Franklin, KY
Discover how far your salary goes in Franklin. Compare taxes, rent, and living costs.
10,176
4.5%
$945
/month
-32%
below avg
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Rent Prices in Franklin
Studio
$756
/month
$9,072/year
1 Bedroom
$945
/month
$11,340/year
2 Bedroom
$1,276
/month
$15,312/year
3 Bedroom
$1,654
/month
$19,848/year
Taxes in Kentucky
State Income Tax
Kentucky
For a $100k salary, that's ~$4,500/year in state taxes.
Federal Income Tax
Same nationwide
Federal taxes use progressive brackets. The more you earn, the higher your marginal rate.
Learn how tax brackets workFrequently Asked Questions
What is the cost of living in Franklin, KY?▼
Franklin has a cost of living index of 84, which is 16% below the national average. A 1-bedroom apartment costs around $945/month.
What is the state income tax in Kentucky?▼
Kentucky has a state income tax rate of approximately 4.5%. This is in addition to federal income tax.
How much is rent in Franklin?▼
The median rent for a 1-bedroom apartment in Franklin is $945/month. For a 2-bedroom, expect to pay around $1,276/month. This is 32% below the national average.
Is Franklin a good place to live?▼
Franklin is a town with a population of 10,176. The cost of living is very affordable, making it more affordable than average for the US.
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