Franklin, IL
650Residents
$75,714Median household income
$940/moMedian gross rent
$116,400Median home value
36.4Median age
21%Adults with a bachelor’s degree or higher
66%Homes lived in by their owners
1.5×Home value to household income
Median rent takes about 15% of the median household income in Franklin.
What pay do you need to rent here?
To keep rent at or below 30% of gross pay, you would need about $38,000 a year. In Illinois that leaves roughly $2,569 a month after tax. See the full paycheck breakdown for $40,000.
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Source: Census ACS 2024 ACS 5-year, places. Small places carry larger margins of error.