Ohio · Census, HUD and BEA figures · Updated

Cost of Living in Franklin County, OH

Prices around Franklin County, OH run 4.5% below the U.S. average (BEA, the metro area). The typical household there earns $75,176 a year, and HUD puts a two-bedroom at $1,430 a month. Keeping that rent under 30% of income takes about $57,200 a year.

Franklin County, OH at a glance

Median household income

$75,176$6,265 per month · U.S. Census Bureau ACS 5-Year
2-bedroom rent$1,430HUD FY2026 Fair Market Rent
Price level (U.S. = 100)95.5-4.5% · BEA, the metro area
Electricity19.2¢per kWh · EIA Residential OH
Population1,333,048Census ACS 5-year estimate

How much rent can you afford in Franklin County, OH?

HUD’s fair market rent for each size, against what a typical household here earns. Change the income to see yours.

Affordable (< 30% of income)
HUD Fair Market Rent$1,430Monthly market rent
Share of gross income22.8%Recommended max: 30%
Annual income needed$57,200To meet the 30% standard
Max affordable rent$1,879At 30% of $75,176
0%30% (Affordability standard)100%
Compare against:

How much is rent in Franklin County, OH? By bedroom, 2026

HUD's fiscal 2026 Fair Market Rents for Columbus, OH HUD Metro FMR Area, with the income each one takes if rent stays under 30% of it.

HUD Fair Market Rent in Franklin County, OH, fiscal 2026
Unit SizeMonthly RentAnnual Rent30% Rule Min. Income% of Median Income
Studio / Efficiency$1,111$13,332$44,44017.7%
1-Bedroom Apartment$1,194$14,328$47,76019.1%
2-Bedroom ApartmentBenchmark$1,430$17,160$57,20022.8%
3-Bedroom Home$1,715$20,580$68,60027.4%
4-Bedroom Home$1,927$23,124$77,08030.8%

Rent in Franklin County, OH, with the wage each unit needs →

What a typical income covers in Franklin County, OH

The 50/30/20 rule applied to the local median of $75,176 a year ($6,265 a month before tax).

Needs (50%)$3,132/moRent ($1,430 2-BR), utilities (~$173/mo), groceries, transit
Wants (30%)$1,879/moEating out, travel, subscriptions and the rest
Savings and debt (20%)$1,253/moEmergency fund, retirement, paying down loans

What $75,176 leaves after Ohio taxes

Federal income tax, Social Security, Medicare and Ohio tax on the local median income. Change the salary to see yours.

$75,176
$30,000$155,000
Filing status:
Gross salary breakdown$75,176
Net 80%
Fed 10%
OH 2%
FICA 8%
Annual take-home$60,092After all taxes
Monthly deposit$5,008Estimated per month
Biweekly paycheck$2,311Every 2 weeks (26/yr)
Effective tax rate20.1%Total tax burden
Federal income tax$7,709 / yr
Ohio state income tax$1,624 / yr
FICA (Social Security & Medicare)$5,751 / yr

Living in Franklin County, OH: common questions

What is the median household income in Franklin County, OH?

According to the latest U.S. Census Bureau ACS 5-Year survey, the median household income in Franklin County, OH is $75,176 per year (approximately $6,265 per month).

What is the average rent in Franklin County, OH?

The closest official figure is HUD's Fair Market Rent for 2026: $1,111 for a studio, $1,194 for one bedroom, $1,430 for two, $1,715 for three and $1,927 for four, utilities included.

It is not an average of listings. HUD sets it at the rent 40% of recent movers paid or less for a standard unit, so a new lease on a nicer place will usually cost more.

Is Franklin County, OH expensive to live in?

Prices there run 4.5% below the U.S. average. BEA's regional price parity for the metro area is 95.5, where the U.S. is 100. Rent moves the number most: housing is where places differ, while goods cost about the same everywhere.

How much do you need to earn to comfortably afford rent in Franklin County, OH?

To keep a $1,430 two-bedroom under 30% of gross income, a household needs about $57,200 a year, or $4,767 a month. That is 76% of what the typical household in Franklin County, OH earns.

How much do you need to live comfortably in Franklin County, OH?

On the local median income of $75,176 ($6,265 a month before tax), the 50/30/20 rule leaves $3,132 a month for needs like rent, utilities and groceries, $1,879 for everything else and $1,253 for savings or debt. A two-bedroom at $1,430 takes 46% of the needs share.

How much is the electric bill in Franklin County, OH?

Homes in Ohio paid 19.2¢ per kWh on average (EIA). At 900 kWh a month, a typical use, that is about $173. Your bill depends mostly on heating and cooling.