Franklin County, IL
Comprehensive housing, income, and cost of living data for Franklin County, Illinois. Population: 37.8K.
Housing & Finance
Demographics & Economics
Racial Demographics
Source: Census ACS 2023. Hispanic/Latino ethnicity counted separately from race.
Climate & Environment
Frequently Asked Questions
What is the median home price in Franklin County, IL?
The median home price in Franklin County, Illinois is $101.1K. The price-to-income ratio is 1.9x, meaning the median home costs 1.9 times the median household income.
What salary do you need to buy a home in Franklin County?
Based on a 30-year mortgage at 6.5% with 20% down and the 28% debt-to-income rule, you need approximately $28.4K per year to buy the median home in Franklin County, IL. Monthly housing costs break down to $511 for mortgage, $110 for property tax, and $42.11 for insurance.
What is the property tax rate in Franklin County?
The effective property tax rate in Franklin County is 1.30%, which comes to approximately $1,316 per year on the median home.
What is the median household income in Franklin County?
The median household income in Franklin County, Illinois is $53.5K per year, based on Census Bureau American Community Survey data. The unemployment rate is 5.2%%.
Is Franklin County a good place to live?
Franklin County, Illinois has a population of 37.8K. Housing affordability is strong with a price-to-income ratio of 1.9x. The climate averages 56 degrees F with 164 sunny days per year. Compare Franklin County with other areas using our cost of living tools to find the best fit for your budget and lifestyle.