States › Wisconsin › Franklin

Is Franklin, WI expensive to live in?

OKRent takes 21 cents of every $1 people earn here.
🏠 Rent per month (2026)$2,04316% higher than U.S. average
💵 Families earn per year (2026)$115,285about $9,607/month · 32% higher than U.S. average
🔑 House price$364,2009% higher than U.S. average

Rent is higher than in 71% of U.S. cities. A typical house costs about 3.2 years of household income. Most homes (77.3%) are owned, so rentals can be hard to find.

How much money do I need?

To rent here comfortably, you should earn about $81,720 a year. That is $39 an hour at a full-time job.

Is rent cheaper than other Wisconsin cities?

No. Rent here is more expensive than in most of Wisconsin. It is number 152 of 156 cities from cheapest to most expensive.

Franklin
$2,043
Beloit
$1,567
Manitowoc
$1,042
Oak Creek
$1,723
Greenfield
$1,555
Sun Prairie
$1,950
Fitchburg
$1,738

How much do households earn in Franklin?

Under $25k
8.9%
$25k–50k
13.7%
$50k–100k
30.5%
$100k–150k
24.6%
$150k+
17.9%

Share of households by yearly income. 42.5% of households earn $100,000 or more.

Rent by apartment size in Franklin

SizeFranklinU.S. average
Studio$1,019$1,338
1 bedroom$1,167$1,324
2 bedrooms$1,821$1,509
3 bedrooms$1,861$1,698

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

How expensive is Franklin overall?

Everyday prices in Wisconsin overall are 6% below the U.S. average (index 94.1, U.S. = 100).

Housing
79
Goods (food, clothes…)
94
Utilities
90
Other services
100
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 Wisconsin figure is shown.

Taxes and bills in Franklin

🏛️ Property tax$6,354a year · 1.74% of home value · U.S. $3,119
⚡ Electric bill$184a month (typical) · U.S. $156

Life in Franklin

Commute to work23.3 minU.S.: 26.4 min
College degree44.3%U.S.: 35.7%
Own their home77.3%U.S.: 65.2%
Below poverty line6.7%U.S.: 12.5%
Unemployment3.4%U.S.: 5.2%

Is it cheaper to rent or buy in Franklin?

Renting is cheaper right now: about $484 a month less.

Renting
$2,043
Owning
$2,527

Owning assumes a typical $364,200 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $36,420 for the down payment.

Frequently asked questions

What is the average rent in Franklin, WI?

Renting in Franklin costs a median of about $2,043 a month in 2026, including utilities. The Wisconsin median is $1,305.

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

To keep rent under 30% of income, you need about $81,720 a year, or $39 an hour at a full-time job.

Is Franklin cheap or expensive?

Franklin is rated OK: rent takes 21.3% of the typical household income of $115,285. It ranks 152nd cheapest of 156 Wisconsin cities we track.

How much are property taxes in Franklin?

The median homeowner in Franklin pays $6,354 a year in property taxes, about 1.74% of the median home value.

Is Franklin more expensive than the national average?

Overall prices in Wisconsin are 6% 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 $364,200, about 3.2 times the typical yearly household income.

35,886 people live in Franklin. Numbers are typical (middle) values.