Cost of Living in Franklin Square, NY
Population 30,897 · Census ACS 2020–2024 5-year estimates
The median rent in Franklin Square, NY is $2,102/month, 30% higher than the New York median and 49% higher than the U.S. median. The median home value is $657,000, 97% higher than the national median. Households earn a median of $143,263 a year, 67% higher than the state median.
Affordability
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Franklin Square vs. New York vs. U.S.
| Franklin Square | New York | U.S. | |
|---|---|---|---|
| Median rent | $2,102 | $1,621 | $1,413 |
| Median home value | $657,000 | $423,800 | $332,700 |
| Median household income | $143,263 | $85,974 | $80,734 |
| Homeownership rate | 83.2% | 54.3% | 65.2% |
| Bachelor's degree or higher | 38.4% | 40.2% | 35.7% |
| Poverty rate | 5.6% | 14.0% | 12.5% |
| Unemployment rate | 5.6% | 6.4% | 5.2% |
| Work from home | 11.5% | 14.9% | 15.1% |
| Median age | 40.0 | 39.8 | 38.9 |
FAQ
What is the average rent in Franklin Square, NY?
The median gross rent in Franklin Square, NY is $2,102 per month (ACS 2020–2024 5-year estimate).
How much do I need to earn to live in Franklin Square, NY?
Using the common 30% rule, renting a median-priced home takes about $84,080 a year in gross income.
Is Franklin Square, NY expensive to live in?
Rent there is 49% higher than the U.S. median, and the median home costs about 4.6 times the median household income.
Other cities in New York
Cities with a similar cost of living
Source: U.S. Census Bureau, American Community Survey 5-year estimates. Estimates have margins of error, especially for smaller places. This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
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