Can A Paramedic Afford Rent in Franklin, IN?

Rent-burdened — rent takes 44.7% of gross income.

Franklin rent: July 2026. Salary: BLS OEWS May 2024 (Indiana state estimate).

Franklin median rent
$1,821/mo
Paramedic salary (Indiana)
$48,926/yr
Rent as % of income
44.7%
Gross monthly income works out to about $4,077, and the 30% rule supports up to $1,223/mo in rent. Franklin's median rent of $1,821 exceeds that threshold by $598/mo, putting a paramedic salary into the rent-burdened range here. A paramedic works roughly 77.4 hours a month to cover that rent.

About rent and a paramedic salary

Paramedic and EMT base pay sits modestly below the US median household income and is often supplemented by overtime. At the national-average paramedic salary, the 30% rule supports about $1,330 a month in rent.

Cheaper rent nearby

These Indiana cities have lower median rent than Franklin, which improves the affordability math on a paramedic salary:

Zionsville, IN
$1,819/mo (44.6% of income)
Brownsburg, IN
$1,818/mo (44.6% of income)
Brownsburg, IN
$1,818/mo (44.6% of income)

Compare with full rent data for Franklin

View full rent data for Franklin, IN

Frequently asked questions

Can a paramedic afford rent in Franklin, IN?

Median rent in Franklin is $1,821 a month. A typical paramedic in Indiana earns about $48,926 a year, which makes that rent 44.7% of gross monthly income. Under the 30% rule, the answer is no — rent exceeds the 30% threshold.

How much rent can a paramedic afford in Franklin?

Using the 30% rule, a paramedic salary in Indiana (~$48,926/yr) supports up to $1,223 a month in rent. Franklin's current median rent is $1,821/mo, which is $598/mo over the affordability threshold.

How many hours does a paramedic work to cover rent in Franklin?

At an hourly equivalent of about $24 an hour, a paramedic in Indiana works roughly 77.4 hours a month to cover Franklin's median rent of $1,821.

Where is rent cheaper than Franklin for a paramedic?

Nearby Indiana cities with lower median rent include Zionsville ($1,819/mo), Brownsburg ($1,818/mo), Brownsburg ($1,818/mo). Each shifts the affordability math materially on a paramedic salary.

Methodology: Salary uses the BLS-derived Indiana state estimate from OEWS May 2024. Rent is the most recent ZORI monthly value for Franklin, IN. Affordability applies the 30% rule (rent ≤ 30% of gross income). Real take-home varies with taxes, household composition, overtime, tips, and benefits.