Can A Carpenter Afford Rent in Franklin, IN?
Stretched but workable — rent takes 38.7% of gross income.
Franklin rent: June 2026. Salary: BLS OEWS May 2024 (Indiana state estimate).
About rent and a carpenter salary
Carpenter pay sits modestly above the US median household income and covers comfortable rent in most lower- and mid-cost metros. Union carpenters in high-cost cities often earn well above the BLS mean. At the national-average carpenter salary, the 30% rule supports about $1,524 a month in rent.
Cheaper rent nearby
These Indiana cities have lower median rent than Franklin, which improves the affordability math on a carpenter salary:
Compare with full rent data for Franklin
View full rent data for Franklin, IN →Frequently asked questions
Can a carpenter afford rent in Franklin, IN?
Median rent in Franklin is $1,808 a month. A typical carpenter in Indiana earns about $56,065 a year, which makes that rent 38.7% of gross monthly income. Under the 30% rule, the answer is no — rent exceeds the 30% threshold.
How much rent can a carpenter afford in Franklin?
Using the 30% rule, a carpenter salary in Indiana (~$56,065/yr) supports up to $1,402 a month in rent. Franklin's current median rent is $1,808/mo, which is $406/mo over the affordability threshold.
How many hours does a carpenter work to cover rent in Franklin?
At an hourly equivalent of about $27 an hour, a carpenter in Indiana works roughly 67.1 hours a month to cover Franklin's median rent of $1,808.
Where is rent cheaper than Franklin for a carpenter?
Nearby Indiana cities with lower median rent include Lebanon ($1,806/mo), Granger ($1,805/mo), Brownsburg ($1,802/mo). Each shifts the affordability math materially on a carpenter salary.