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Franklin, OH

Complete financial data dashboard — cost of living, mortgage calculator, salary comparisons, and tax details.Source: U.S. Census Bureau ACS 2023 · FRED

Cost Index
50
Very Affordable
Median Home Value
$170,800
National: $426,735
Median Rent
$976/mo
National: $1,527/mo
Household Income
$58,134
National: $84,532
Population
11,670
Purchasing Power
138
100 = national baseline

Cost of Living Breakdown

Housing Cost Index
40 / 100
100 = national average
Rent Index
64 / 100
Overall Index
50
Very Affordable

Franklin Mortgage Calculator

Pre-filled with the local median home value of $170,800 and Ohio's property tax rate of 1.53%.

Salary & Purchasing Power

Median household income is $58,134 31% below the national average.

What $58,134 in Franklin Gets You Elsewhere

CityEquivalent SalaryDifference
New York, NY$175,565+202%
Los Angeles, CA$197,656+240%
Detroit, MI$46,507-20%

Property Tax in Franklin, OH

Est. Annual Property Tax
$2,613
Monthly Impact
$218
Added to your mortgage
Effective Rate
1.53%
National avg: ~1.00%

Ohio Tax Overview

Tax TypeOhioNational Avg
Property Tax Rate1.53%1.00%
Top Income Tax Rate3.5%~5.0%
State Sales Tax7.24%~5.0%

Compare Franklin to Another City

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Cost of Living Comparison

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Franklin, OH
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Cost Index Comparison (100 = National Avg)

Housing CostsNational Avg: 100
Franklin, OH: 40
Rent Prices
64
LC
Reviewed by LivabilityCalc Research Team
Financial Data Analysts · Census & Economic Data Specialists
📊 Data Sources & Methodology
  • Housing & Demographics: U.S. Census Bureau, American Community Survey (ACS) 2023 1-Year Estimates
  • Mortgage Rates: Freddie Mac Primary Mortgage Market Survey via Federal Reserve Economic Data (FRED)
  • Tax Rates: Tax Foundation State & Local Tax Data, 2024
  • Cost of Living Index: Calculated using Census housing + rental data vs. national median (see methodology)
Last data update: March 2026 · Mortgage rates updated weekly · Page auto-refreshes every 24 hours via ISR