Salary & Cost of Living in Franklin, WI
Franklin, WI: $46,299 median salary, cost of living index 88, $7.25/hr minimum wage. Calculate your take-home pay with our free paycheck calculator.
Median Salary
$46,299
$22/hr
Cost of Living
88
US avg = 100
Minimum Wage
$7.25
per hour
Unemployment
3.5%
rate
Franklin, WI Overview
Population
36,013
Median Salary
$46,299
Average Salary
$51,855
Avg Commute
20 min
Median Home Price
$248,000
Median Rent
$1,010/mo
Job Growth
+1.8%
Sales Tax
5%
Franklin is located in Wisconsin with a population of 36,013. The median household salary is $46,299 per year ($22/hour), which is $13,085 below the national median of $59,384. The average commute time is 20 minutes, and the city has a job growth rate of +1.8%.
Franklin Salary by Experience Level (2026)
Wage distribution in Franklin, WI based on BLS percentile breakdown of the $46,299 median salary. Entry-level represents 10th–25th percentile; mid-level is the median; senior-level represents 75th–90th percentile.
| Experience Level | Annual Salary | Hourly Wage | Years Exp |
|---|---|---|---|
| Entry-Level | $28,705 | $13.80/hr | 0–2 years |
| Mid-Level (Median) | $46,299 | $22.26/hr | 3–7 years |
| Senior-Level | $65,745 | $31.61/hr | 8–15 years |
| Top 10% (90th Percentile) | $82,412 | $39.62/hr | 15+ years / leadership |
Percentile multipliers (62%, 100%, 142%, 178%) derived from 2024 BLS Occupational Employment and Wage Statistics distribution across all occupations in metro areas. Specific roles vary; see jobs by city for role-specific data.
Franklin Paycheck Calculator
Enter your annual salary to see your estimated take-home pay in Franklin, WI, after federal, state, and local taxes.
Estimated Annual Take-Home Pay
$36,337
$3,028.07/month · $1,397.57/biweekly · Effective Rate: 21.5%
Gross Pay
$46,299
Federal Tax
-$3,517
State Tax
-$2,903
Local Tax
$0
FICA
-$3,542
Net Pay
$36,337
Pay Breakdown
| Item | Monthly | Annual |
|---|---|---|
| Gross Salary | $3,858.25 | $46,299.00 |
| Federal Income Tax | -$293.12 | -$3,517.38 |
| Wisconsin State Tax (6.27%) | -$241.91 | -$2,902.95 |
| Social Security (6.2%) | -$239.21 | -$2,870.54 |
| Medicare (1.45%) | -$55.94 | -$671.34 |
| Net Take-Home Pay | $3,028.07 | $36,336.80 |
Salary Comparison: Franklin vs Other Cities
See how Franklin's median salary and cost of living compare to the national average and similar cities.
| City | Median Salary | COL Index | Adj. Salary |
|---|---|---|---|
| Franklin, WI | $46,299 | 88 | $52,613 |
| National Average | $59,384 | 100 | $59,384 |
| Lincoln Park, MI | $46,299 | 81.4 | $56,878 |
| Mount Lebanon, PA | $46,293 | 93.5 | $49,511 |
| Michigan City, IN | $46,291 | 82.5 | $56,110 |
| Shaler, PA | $46,287 | 90.6 | $51,089 |
Adjusted salary reflects purchasing power when cost of living is factored in. A higher adjusted salary means your money goes further.
Cost of Living in Franklin
Franklin's cost of living index is 88 (national average = 100). Living in Franklin is 12% less expensive than the national average.
Median Home Price
$248,000
Median Monthly Rent
$1,010
Annual Rent Cost
$12,120
Your Salary's Purchasing Power
Your $36,337 annual take-home pay in Franklin has the purchasing power of approximately $41,292 in an average-cost US area. Your $46,299 salary stretches further here than in most US cities.
Top Industries in Franklin
Franklin's economy is driven by these key industries. Workers in top industries often earn significantly above the median salary of $46,299.
