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 89, which is 0.9x lower than the national index of 100.
Compared to 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 #26 most affordable out of the 85 places we measured in Kentucky. By definition, that implies Franklin ranks as the #59 most expensive place in the Bluegrass State.
For more reading on life in Franklin, check out:
Franklin Cost Of Living Vs. Kentucky
Six factors go into calculating the cost of living index in Franklin. Here is how it fares on each of the criteria:
The Services index in Franklin is 99.
The Groceries index in Franklin is 99.
The Health index in Franklin is 74.
The Housing index in Franklin is 93.
The Transportation index in Franklin is 93.
The Utilities index in Franklin is 93.
| Living Expense | Franklin | Kentucky | National Average |
|---|---|---|---|
| Overall | 89 | 89 | 100 |
| Services | 99 | 100 | 100 |
| Groceries | 99 | 98 | 100 |
| Health | 74 | 68 | 100 |
| Housing | 93 | 98 | 100 |
| Transportation | 93 | 95 | 100 |
| Utilities | 93 | 96 | 100 |
Franklin Cost Of Living Compared To Kentucky Averages
Index where 100 = national average. Source: cost-of-living index 2026.
For more reading on cost of living around Kentucky, check out:
Protect your home budget Compare home warranties in Franklin Get matched →Source: Cost-of-living index 2026, normalized to US average = 100
Franklin, KY Housing Cost Breakdown
Housing swings affordability the most between places in Kentucky, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2020-2024. The key points are:
The Median Home Value in Franklin is $247,588.
The Median Rent in Franklin is $1,010.
The Median Income in Franklin is $59,052.
The Home Value To Income in Franklin is 4.2x.
The Rent To Monthly Income in Franklin is 0.21x.
Franklin, KY Costs By Category
Detailed Franklin Services costs vs. Kentucky
Detailed Franklin Groceries costs vs. Kentucky
Detailed Franklin Health costs vs. Kentucky
Detailed Franklin Transportation costs vs. Kentucky
Franklin SnackAbility
Cost Of Living In Cities Around Franklin
The cost of living varies in the cities and towns around Franklin. Here's a quick look at the cost of living in the most populous nearby places:
Bowling Green, KY has a cost of living index of 95, 1.1x Franklin.
Hendersonville, TN has a cost of living index of 111, 1.2x Franklin.
Gallatin, TN has a cost of living index of 105, 1.2x Franklin.
| City | Population | Cost Of Living | Vs. Franklin |
|---|---|---|---|
| Bowling Green, KY | 75,388 | 95 | 1.1x |
| Hendersonville, TN | 63,091 | 111 | 1.2x |
| Gallatin, TN | 48,532 | 105 | 1.2x |
| Lebanon, TN | 44,788 | 111 | 1.2x |
| Mount Juliet, TN | 42,073 | 114 | 1.3x |
| White House, TN | 14,631 | 106 | 1.2x |
| Portland, TN | 13,449 | 93 | 1.0x |
| Greenbrier, TN | 6,971 | 103 | 1.2x |
| Green Hill, TN | 6,866 | 109 | 1.2x |
| Millersville, TN | 5,836 | 102 | 1.1x |
