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College Costs in Franklin, OH 2026

Compare tuition, housing, and financial aid across 2 colleges in Franklin, Ohio. Use our free calculator to estimate your total cost.

Avg Public Tuition

$11,000

per year

Avg Private Tuition

$34,000

per year

Avg Rent Near Campus

$585

per month

Colleges & Universities

2

institutions

Franklin Overview

Population

28,680

Student Population

1,818 (6.3%)

Cost of Living Index

90.8 (avg: 100)

Walk Score

39/100

Transit Score

23/100

Unemployment Rate

3.5%

College Cost Calculator for Franklin

Cost Inputs

Total Cost (4 Years, Public In-State)

$95,504

Total After Financial Aid

$95,504

Annual Cost

$23,876

Annual After Aid

$23,876

Cost Breakdown (4 Years)

Tuition$44,000
Room & Board$51,504

If Financed (10-Year Loan at 6.5%)

Loan Amount$95,504
Monthly Payment$1,084
Total Interest$34,627
Total Loan Cost$130,131

Universities in Franklin

UniversityTypeAnnual Tuition
Franklin State UniversityPublic$10,062
Franklin Community CollegeCommunity$5,798

Franklin has 2 total colleges and universities. Tuition figures are approximate annual in-state rates for the 2025-2026 academic year.

Cost of Living in Franklin vs. National Average

CategoryFranklinNational AvgDifference
Public Tuition (In-State)$11,000$10,940+$60
Monthly Rent Near Campus$585$1,050-$465
Cost of Living Index90.8100-9.200000000000003

Franklin's cost of living is below the national average. This makes it a more affordable city for students compared to many other college towns.

Student Life in Franklin

39

Walk Score

Car-Dependent

23

Transit Score

Minimal Transit

6.3%

Student Population

1,818 students

Franklin has a total population of 28,680, with approximately 1,818 college students (6.3% of the population). While not primarily a college town, Franklin offers students access to urban amenities, diverse employment opportunities, and a wide range of cultural experiences.

Post-Graduation Outlook in Franklin

$34,478

Starting Salary

3.5%

Unemployment Rate

72%

Graduation Rate

~0 yrs

ROI Payback Period

Return on Investment Analysis

Graduates from colleges in Franklin earn a median starting salary of $34,478, which is -$522 more per year than the average high school graduate salary of $35,000. At a 4-year public university cost of $95,504 (including room and board), it would take approximately 0 years of the salary premium to recoup the investment. With average financial aid of $14,989 per student per year, the net cost and payback period can be significantly reduced.

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