Franklin, TX
1,530Residents
$54,265Median household income
$889/moMedian gross rent
$168,800Median home value
35.1Median age
22%Adults with a bachelor’s degree or higher
45%Homes lived in by their owners
3.1×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 $36,000 a year. In Texas that leaves roughly $2,592 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.