Cost of Living in Franklin Square, New York
Franklin Square has a population of about 30,897. The median household income is $143,263, median gross rent is $2,102/month, and the median home value is $657,000. These figures come from 2020-2024 ACS 5-Year estimates, the latest full-coverage Census baseline for U.S. cities.
How current is this? Census city data is released with a lag because it is survey-based and designed for consistent coverage across small and large places. Use it as an official affordability baseline; current apartment listings and mortgage rates may differ.
Is Franklin Square expensive to live in?
Compared with the national median in this dataset, rent in Franklin Square is 27% above the national median and home values are 75% above the national median. Household income here is 71% above the national median. Monthly rent represents roughly 18% of the median annual household income, a rough affordability signal for renters.
Frequently asked questions
What is the average rent in Franklin Square?
The median gross rent in Franklin Square, New York is $2,102 per month in the 2020-2024 ACS 5-Year estimates.
What is the median home price in Franklin Square?
The median owner-occupied home value in Franklin Square is $657,000 in the 2020-2024 ACS 5-Year estimates.
How much do people earn in Franklin Square?
The median household income in Franklin Square is $143,263 per year in the 2020-2024 ACS 5-Year estimates.
Data source: U.S. Census Bureau, 2020-2024 ACS 5-Year Estimates. Local database last refreshed 2026-07-11.