Franklin, MN
526Residents
$51,500Median household income
$838/moMedian gross rent
$89,800Median home value
38.8Median age
10%Adults with a bachelor’s degree or higher
84%Homes lived in by their owners
1.7×Home value to household income
Median rent takes about 20% 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 $34,000 a year. In Minnesota that leaves roughly $2,266 a month after tax. See the full paycheck breakdown for $35,000.
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Source: Census ACS 2024 ACS 5-year, places. Small places carry larger margins of error.