Affordable

What Salary Do You Need to Live in Franklin Town?

To afford a 2-bedroom in Franklin Town, you need to earn at least $86,360/year based on estimated fair market rent data. The median household income here is $138,062, which means the typical resident is $51,702 above the threshold.

Census ACS Data Pop. 32,777

Salary Required by Bedroom Size

Bedroom	Monthly Rent	Monthly Income	Annual Salary	vs. Median
Studio	$1,511	$5,037	$60,440	$-77,622
1 Bedroom	$1,792	$5,973	$71,680	$-66,382
2 Bedroom BENCHMARK	$2,159	$7,197	$86,360	$-51,702
3 Bedroom	$2,634	$8,780	$105,360	$-32,702
4 Bedroom	$3,239	$10,797	$129,560	$-8,502

Affordability Breakdown

Where the required salary line crosses above Franklin Town's median income — housing becomes unaffordable for the typical resident.

Required Salary Median Income

Income vs. Rent Snapshot

Median Income

$138,062

Annual household

2BR Required Salary

$86,360

Under 30% rule

Income Gap

+$51,702

Surplus

Verdict

Affordable

Ratio: 18.8%

The 30% Rule Calculator

Enter your annual salary to see what you can afford in Franklin Town

Your Annual Salary

Pre-filled with Franklin Town's median household income

Max monthly rent you can afford$3,452

Studio

$1,511/mo

1 BR

$1,792/mo

2 BR

$2,159/mo

3 BR

$2,634/mo

4 BR

$3,239/mo

Your salary is $0 above the median income in Franklin Town.

Salary Comparison by Bedroom

Bars left of the marker line are affordable for Franklin Town's median earner. Bars to the right require above-median income.

Affordable Above Median Median Income

What This Means If You're Moving to Franklin Town

Franklin Town, Massachusetts stands out as one of the more financially accessible housing markets in the state. The median household income of $138,062 significantly exceeds the $86,360 needed to comfortably afford a 2-bedroom at 30% of gross income — leaving a $51,702 annual surplus for savings, debt repayment, or lifestyle spending.

For remote workers or relocators evaluating Franklin Town, a studio at $1,511/month offers an even more aggressive savings rate. Even a 3-bedroom at $2,634/month remains accessible for dual-income households earning above $105,360.

To live comfortably with room for non-housing expenses, a break-even salary of approximately $129,540 would position you well — though many residents in Franklin Town manage on less given the favorable rent-to-income dynamics.

Economic Outlook

Local Job Market & Housing Dynamics

Affording rent isn't just about housing prices—it's heavily dependent on local employment opportunities and the strength of the job market in Franklin Town, Massachusetts.

With a total population of 32,777, the city supports an active civilian workforce of 18,526 people. A strong employment base often indicates a stable economy, which is crucial when committing to a lease requiring a $86,360 annual salary. The ratio of employed residents to the total population provides insight into the local economic health and competition for both jobs and housing.

Employed Workforce

18,526

Active civilian employees in Franklin Town

Frequently Asked Questions About Renting in Franklin Town

What salary do I need to live in Franklin Town, Massachusetts?

To afford a 2-bedroom in Franklin Town under the 30% rule, you need an annual salary of at least $86,360. The median household income in Franklin Town is $138,062.

Can I afford a 2-bedroom in Franklin Town on $138,062?

The affordability verdict for Franklin Town is "Affordable". The rent-to-income ratio is 18.8%, meaning median earners have a $51,702 surplus.

What is the average rent in Franklin Town compared to median income?

The median gross rent in Franklin Town is $1,792/month. With a median household income of $138,062, residents spend approximately 18.8% of their income on rent.

What salary do I need for a studio in Franklin Town?

A studio in Franklin Town rents for approximately $1,511/month. Under the 30% rule, you need an annual salary of $60,440 to afford this.

Is Franklin Town considered an affordable place to live?

Based on the surplus of $51,702 and an affordability verdict of "Affordable", Franklin Town is considered a affordable rental market when comparing the required 2-bedroom salary of $86,360 to the local median household income.

How Franklin Town Compares

Other cities in Massachusetts with salary requirements