Counties › Maine

Cost of Living in Franklin County, ME

Population 30,413 · Census ACS 2020–2024 5-year estimates

Median rent$802
Median home value$194,700
Median household income$58,675

The median rent in Franklin County, ME is $802/month, 30% lower than the Maine median and 43% lower than the U.S. median. The median home value is $194,700, 41% lower than the national median. Households earn a median of $58,675 a year, 21% lower than the state median.

Affordability

Rent as a share of median income: 16.4%
Income needed for median rent (30% rule): $32,080/yr
Home price-to-income ratio: 3.3×
Est. mortgage on the median home (20% down, 6.5% for 30 yrs, principal + interest): $985/mo

Run your own numbers: mortgage calculator · hourly to salary

Franklin County vs. Maine vs. U.S.

Franklin CountyMaineU.S.
Median rent$802$1,139$1,413
Median home value$194,700$296,600$332,700
Median household income$58,675$74,733$80,734
Homeownership rate76.3%74.3%65.2%
Bachelor's degree or higher32.0%36.2%35.7%
Poverty rate12.2%10.7%12.5%
Unemployment rate4.6%3.8%5.2%
Work from home13.0%15.9%15.1%
Median age46.144.838.9

FAQ

What is the average rent in Franklin County, ME?

The median gross rent in Franklin County, ME is $802 per month (ACS 2020–2024 5-year estimate).

How much do I need to earn to live in Franklin County, ME?

Using the common 30% rule, renting a median-priced home takes about $32,080 a year in gross income.

Is Franklin County, ME expensive to live in?

Rent there is 43% lower than the U.S. median, and the median home costs about 3.3 times the median household income.

Other counties in Maine

Cumberland County, MERent $1,589 · Income $95,677York County, MERent $1,339 · Income $88,333Penobscot County, MERent $1,041 · Income $66,356Kennebec County, MERent $992 · Income $69,077Androscoggin County, MERent $1,010 · Income $67,873Aroostook County, MERent $784 · Income $56,700

Counties with a similar cost of living

Camp County, TXRent $801 · Income $58,843Macon County, NCRent $803 · Income $59,061Sanilac County, MIRent $807 · Income $58,863Phelps County, MORent $798 · Income $58,396Osceola County, MIRent $807 · Income $58,267Potter County, PARent $809 · Income $59,020

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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