What is the median household income in Franklin Township (Chester County), PA?
The median household income in Franklin Township (Chester County), PA is $144,403 (±$22,131) a year (2020–2024 American Community Survey).
Paying the median gross rent of $1,904 a month would take about $76,200 a year at the common guideline of spending no more than 30% of income on rent.
In Franklin Township (Chester County), the median household income went from $138,750 in 2015–2019 to $144,403 in 2020–2024 (+4.1%).
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
- $144,403 (±$22,131)
- Median renter income
- $103,405 (±$20,106)
- Income to afford median rent
- about $76,200
Income in Franklin Township (Chester County) against Chester County, its state and the nation
| Franklin Township (Chester County) | Chester County | Pennsylvania | United States | |
|---|---|---|---|---|
| Median household income | $144,403 (±$22,131) | $127,208 (±$2,511) | $77,971 (±$342) | $80,734 |
| Median renter household income | $103,405 (±$20,106) | $72,048 (±$3,796) | $47,506 (±$425) | $52,966 |
| Median owner household income | $150,417 (±$26,826) | $152,573 (±$2,451) | $95,990 (±$362) | $100,009 |
| Median gross rent | $1,904 (±$320) | $1,763 (±$28) | $1,209 (±$5) | $1,413 |
In Franklin Township (Chester County), median household income is not measurably different from Chester County ($127,208).
It is also higher than in Pennsylvania ($77,971).
It is higher than the national figure ($80,734).
In Chester County, Franklin Township (Chester County) ranks 27 of 73 places with a published estimate, from highest to lowest median household income.
Statewide, it ranks 76 of 2,545.
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 (Chester 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 $1,904 a month ($22,848 a year) needs an income of about $76,200 a year.
The median renting household in Franklin Township (Chester County) earns $103,405 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 | $138,750 (±$25,221) | $144,403 (±$22,131) | +4.1% | No measurable change after inflation |
| Median gross rent | $1,375 (±$109) | $1,904 (±$320) | +38.5% | No measurable change after inflation |
| Median home value | $381,000 (±$26,223) | $489,100 (±$45,500) | +28.4% | No measurable change 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 (Chester County)
| Place | Distance | Median household income | Compared with this place |
|---|---|---|---|
| Franklin Township (Chester County) | — | $144,403 (±$22,131) | — |
| London Britain Township | 1.9 mi | $194,531 (±$30,843) | Higher |
| New London Township | 3.2 mi | $165,313 (±$19,416) | Not measurably different |
| West Grove | 4.2 mi | $92,697 (±$12,105) | Lower |
| Elk Township (Chester County) | 4.5 mi | $114,856 (±$16,105) | Lower |
| North Star | 4.9 mi | $150,733 (±$41,168) | Not measurably different |
| London Grove Township | 4.9 mi | $175,558 (±$19,783) | Higher |
| Penn Township (Chester County) | 5.0 mi | $136,250 (±$25,131) | Not measurably different |
| Avondale | 5.2 mi | $78,681 (±$26,702) | Lower |
Nearby places with a measurably lower figure: West Grove, PA ($92,697), Elk Township (Chester County), PA ($114,856), Avondale, PA ($78,681).
Nearby places with a measurably higher figure: London Britain Township, PA ($194,531), London Grove Township, PA ($175,558).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median household income across Chester County, place by place
| Rank | Place | Median household income |
|---|---|---|
| 21 | South Coventry Township | $158,162 (±$23,572) |
| 22 | East Marlborough Township | $155,504 (±$11,835) |
| 23 | East Bradford Township | $155,240 (±$11,277) |
| 24 | Kennett Township | $150,709 (±$13,912) |
| 25 | East Whiteland Township | $147,460 (±$19,994) |
| 26 | East Pikeland Township | $146,526 (±$18,435) |
| 27 | Franklin Township (Chester County) | $144,403 (±$22,131) |
| 28 | Westtown Township | $138,664 (±$9,144) |
| 29 | East Vincent Township | $138,214 (±$47,529) |
| 30 | Penn Township (Chester County) | $136,250 (±$25,131) |
| 31 | Uwchlan Township | $134,184 (±$8,217) |
| 32 | West Whiteland Township | $133,460 (±$7,379) |
| 33 | West Goshen Township | $132,242 (±$4,804) |
Showing 13 of 73 places in Chester 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 (Chester County)
What is the median household income in Franklin Township (Chester County)?
The median household income in Franklin Township (Chester County) is $144,403 (±$22,131) a year (2020–2024 American Community Survey).
How much do you need to make to afford rent in Franklin Township (Chester County)?
About $76,200 a year, if rent is to stay at or below 30% of income at the median gross rent of $1,904 a month.
Have incomes in Franklin Township (Chester County) kept up with inflation?
In Franklin Township (Chester County), the median household income went from $138,750 in 2015–2019 to $144,403 in 2020–2024 (+4.1%).
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 (Chester County)?
The median renting household in Franklin Township (Chester County), PA earns $103,405 (±$20,106) a year.
Sources
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Franklin township, Chester County, Pennsylvania
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Franklin township, Chester County, Pennsylvania
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Franklin township, Chester County, Pennsylvania
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — Franklin township, Chester County, Pennsylvania
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Franklin township, Chester County, Pennsylvania
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Franklin township, Chester County, Pennsylvania
- 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, Chester County, Pennsylvania (county subdivision:27376, in state:42 county:029).
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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- Home values in Franklin Township (Chester County)
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- Population growth in Franklin Township (Chester County)
- How long people stay in Franklin Township (Chester County)
- Fair Market Rent in Franklin Township (Chester County)
- Pennsylvania landlord and tenant rules
- Housing across Chester County
- Pennsylvania places ranked by median household income
- Housing data for every place in Pennsylvania