Franklin, KY Cost Of Living

Demographics | Cost Of Living | Photos
Updated: 2020-03-08
Franklin's Overall Cost Of Living
Lower Than The National Average
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, KY?

According to the most recent data on the cost of living, Franklin has an overall cost of living index of 85 which is 0.8x lower than the national index of 100.

Compared to only Kentucky, Franklin has a cost of living index that's 1.0x lower than Kentucky's index of 89.

The standard of living in Franklin ranks as #795 most affordable out of the 6522 places we measured in Kentucky. By definition, that implies Franklin ranks as the #5611 most expensive place in the Bluegrass State.

For more reading on life in Franklin, check out:

Franklin Cost Of Living Vs. Kentucky

Living Expense Franklin Kentucky National Average
Overall 85 89 100
Services 99 100 100
Groceries 88 91 100
Health 86 90 100
Housing 58 70 100
Transportation 99 99 100
Utilities 105 98 100
For more reading on cost of living around Kentucky, check out:
Franklin Cost of Living Vs. KY

Franklin, KY Housing Cost Breakdown

Housing swings affordability the most between places in Kentucky, 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.

Median Home Value
Median Rent
Median Income
Statistic Franklin Kentucky United States
Median Home Value $105,300 $135,300 $204,900
Median Rent $814 $741 $1,023
Median Income $39,311 $48,392 $60,293
Home Value To Income 2.7x 2.8x 3.4x
Rent To Monthly Income 0.25x 0.18x 0.2x

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Cost Of Living In Cities Around Franklin

City Population Cost Of Living Vs. Franklin
Bowling Green, KY 65,731 91 1.1x
Hendersonville, TN 56,421 101 1.2x
Gallatin, TN 36,139 94 1.1x
Mount Juliet, TN 32,882 103 1.2x
Lebanon, TN 31,592 95 1.1x
Portland, TN 12,539 90 1.1x
White House, TN 11,513 95 1.1x
Walnut Grove, WA 9,907 118 1.4x
Greenbrier, TN 6,770 90 1.1x
Green Hill, TN 6,695 100 1.2x

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