Town30,903 people

Franklin Square, NY

Discover how far your salary goes in Franklin Square. Compare taxes, rent, and living costs.

Cost Index
193
💰 Expensive
Population

30,903

State Tax

10.9%

1BR Rent

$2,261

/month

vs National

+62%

above avg

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Rent Prices in Franklin Square

🏠

Studio

$1,809

/month

$21,708/year

Most Common
🛏️

1 Bedroom

$2,261

/month

$27,132/year

🏡

2 Bedroom

$3,052

/month

$36,624/year

🏘️

3 Bedroom

$3,957

/month

$47,484/year

Taxes in New York

State Income Tax

New York

10.9%

For a $100k salary, that's ~$10,900/year in state taxes.

Federal Income Tax

Same nationwide

10-37%

Federal taxes use progressive brackets. The more you earn, the higher your marginal rate.

Learn how tax brackets work

Frequently Asked Questions

What is the cost of living in Franklin Square, NY?

Franklin Square has a cost of living index of 193, which is 93% above the national average. A 1-bedroom apartment costs around $2,261/month.

What is the state income tax in New York?

New York has a state income tax rate of approximately 10.9%. This is in addition to federal income tax.

How much is rent in Franklin Square?

The median rent for a 1-bedroom apartment in Franklin Square is $2,261/month. For a 2-bedroom, expect to pay around $3,052/month. This is 62% above the national average.

Is Franklin Square a good place to live?

Franklin Square is a town with a population of 30,903. The cost of living is expensive, making it more expensive than average for the US.

See the complete picture for Franklin Square

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