Franklin County, Illinois
Income Data
At a Glance
How Franklin County Compares
Detailed Income Statistics
Data Story
About Household Income in Franklin County, Illinois
Franklin struggles against national median
Franklin County's median household income of $53,471 trails the national median of $74,755 by $21,284, ranking it in the 20th percentile nationally. This significant gap reflects the deeper economic challenges facing southern Illinois coal and agricultural communities.
Lowest-income county in this group
Franklin County's household income of $53,471 ranks among the lowest in Illinois, falling $15,109 below the state average of $68,580. Per capita income of $29,659 is the lowest in this analysis, reflecting limited wage-earning opportunities.
Most challenged in the region
Franklin County households earn $53,471, the lowest among these eight counties and nearly $22,000 below Effingham County. Even compared to struggling peers like Fayette and Ford counties, Franklin faces steeper economic headwinds, likely driven by legacy coal industry decline.
Housing costs severely strain budgets
Franklin County's rent-to-income ratio of 17.3% is the highest in this group, meaning housing costs consume an outsized share of already-limited income. While median home values ($87,700) are among the lowest, affordability remains a acute concern for renters and lower-wage households.
Explore local economic development opportunities
Franklin County residents may benefit most from focusing on skills-based training, entrepreneurship, or relocating to higher-wage employment centers. Even before investing, consider consulting a nonprofit credit counselor to optimize debt management and build financial stability.
Frequently Asked Questions
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Income Comparison Calculator
See how your household income compares in Franklin County
Your income is above the Franklin County median
County median: $53,471 per year
vs. County Median
+0%
vs. State Average
-22%
vs. National Median
-28%
Income Adequacy
Your monthly income ($4,456) vs. median rent ($771/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.