salaryRent is higher than in 87% of U.S. cities. Household incomes are higher than in 91% of U.S. cities. A typical house costs about 3.9 years of household income. Commutes are long, about 32.5 minutes each way. Most homes (78.2%) are owned, so rentals can be hard to find. It is a highly educated city: 58.1% of adults have a college degree.
How much money do I need?
To rent here comfortably, you should earn about $103,560 a year. That is $50 an hour at a full-time job.
Is rent cheaper than other Massachusetts cities?
No. Rent here is more expensive than in most of Massachusetts. It is number 85 of 123 cities from cheapest to most expensive.
How much do households earn in Franklin Town?
Share of households by yearly income. 56.9% of households earn $100,000 or more.
Rent by apartment size in Franklin Town
| Size | Franklin Town | U.S. average |
|---|---|---|
| Studio | $2,057 | $1,338 |
| 1 bedroom | $1,811 | $1,324 |
| 2 bedrooms | $2,265 | $1,509 |
| 3 bedrooms | $2,942 | $1,698 |
| 4 bedrooms | $1,697 | $2,098 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Franklin Town overall?
Everyday prices in Massachusetts overall are 6% above the U.S. average (index 105.8, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Franklin Town, so the Massachusetts figure is shown.
Taxes and bills in Franklin Town
Life in Franklin Town
Is it cheaper to rent or buy in Franklin Town?
Renting is cheaper right now: about $1,655 a month less.
Owning assumes a typical $611,700 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $61,170 for the down payment.
Frequently asked questions
What is the average rent in Franklin Town, MA?
Renting in Franklin Town costs a median of about $2,589 a month in 2026, including utilities. The Massachusetts median is $2,331.
How much do I need to make to live in Franklin Town?
To keep rent under 30% of income, you need about $103,560 a year, or $50 an hour at a full-time job.
Is Franklin Town cheap or expensive?
Franklin Town is rated Cheap: rent takes 19.8% of the typical household income of $157,216. It ranks 85th cheapest of 123 Massachusetts cities we track.
How much are property taxes in Franklin Town?
The median homeowner in Franklin Town pays $7,044 a year in property taxes, about 1.15% of the median home value.
Is Franklin Town more expensive than the national average?
Overall prices in Massachusetts are 6% above the U.S. average, according to the U.S. Bureau of Economic Analysis.
How much does a house cost in Franklin Town?
The median home value in Franklin Town is $611,700, about 3.9 times the typical yearly household income.
33,154 people live in Franklin Town. Numbers are typical (middle) values.