Customer Service Representative | $45,510 | 63.5% |
| Medical Assistant | $44,620 | 64.8% |
| Warehouse Worker | $39,790 | 72.7% |
| Nursing Assistant | $39,510 | 73.2% |
| Restaurant Cook | $38,170 | 75.8% |
| Retail Salesperson | $34,420 | 84.0% |
| Cashier | $30,570 | 94.6% |
| Server (Waiter/Waitress) | $29,390 | 98.4% |
Is it cheaper to rent or buy in Franklin?
Renting is cheaper right now: about $2,484 a month less.
Owning assumes a typical $705,400 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $70,540 for the down payment.
Frequently asked questions
What is the average rent in Franklin, TN?
Renting in Franklin costs a median of about $2,410 a month in 2026, including utilities. The Tennessee median is $1,279.
How much do I need to make to live in Franklin?
To keep rent under 30% of income, you need about $96,400 a year, or $46 an hour at a full-time job.
Is Franklin cheap or expensive?
Franklin is rated OK: rent takes 22.4% of the typical household income of $128,911. It ranks 111th cheapest of 114 Tennessee cities we track.
How much are property taxes in Franklin?
The median homeowner in Franklin pays $3,011 a year in property taxes, about 0.43% of the median home value.
Is Franklin more expensive than the national average?
Overall prices in the metro area are 4% 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 $705,400, about 5.5 times the typical yearly household income.
87,133 people live in Franklin. Numbers are typical (middle) values.