Franklin County, Florida

Income Data

-4% vs. Florida average
$62,734
Median Household Income
$33,893
Per Capita Income

At a Glance

Median Household Income
$62,734
-4% vs. state avg
Per Capita Income
$33,893
-14% vs. national
Income-to-Housing Ratio
24.7%
income as % of home value
Rank in Florida
#40 / 67
by median household income

How Franklin County Compares

Franklin County$62,734
Florida Average$65,468
National Median$74,755

Detailed Income Statistics

$62,734
Median Household Income
$33,893
Per Capita Income
$254,300
Median Home Value
24.7%
Income-to-Housing Ratio

Data Story

About Household Income in Franklin County, Florida

Franklin's income lags national benchmark

Franklin County's median household income of $62,734 trails the national median of $74,755 by about $12,000, placing it below the U.S. average. The county's per capita income of $33,893 also falls short of national figures, reflecting a more modest earning structure.

Moderate earner within Florida

Franklin's median household income of $62,734 sits about 4.2% below Florida's state average of $65,468, ranking it in the lower-middle tier of Florida counties. The county's per capita income of $33,893 exceeds the state average of $35,698, suggesting more balanced earnings distribution despite lower overall incomes.

Franklin competes with Gulf Coast counties

Franklin's $62,734 median household income aligns closely with other small Gulf Coast counties like Gilchrist ($61,070) but trails Gulf County ($67,361). The county's earnings reflect its rural, coastal economy where income growth has been steady but modest compared to faster-developing regions.

Excellent housing affordability advantage

Franklin's rent-to-income ratio of 20.0% is among the lowest in Florida, well below the 30% affordability threshold, making housing costs highly manageable. A median home value of $254,300 paired with lower household incomes creates genuine affordability for residents who can access stable employment.

Maximize savings with low housing costs

Franklin's low housing burden leaves households more money for savings, investing, and building wealth compared to higher-cost counties. Focus on stabilizing income through skill development and exploring side income opportunities to accelerate financial progress.

Frequently Asked Questions

What is the median household income in Franklin County, Florida?
The median household income in Franklin County, Florida is $62,734, according to U.S. Census Bureau American Community Survey 2019-2023 5-Year Estimates. This represents the midpoint of all household incomes in the county.
How much do people earn in Franklin County?
The per capita income in Franklin County is $33,893, which represents the average income per person across the entire county population. The median household income — which accounts for all earners in a household — is $62,734.
How does Franklin County compare to the Florida average?
Franklin County's median household income of $62,734 is lower than the Florida state average of $65,468. The per capita income is $33,893, compared to the state average of $35,698.
What is the per capita income in Franklin County, Florida?
The per capita income in Franklin County, Florida is $33,893, according to U.S. Census Bureau American Community Survey 2019-2023 5-Year Estimates. Per capita income is calculated by dividing total personal income by total population, providing an average income figure per resident.
Is Franklin County a low-income area in Florida?
Franklin County's median household income of $62,734 is below the Florida average of $65,468. The per capita income of $33,893 is also lower than the state average of $35,698. Lower incomes can reflect the local economic base, rural vs. urban location, and employment opportunities available in the area.
How does Franklin County rank for income in Florida?
Franklin County ranks #40 out of 67 counties in Florida by median household income (1 = highest). With a median household income of $62,734 and per capita income of $33,893, it falls in the middle third of counties statewide.

Income Comparison Calculator

See how your household income compares in Franklin County

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Your income is above the Franklin County median

County median: $62,734 per year

vs. County Median

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vs. State Average

-4%

vs. National Median

-16%

vs. Franklin County MedianAbout equal
vs. Florida Average4% below
vs. National Median16% below

Income Adequacy

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Your monthly income ($5,228) vs. median rent ($1,044/mo). A ratio of 3.3x or higher means rent is under 30% of income.

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Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.