Cost of living in Frankton, Indiana
Simple answer
Typical rent is $1,186 a month.
Frankton is a town in Indiana. That rent number includes utilities. A typical household earns $68,611 a year.
- People
- 1,658
- Census average, 2020–2024
- Typical rent
- $1,186
- Median gross rent, includes utilities
- Typical pay
- $68,611
- Median household income, yearly
- Typical home
- $140,400
- Median home value
- 2-bedroom fair rent
- $1,331
- Anderson, IN HUD Metro FMR Area
Frankton, Indiana has about 1,658 people. That count is a 2020–2024 Census average, not a headcount from one day.
A typical home is worth about $140,400.
HUD's fair-market rent for a 2-bedroom in Madison County is $1,331 a month. That is the county number, not an apartment listing in Frankton. It runs from October 2026 through September 2027.
In the Indianapolis-Carmel-Greenwood, IN metro area, prices sit at 95.7 when the U.S. average is 100. That is a 2024 BEA index.
Indiana taxes wages. A typical combined sales tax is 7.0% as of January 1, 2026. That mix is statewide, not Frankton's exact store tax.
Some places in Indiana add a local wage tax. In 2023 the state average was about 0.35% of income. That is not a Frankton bill.
In July 2026, a typical Indiana home paid 16.73¢ per kilowatt-hour. That is a state average from EIA, not Frankton's bill.
EIA did not publish a 2025 all-grades gas price for Indiana in the table we use.
Among 320 places we list in Indiana with a rent figure, 50 have higher typical rent than Frankton.
Nearby places
- Elwood
Typical rent $860
Compare with Frankton - Alexandria
Typical rent $801
Compare with Frankton - Edgewood
Typical rent $1,050
Compare with Frankton - Anderson
Typical rent $925
Compare with Frankton - Summitville
Typical rent $760
Compare with Frankton - Chesterfield
Typical rent $964
Compare with Frankton - Daleville
Typical rent $779
- Lapel
Typical rent $1,318
EBT nearby
USDA has a live map of stores that take SNAP. We did not copy that store list here. The downloadable file is a history file for 2005 through 2025, so the live map is the one to use.
Locator page updated 2026-09-11. Last checked 2026-10-16.
Food stamps (SNAP) tools in Indiana
Bigger places in Indiana
Census 2020-2024. HUD rents for October 2026–September 2027. BEA prices for 2024. Taxes as of January 1, 2026. Checked 2026-10-16. 15,000 places are in this guide.