Franklin County, Iowa

Income Data

-9% vs. Iowa average
$63,648
Median Household Income
$32,451
Per Capita Income

At a Glance

Median Household Income
$63,648
-9% vs. state avg
Per Capita Income
$32,451
-18% vs. national
Income-to-Housing Ratio
53.7%
income as % of home value
Rank in Iowa
#79 / 99
by median household income

How Franklin County Compares

Franklin County$63,648
Iowa Average$69,830
National Median$74,755

Detailed Income Statistics

$63,648
Median Household Income
$32,451
Per Capita Income
$118,500
Median Home Value
53.7%
Income-to-Housing Ratio

Data Story

About Household Income in Franklin County, Iowa

Franklin Trails the National Income Mark

Franklin County's median household income of $63,648 sits 15% below the $74,755 national median. The county's economic position reflects the broader struggles of rural agricultural communities in Iowa.

Below State Average in Iowa

At $63,648, Franklin falls short of Iowa's median household income of $69,830, placing it in the lower-middle tier of state counties. The per capita income of $32,451 ranks notably below Iowa's $37,136 average.

Mixed Performance in the Cluster

Franklin's $63,648 income exceeds Fayette County's $58,764 but trails stronger performers like Grundy at $83,617 and Guthrie at $79,981. The regional variation suggests that employment opportunities differ considerably between neighboring counties.

Excellent Housing Affordability

Franklin's rent-to-income ratio of 12.2% is among the best in the region, with housing consuming minimal household earnings. The median home value of $118,500 is the lowest in this cluster, offering exceptional affordability.

Leverage Affordability Into Wealth Building

Franklin residents benefit from particularly low housing costs relative to income, freeing resources for saving and investing. Channeling even $200–$300 monthly into retirement accounts and education savings can generate substantial long-term returns.

Frequently Asked Questions

What is the median household income in Franklin County, Iowa?
The median household income in Franklin County, Iowa is $63,648, 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 $32,451, 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 $63,648.
How does Franklin County compare to the Iowa average?
Franklin County's median household income of $63,648 is lower than the Iowa state average of $69,830. The per capita income is $32,451, compared to the state average of $37,136.
What is the per capita income in Franklin County, Iowa?
The per capita income in Franklin County, Iowa is $32,451, 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 Iowa?
Franklin County's median household income of $63,648 is below the Iowa average of $69,830. The per capita income of $32,451 is also lower than the state average of $37,136. 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 Iowa?
Franklin County ranks #79 out of 99 counties in Iowa by median household income (1 = highest). With a median household income of $63,648 and per capita income of $32,451, it falls in the bottom third of counties statewide.

Income Comparison Calculator

See how your household income compares in Franklin County

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County median: $63,648 per year

vs. County Median

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vs. State Average

-9%

vs. National Median

-15%

vs. Franklin County MedianAbout equal
vs. Iowa Average9% below
vs. National Median15% below

Income Adequacy

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Your monthly income ($5,304) vs. median rent ($649/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.