What is the median household income in Franklin Township (Wayne County), OH?
The median household income in Franklin Township (Wayne County), OH is $71,384 (±$13,215) a year (2020–2024 American Community Survey).
Paying the median gross rent of $842 a month would take about $33,700 a year at the common guideline of spending no more than 30% of income on rent.
In Franklin Township (Wayne County), the median household income went from $61,932 in 2015–2019 to $71,384 in 2020–2024 (+15.3%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
Figures last updated on .
- Median household income
- $71,384 (±$13,215)
- Median renter income
- $62,846 (±$18,413)
- Income to afford median rent
- about $33,700
Income in Franklin Township (Wayne County) against Wayne County, its state and the nation
| Franklin Township (Wayne County) | Wayne County | Ohio | United States | |
|---|---|---|---|---|
| Median household income | $71,384 (±$13,215) | $73,574 (±$2,496) | $71,389 (±$321) | $80,734 |
| Median renter household income | $62,846 (±$18,413) | $46,240 (±$3,090) | $42,829 (±$325) | $52,966 |
| Median owner household income | $81,176 (±$13,385) | $83,857 (±$2,235) | $90,122 (±$343) | $100,009 |
| Median gross rent | $842 (±$95) | $881 (±$23) | $1,034 (±$5) | $1,413 |
In Franklin Township (Wayne County), median household income is not measurably different from Wayne County ($73,574).
It is not measurably different from Ohio ($71,389).
It is not measurably different from the national figure ($80,734).
In Wayne County, Franklin Township (Wayne County) ranks 19 of 31 places with a published estimate, from highest to lowest median household income.
Statewide, it ranks 1166 of 2,325.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How much you need to earn to rent in Franklin Township (Wayne County)
Many landlords and housing programs use 30% of gross income as the most a household should spend on rent.
At that guideline, the median gross rent of $842 a month ($10,104 a year) needs an income of about $33,700 a year.
The median renting household in Franklin Township (Wayne County) earns $62,846 a year.
This is arithmetic on the published medians, not a rule any landlord must follow; screening criteria vary and some places limit how income may be weighed.
Income against housing costs since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median household income | $61,932 (±$6,814) | $71,384 (±$13,215) | +15.3% | No measurable change after inflation |
| Median gross rent | $522 (±$276) | $842 (±$95) | +61.3% | No measurable change after inflation |
| Median home value | $171,400 (±$14,891) | $275,800 (±$33,617) | +60.9% | Up after inflation |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Median household income in places near Franklin Township (Wayne County)
| Place | Distance | Median household income | Compared with this place |
|---|---|---|---|
| Franklin Township (Wayne County) | — | $71,384 (±$13,215) | — |
| Fredericksburg | 4.0 mi | $75,909 (±$8,434) | Not measurably different |
| Wooster Township | 4.1 mi | $70,296 (±$10,630) | Not measurably different |
| Apple Creek | 5.4 mi | $71,250 (±$8,536) | Not measurably different |
| Shreve | 5.6 mi | $66,220 (±$6,598) | Not measurably different |
| Salt Creek Township (Wayne County) | 5.6 mi | $79,844 (±$9,174) | Not measurably different |
| Prairie Township (Holmes County) | 6.0 mi | $68,319 (±$15,240) | Not measurably different |
| Holmesville | 6.1 mi | $78,929 (±$15,468) | Not measurably different |
| East Union Township | 6.8 mi | $72,778 (±$9,934) | Not measurably different |
None of the nearby places differs measurably from this one on this figure.
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median household income across Wayne County, place by place
| Rank | Place | Median household income |
|---|---|---|
| 13 | Green Township (Wayne County) | $73,422 (±$7,103) |
| 14 | East Union Township | $72,778 (±$9,934) |
| 15 | Orrville | $72,569 (±$11,271) |
| 16 | Clinton Township (Wayne County) | $72,336 (±$8,992) |
| 17 | Congress Township (Wayne County) | $71,958 (±$18,033) |
| 18 | Smithville | $71,944 (±$8,800) |
| 19 | Franklin Township (Wayne County) | $71,384 (±$13,215) |
| 20 | Apple Creek | $71,250 (±$8,536) |
| 21 | Wooster Township | $70,296 (±$10,630) |
| 22 | Milton Township (Wayne County) | $69,401 (±$10,703) |
| 23 | Dalton | $68,571 (±$19,997) |
| 24 | Creston | $68,500 (±$10,186) |
| 25 | Wooster | $66,898 (±$3,954) |
Showing 13 of 31 places in Wayne County, ranked from highest to lowest.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about Franklin Township (Wayne County)
What is the median household income in Franklin Township (Wayne County)?
The median household income in Franklin Township (Wayne County) is $71,384 (±$13,215) a year (2020–2024 American Community Survey).
How much do you need to make to afford rent in Franklin Township (Wayne County)?
About $33,700 a year, if rent is to stay at or below 30% of income at the median gross rent of $842 a month.
Have incomes in Franklin Township (Wayne County) kept up with inflation?
In Franklin Township (Wayne County), the median household income went from $61,932 in 2015–2019 to $71,384 in 2020–2024 (+15.3%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
What do renters earn in Franklin Township (Wayne County)?
The median renting household in Franklin Township (Wayne County), OH earns $62,846 (±$18,413) a year.
Sources
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Franklin township, Wayne County, Ohio
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Franklin township, Wayne County, Ohio
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Franklin township, Wayne County, Ohio
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — Franklin township, Wayne County, Ohio
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Franklin township, Wayne County, Ohio
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Franklin township, Wayne County, Ohio
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for Franklin township, Wayne County, Ohio (county subdivision:28504, in state:39 county:169).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B19013_001E, B19013_001M, B25064_001E, B25064_001M, B25077_001E, B25077_001M from the 2019 release.
The API needs a free key.
DP03_0062E, DP03_0062M, B25119_003E, B25119_003M, B25119_002E, B25119_002M, DP04_0134E, DP04_0134M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
Related
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- Renters and owners in Franklin Township (Wayne County)
- Home values in Franklin Township (Wayne County)
- Homeowner costs in Franklin Township (Wayne County)
- Property taxes in Franklin Township (Wayne County)
- Types of homes in Franklin Township (Wayne County)
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- Heating fuel in Franklin Township (Wayne County)
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- Population growth in Franklin Township (Wayne County)
- How long people stay in Franklin Township (Wayne County)
- Ohio landlord and tenant rules
- Housing across Wayne County
- Ohio places ranked by median household income
- Housing data for every place in Ohio