B-

Franklin, IN

Source:

Affordability Score: 66/100

Population: 31,036 · 1 ZIP codes

The affordability dashboard for Franklin, IN aggregates Census ACS 5-Year Estimates across 1 ZIP code covering 31,036 residents, then layers in county-level federal data to produce an overall grade of B- (66/100). The headline inputs are median household income of $85,076, median home value of $247,700, median rent of $1,177 per month, and 27.0% of adults holding a bachelor's degree or higher. These four metrics alone explain most of the variance between city dashboards.

Cross-agency feeds widen the picture beyond Census demographics. HUD publishes a Fair Market Rent for a 2-bedroom in this county at $1,473 per month (studio $1,118, 1BR $1,267, 3BR $1,907, 4BR $2,338).

Reading the overall grade requires reading all seven dimensions together. The score weights Income 20%, Safety 20%, Housing 15%, Rent 15%, Education 10%, Commute 10%, and Childcare 10%, with each sub-score benchmarked against national percentiles rather than state averages — so the grade is genuinely comparable across any city in the country. Strengths visible in the raw data for Franklin, IN include rent. Unemployment currently reads 3.0% and poverty 9.8% — numbers worth keeping alongside the headline grade.

Score Breakdown

Income B
$85,076
Median household income
Education D
27.0%
Bachelor's degree or higher
Housing B
2.9x
Home value $247,700 vs income
Commute D
26 min
Average commute time
Rent B+
$1,473/mo
2BR fair market rent (21% of income)
Safety N/A
N/A
Violent crime rate (county)
Childcare N/A
N/A
Center-based infant care cost

Income & Employment

Median Income
$85,076
▲ 37% vs national
Per Capita Income
$38,560
Unemployment Rate
3.0%
Poverty Rate
9.8%

Housing

Median Home Value
$247,700
▼ 10% vs national
Median Rent
$1,177/mo
Owner Occupied
71.6%
2BR Fair Market Rent
$1,473/mo
▲ 23% vs national

Fair Market Rents by Bedroom

Studio
$1,118
1BR
$1,267
2BR
$1,473
3BR
$1,907
4BR
$2,338

Safety

Violent Crime Rate
Data Source
FBI UCR (county-level)

Education & Family

Bachelor's Degree+
27.0%
▼ 3 ppt vs national
High School+
59.5%
Median Age
36.4
Avg. Commute
26 min
▲ 0 min vs national

Childcare Costs

Infant (Center)
Toddler (Center)
Preschool (Center)
School-Age (Center)

What This Means

Franklin, IN receives an overall affordability grade of B- (66/100), aggregated from 1 ZIP codes with a total population of 31,036. This area performs well in rent. Data was unavailable for safety, childcare — these dimensions were excluded from the overall score.

Nearby City Dashboards

Explore Franklin ZIP Codes
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What are common questions about this dashboard?

Is Franklin, IN affordable?
Franklin, IN receives an overall affordability grade of B- (66/100) based on Census, HUD, FBI, and DOL data. Median household income is $85,076. Median home value is $247,700.
What is the cost of living in Franklin?
Key cost metrics: Median rent $1,177/mo. 2BR fair market rent $1,473/mo. Median home value $247,700.
How is the affordability score calculated?
The score evaluates 7 dimensions weighted by importance: Income (20%), Safety (20%), Housing (15%), Rent (15%), Education (10%), Commute (10%), and Childcare (10%). Each metric is compared against national percentile benchmarks from Census, HUD, FBI, and DOL data.

Data as of 2024. Source: U.S. Census Bureau ACS 5-Year Estimates. Source: HUD Fair Market Rents. Source: FBI Uniform Crime Report. Source: DOL National Database of Childcare Prices. Verify with HUD →