Franklin, IN Cost Of Living

Demographics | Crime | Cost Of Living
Updated: 2022-04-07
90
Franklin's Overall Cost Of Living
0.9x
Lower Than The National Average
72 out of 124
In Indiana
1,633 out of 6,412
In America
The cost of living index is set to 100 for the average place in America. An index above 100 means Franklin is expensive, while a number below 100 means it's a relatively cheap place to live.

What is the cost of living in Franklin, IN?

According to the most recent data on the cost of living, Franklin has an overall cost of living index of 90 which is 0.9x lower than the national index of 100.

Compared to only Indiana, Franklin has a cost of living index that's 1.0x higher than Indiana's index of 86.

The standard of living in Franklin ranks as #1,633 most affordable out of the 6,418 places we measured in Indiana. By definition, that implies Franklin ranks as the #4,785 most expensive place in the Hoosier State.

For more reading on life in Franklin, check out:

Franklin Cost Of Living Vs. Indiana

Living Expense Franklin Indiana National Average
Overall 90 86 100
Services 95 93 100
Groceries 91 93 100
Health 88 94 100
Housing 71 74 100
Transportation 92 95 100
Utilities 100 96 100
For more reading on cost of living around Indiana, check out:
Franklin Cost of Living Vs. IN

Franklin, IN Housing Cost Breakdown

Housing swings affordability the most between places in Indiana, so we broke down the statistics around housing costs into more detail. It's also important to consider median household incomes to make apples-to-apples comparisons across locations.

Home and income come data comes from the most recent US Census ACS 2014-2018.

$145,200
Median Home Value
$904
Median Rent
$60,500
Median Income
Statistic Franklin Indiana United States
Median Home Value $145,200 $148,900 $229,800
Median Rent $904 $844 $1,096
Median Income $60,500 $58,235 $64,994
Home Value To Income 2.4x 2.6x 3.5x
Rent To Monthly Income 0.18x 0.17x 0.2x

Detailed Franklin Services Costs Vs. Indiana

Item Franklin Indiana
Shampoo $1.03 $1.06
Movie $11.27 $10.68
Bowling $16.9 $14.67

Detailed Franklin Groceries Costs Vs. Indiana

Item Franklin Indiana
Ground Beef $4.16 $4.22
Fried Chicken $1.37 $1.39
Milk $1.68 $2.05

Detailed Franklin Health Costs Vs. Indiana

Item Franklin Indiana
Haircut $17.8 $18.62
Beauty Salon $37.63 $39.05
Toothpaste $2.02 $2.34

Detailed Franklin Transportation Costs Vs. Indiana

Item Franklin Indiana
Potatoes $2.69 $3.29
Pizza $10.99 $10.62
Beer $8.71 $9.38
Optometrist $65.9 $108.57
Doctor $88.25 $116.17
Dentist $92.92 $99.13

Detailed Franklin Utilities Costs Vs. Indiana

Item Franklin Indiana
Gasoline $2.12 $2.22
Tire Balancing $40.89 $50.07
All Electricity $171.81 $167.67
Phone $184.27 $175.64

Franklin SnackAbility

5
/10
Overall SnackAbility
Jobs
7/10
Housing
7
Affordability
8
Diversity
5
Safety
7
Amenities
8.5
Education
7
Commute
7

Cost Of Living In Cities Around Franklin

City Population Cost Of Living Vs. Franklin
Greenwood, IN 58,784 92 1.0x
Beech Grove, IN 15,148 86 1.0x
Mooresville, IN 9,727 89 1.0x
Bargersville, IN 7,417 93 1.0x
New Whiteland, IN 6,178 91 1.0x

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