Franklin County, Maine
Income Data
At a Glance
How Franklin County Compares
Detailed Income Statistics
Data Story
About Household Income in Franklin County, Maine
Franklin County trails national income average
Franklin County's median household income of $58,522 falls $16,233 short of the national median of $74,755. The county reflects rural Maine's economic constraints and limited access to higher-wage industries.
Second-lowest income among Maine counties
Franklin County ranks 15th out of 16 Maine counties with a median household income of $58,522, just $8,350 above last-place Aroostook. The county struggles with limited economic diversification and employment opportunities.
Income below county benchmark averages
Franklin's $58,522 ranks below regional peer Kennebec County ($65,062) and significantly trails Hancock County ($69,630) to the northeast. The county faces headwinds in competing for higher-wage jobs.
Housing costs remain manageable and affordable
Franklin County has the lowest rent-to-income ratio in Maine at 15.6%, providing households substantial financial cushion despite lower incomes. With median home values at $176,700, homeownership remains attainable for median earners.
Build wealth through consistent, disciplined saving
Franklin County residents earning $58,522 can leverage their housing affordability advantage to free up dollars for savings and investing. Automated contributions to retirement accounts ensure wealth building even on moderate incomes.
Frequently Asked Questions
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Income Comparison Calculator
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Your income is above the Franklin County median
County median: $58,522 per year
vs. County Median
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vs. State Average
-12%
vs. National Median
-22%
Income Adequacy
Your monthly income ($4,877) vs. median rent ($759/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.