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Cost of Living in Franklin County, MO

Population 105,950 · Census ACS 2020–2024 5-year estimates

Median rent$893
Median home value$227,600
Median household income$73,165

The median rent in Franklin County, MO is $893/month, 14% lower than the Missouri median and 37% lower than the U.S. median. The median home value is $227,600, 32% lower than the national median. Households earn a median of $73,165 a year, 3% higher than the state median.

Affordability

Rent as a share of median income: 14.6%
Income needed for median rent (30% rule): $35,720/yr
Home price-to-income ratio: 3.1×
Est. mortgage on the median home (20% down, 6.5% for 30 yrs, principal + interest): $1,151/mo

Run your own numbers: mortgage calculator · hourly to salary

Franklin County vs. Missouri vs. U.S.

Franklin CountyMissouriU.S.
Median rent$893$1,033$1,413
Median home value$227,600$230,300$332,700
Median household income$73,165$70,702$80,734
Homeownership rate76.5%68.1%65.2%
Bachelor's degree or higher23.7%32.4%35.7%
Poverty rate8.2%12.6%12.5%
Unemployment rate4.3%4.0%5.2%
Work from home10.3%13.0%15.1%
Median age41.839.038.9

FAQ

What is the average rent in Franklin County, MO?

The median gross rent in Franklin County, MO is $893 per month (ACS 2020–2024 5-year estimate).

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

Using the common 30% rule, renting a median-priced home takes about $35,720 a year in gross income.

Is Franklin County, MO expensive to live in?

Rent there is 37% lower than the U.S. median, and the median home costs about 3.1 times the median household income.

Other counties in Missouri

St. Louis County, MORent $1,209 · Income $82,936Jackson County, MORent $1,197 · Income $68,577St. Charles County, MORent $1,370 · Income $104,692Greene County, MORent $989 · Income $61,479St. Louis city, MORent $997 · Income $56,160Clay County, MORent $1,243 · Income $88,468

Counties with a similar cost of living

Marshall County, IARent $885 · Income $73,315Mille Lacs County, MNRent $903 · Income $72,729Franklin County, IDRent $894 · Income $71,950Kingfisher County, OKRent $891 · Income $71,975Millard County, UTRent $882 · Income $73,639Wayne County, OHRent $881 · Income $73,574

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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