1st Advantage MortgageIn Franklin County, Idaho, the typical household earns $71,950 a year and the typical rent is $894. Whatever your own numbers, compare written offers on APR, fees and total cost, and verify the lender is licensed in Idaho before sharing details.
On this page
- A quick profile of Franklin County
- The Franklin County job picture
- Income in Franklin County compared with Idaho
- Housing costs in Franklin County
- Cities, towns and CDPs in Franklin County
- Regional comparison for Franklin County
- Room for a loan payment in Franklin County
- What the numbers mean for Franklin County borrowers
- More Franklin County figures
- Checklist for Franklin County applicants
- Lender oversight for Franklin County
- Nearby and statewide guides
- Frequently asked questions
A quick profile of Franklin County
Roughly 15,056 residents live in Franklin County, Idaho, 22nd by population among the state's 44 counties and county equivalents. Spread over 663 square miles, that works out to roughly 22.7 residents per square mile. It is one of the counties that make up the Logan, UT-ID metropolitan statistical area (OMB, 2023). The Census Bureau counts 6 places in the county (6 incorporated, 0 census-designated); the largest is Preston, with about 5,928 residents, or 39% of the county.
The Franklin County job picture
By the Census industry count, 20% of employed Franklin County residents work in manufacturing and 18% in education and health care. Compared with Idaho, the county leans toward manufacturing (20% against 9%). The survey's unemployment rate for Franklin County averages 2.4% over 2020 to 2024 (state: 3.7%). Long commutes are the exception here: 14% of workers spend 45 minutes or longer getting to work.
| Top industries | Franklin County share | +/- vs Idaho |
|---|---|---|
| Manufacturing | 19.7% | +10.3 pts |
| Education and health care | 18.3% | -4.1 pts |
| Construction | 11.2% | +1.9 pts |
| Arts, lodging and food service | 8.9% | +0.2 pts |
| Transportation, warehousing and utilities | 7.8% | +2.7 pts |
| Retail trade | 7.7% | -3.9 pts |
If your hours swing with the season or with overtime, size a loan payment against your base pay, not your best month.
Income in Franklin County compared with Idaho
Franklin County households have a median income of $71,950 (ACS 2020 to 2024), which ranks 15th of 44 in Idaho.
| Households earning | Franklin County | +/- vs Idaho |
|---|---|---|
| Under $35,000 | 16.0% | -3.0 pts |
| $35,000 to $99,999 | 47.6% | +3.9 pts |
| $100,000 to $199,999 | 28.3% | +0.3 pts |
| $200,000 or more | 8.0% | -1.2 pts |
About 16% of households earn under $35,000, while 36% clear $100,000. Census counts 7.9% of Franklin County residents in poverty, against 10.6% across Idaho. None of these numbers decides a Franklin County application. Lenders weigh your own documented income against your own debts.
Housing costs in Franklin County
A typical Franklin County rental runs $894 a month including utilities, which is 28% below Idaho. 36% of renting households spend 30% or more of income on rent, and 22% spend half or more. The median owner-occupied home is valued at $372,600, about 5.2 times the median household income. 78% of Franklin County households own their home and 22% rent.
| Measure | Franklin County | Idaho | Median U.S. county |
|---|---|---|---|
| Median gross rent | $894/mo | $1,238/mo | $877/mo |
| Median home value | $372,600 | $418,600 | $185,300 |
| Owners | 78% | 72% | 75% |
| Rent-burdened renters | 36% | 47% | 45% |
| Burdened owners | 33% | 27% | n/a |
| Vacant units | 5% | 10% | n/a |
In an owner-heavy county like Franklin County, many borrowers can also choose a home equity loan or line of credit. Those can price lower but put the house on the line, so compare the two in writing; our personal loan vs. HELOC guide walks through it.
Cities, towns and CDPs in Franklin County
Here are the 6 most populous of the county's 6 Census places, with income and rent from the same 2020 to 2024 survey. About 59% of Franklin County residents live in one of the 6. Among places of 500 or more people, median income runs from $61,039 in Preston to $89,583 in Clifton. Median rent ranges from $811 in Preston to $1,750 in Weston. Live in one of these Franklin County communities, or between them? This is your local guide.