Salary Tips for Franklin Workers
- Your salary goes further here. Franklin has a cost of living 12% below the national average. A salary of $46,299 here has the purchasing power of about $52,613 in an average-cost area.
- Maximize pre-tax deductions. With a 6.27% state income tax rate, maximizing 401(k) contributions (up to $24,500 in 2026) and HSA contributions can significantly reduce both your federal and state tax burden.
- Research top industries. Franklin's top industries include Manufacturing, Agriculture, Healthcare. Targeting roles in these sectors can help you earn above the $46,299 median salary.
- Review your W-4 withholding. If you regularly receive large tax refunds, adjust your W-4 to increase your per-paycheck take-home pay instead of giving the government an interest-free loan.
Methodology & Local Economy Data Sources
How we calculate Franklin salary data: Our citywide compensation figures aggregate occupation-specific salary data from BLS Occupational Employment and Wage Statistics for the Franklin-WI metropolitan statistical area (MSA), weighted by local employment counts. Cost-of-living adjustments use the C2ER Cost of Living Index baseline of 100 (national average), with Franklin indexed at 88.
- Median salary calculation: weighted average of Franklin's occupation-specific medians from BLS OEWS, adjusted for local cost of living. Net result: $46,299 annual median.
- Tax burden reflects Wisconsin state income tax (6.27%) (no local income tax), sales tax (5%), and federal taxes per IRS 2026 brackets.
- Unemployment rate for Franklin: 3.5%, sourced from BLS Local Area Unemployment Statistics (LAUS).
- Top industries: Manufacturing, Agriculture, Healthcare — based on QCEW employment concentration data.
- Job growth: 1.8% projected through 2034, derived from BLS Employment Projections program for Wisconsin.
- Housing context: median home price $248,000, median rent $1,010/mo, sourced from Census American Community Survey 5-year estimates.
Authoritative US data sources for Franklin, WI:
- BLS Occupational Employment and Wage Statistics (OEWS) — metropolitan area salary data
- BLS Local Area Unemployment Statistics — Franklin unemployment rate
- U.S. Census Bureau — Franklin QuickFacts — population, housing, demographics
- BLS Quarterly Census of Employment and Wages (QCEW) — county-level industry employment
- BLS Economy at a Glance — Wisconsin — state economic indicators
- U.S. Bureau of Economic Analysis (BEA) — local GDP and personal income data
- BLS Consumer Price Index (CPI-U) — regional inflation tracking
Disclaimer: Salary and cost data are estimates for general guidance. Individual compensation varies by employer, experience, education, negotiation, and skills. Franklin's rapidly changing economy can shift these baselines — always verify with current job listings, employer offers, and recent Wisconsin labor market reports for the most current figures.
Reviewed by Brazora Monk· Last updated 2026 · BLS & Census data current as of latest releases
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Frequently Asked Questions
What is the median salary in Franklin, WI?
The median salary in Franklin, WI is $46,299 per year, or $22 per hour. The average salary is $51,855. This is $13,085 below the national median of $59,384.
What is the cost of living in Franklin, WI?
Franklin's cost of living index is 88 (national average = 100), meaning it is 12% less expensive compared to the national average. The median home price is $248,000 and the median monthly rent is $1,010.
What are the best industries in Franklin?
The top industries in Franklin, WI include Manufacturing, Agriculture, Healthcare. The city has a job growth rate of 1.8% and an unemployment rate of 3.5%. Workers in these industries often earn above the city's median salary of $46,299.
How does Franklin's salary compare to other cities?
Franklin's median salary of $46,299 is 22.0% below the national median of $59,384. However, when adjusted for cost of living (index: 88), the real purchasing power is approximately $52,613.
What is the minimum wage in Franklin, WI?
The minimum wage in Franklin, WI is $7.25 per hour. This equals approximately $15,080 per year for a full-time worker (40 hours/week). This matches the federal minimum wage of $7.25/hour.