Franklin County, Maine

Income Data

-12% vs. Maine average
$58,522
Median Household Income
$34,456
Per Capita Income

At a Glance

Median Household Income
$58,522
-12% vs. state avg
Per Capita Income
$34,456
-13% vs. national
Income-to-Housing Ratio
33.1%
income as % of home value
Rank in Maine
#11 / 16
by median household income

How Franklin County Compares

Franklin County$58,522
Maine Average$66,872
National Median$74,755

Detailed Income Statistics

$58,522
Median Household Income
$34,456
Per Capita Income
$176,700
Median Home Value
33.1%
Income-to-Housing Ratio

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

What is the median household income in Franklin County, Maine?
The median household income in Franklin County, Maine is $58,522, 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 $34,456, 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 $58,522.
How does Franklin County compare to the Maine average?
Franklin County's median household income of $58,522 is lower than the Maine state average of $66,872. The per capita income is $34,456, compared to the state average of $38,859.
What is the per capita income in Franklin County, Maine?
The per capita income in Franklin County, Maine is $34,456, 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 Maine?
Franklin County's median household income of $58,522 is below the Maine average of $66,872. The per capita income of $34,456 is also lower than the state average of $38,859. 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 Maine?
Franklin County ranks #11 out of 16 counties in Maine by median household income (1 = highest). With a median household income of $58,522 and per capita income of $34,456, it falls in the middle third of counties statewide.

Income Comparison Calculator

See how your household income compares in Franklin County

$
1.00x

Your income is above the Franklin County median

County median: $58,522 per year

vs. County Median

+0%

vs. State Average

-12%

vs. National Median

-22%

vs. Franklin County MedianAbout equal
vs. Maine Average12% below
vs. National Median22% below

Income Adequacy

Monthly income covers median rent6.4x

Your monthly income ($4,877) vs. median rent ($759/mo). A ratio of 3.3x or higher means rent is under 30% of income.

Sponsored

Grow Your Wealth

See how your income stacks up in Franklin County, Maine? Start investing smarter with a robo-advisor that builds a diversified portfolio for you.

Start Investing

Counties with Similar Income Levels

Sponsored

Compare Financial Products in Maine

Compare savings accounts, CDs, and money market rates from top banks to make the most of your earnings.

Compare Rates

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