| Town or CDP | Type | People | Median household income | Median gross rent | Miles from center |
|---|---|---|---|---|---|
| Preston | city | 5,928 | $61,039 | $811 | 6 mi |
| Franklin | city | 1,034 | $81,830 | $1,282 | 11 mi |
| Clifton | city | 788 | $89,583 | $1,021 | 9 mi |
| Weston | city | 569 | $88,462 | $1,750 | 12 mi |
| Dayton | city | 500 | $82,083 | n/a | 9 mi |
| Oxford | city | 49 | $74,583 | n/a | 12 mi |
Regional comparison for Franklin County
Six nearby counties, 27 to 48 miles away by the straight-line distance between their centers. 4 of the six report a higher median household income than Franklin County; Cache County is highest at $81,665 and Bannock County lowest at $66,499. Some neighbors are in Utah. Lender licensing is state by state, so a loan for a Franklin County resident follows Idaho rules.
| Nearby county | Center to center | Household income | Gross rent | Owner-occupied |
|---|---|---|---|---|
| Franklin County | - | $71,950 | $894/mo | 78% |
| Bear Lake County, ID | 27 mi | $75,260 | $632/mo | 90% |
| Cache County, UT | 31 mi | $81,665 | $1,213/mo | 64% |
| Oneida County, ID | 36 mi | $74,954 | $859/mo | 88% |
| Bannock County, ID | 41 mi | $66,499 | $960/mo | 70% |
| Caribou County, ID | 45 mi | $68,782 | $847/mo | 82% |
| Rich County, UT | 48 mi | $79,009 | $760/mo | 85% |
Room for a loan payment in Franklin County
Lenders compare monthly debt payments with gross monthly income, the debt-to-income ratio. For a Franklin County household at the medians it works out like this; treat it as an illustration only.
- $71,950 a year is $5,996 of gross monthly income
- 15% goes to median rent ($894)
- Under a 35% cap, $2,099 total minus rent leaves $1,205
- Under a 45% cap, $2,698 total minus rent leaves $1,804
Two-income households and single earners in Franklin County land in very different places on this math, so run it for your own budget.
What the numbers mean for Franklin County borrowers
Based on the Franklin County data above, these borrowing questions are most likely to matter locally.
- Requirements. Lenders weigh credit history, documented income and existing debt (what to gather).
- Debt consolidation. One fixed payment can save money only if the written APR and fees beat what you pay now (guide).
- Scams. A fee demanded before funding is a red flag; report it at ReportFraud.ftc.gov (spotting scams).
More Franklin County figures
Degree holders: 24% of adults over 25. 8.4% of residents have no health coverage.
| Residents | Franklin County | Idaho | Middle U.S. county |
|---|---|---|---|
| Median age | 33.3 | 37.3 | 41.5 |
| Bachelor's or higher | 23.9% | 31.8% | 22.2% |
| No high school diploma | 4.3% | 8.1% | n/a |
| No health insurance | 8.4% | 9.1% | 7.8% |
| No vehicle | 2.5% | 3.7% | 5.4% |
| Work from home | 12.0% | 13.3% | 8.7% |
| Poverty rate | 7.9% | 10.6% | 13.2% |
| Unemployment (ACS) | 2.4% | 3.7% | 4.4% |
| Travel time to work | Workers |
|---|---|
| Under 15 min | 38.7% |
| 15 to 29 min | 25.2% |
| 30 to 44 min | 22.0% |
| 45 to 59 min | 6.3% |
| 60+ min | 7.8% |
Checklist for Franklin County applicants
A short checklist for Franklin County borrowers:
- Price the Franklin County expense first and borrow that amount, no more.
- Shop at least three lenders, including one Franklin County-area credit union.
- Look the lender up with the state regulator first.
- Confirm the first due date before setting up autopay.
Lender oversight for Franklin County
Consumer lenders serving Franklin County are licensed by the state, not the county; in Idaho that is the Idaho Department of Finance. Problems with a lender can also go to the CFPB. The Idaho guide covers state rules in more detail.
Nearby and statewide guides
The Idaho guide covers the whole state.
Frequently asked questions
What is the median household income in Franklin County?
$71,950 a year in the 2020 to 2024 Census survey, versus $77,800 for Idaho. It ranks 15th of 44 in the state.
How much is rent in Franklin County?
Median gross rent, utilities included, is $894 a month; 36% of renters spend 30% or more of income on it.
I live in a small Franklin County town. Is this my guide?
Yes. If your town has no city guide, this county page is the local one; it covers Preston, Franklin, Clifton, Weston, Dayton and 1 more.
Does my county matter to the questionnaire?
Only your state does. Whether you live in Franklin County or elsewhere in Idaho, the same rules apply.
Who regulates personal lenders for Franklin County residents?
The Idaho Department of Finance licenses consumer lenders in Idaho; the CFPB takes complaints about any lender, and the FTC wants to hear about fee-first offers.