Franklin County, Florida
Income Data
At a Glance
How Franklin County Compares
Detailed Income Statistics
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
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Income Comparison Calculator
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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%
Income Adequacy
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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Compare RatesData: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.