What is the cost of living in Franklin, LA?
According to the most recent data on the cost of living, Franklin has an overall cost of living index of 83, which is 0.8x lower than the national index of 100.
Compared to Louisiana, Franklin has a cost of living index that's 0.9x lower than Louisiana's index of 91.
The standard of living in Franklin ranks as #5 most affordable out of the 103 places we measured in Louisiana. By definition, that implies Franklin ranks as the #98 most expensive place in the Pelican State.
For more reading on life in Franklin, check out:
Franklin Cost Of Living Vs. Louisiana
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 96.
The Groceries index in Franklin is 95.
The Health index in Franklin is 54.
The Housing index in Franklin is 102.
The Transportation index in Franklin is 102.
The Utilities index in Franklin is 93.
| Living Expense | Franklin | Louisiana | National Average |
|---|---|---|---|
| Overall | 83 | 91 | 100 |
| Services | 96 | 97 | 100 |
| Groceries | 95 | 97 | 100 |
| Health | 54 | 82 | 100 |
| Housing | 102 | 97 | 100 |
| Transportation | 102 | 99 | 100 |
| Utilities | 93 | 96 | 100 |
Franklin Cost Of Living Compared To Louisiana Averages
Index where 100 = national average. Source: cost-of-living index 2026.
For more reading on cost of living around Louisiana, 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, LA Housing Cost Breakdown
Housing swings affordability the most between places in Louisiana, 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 $89,150.
The Median Rent in Franklin is $814.
The Median Income in Franklin is $39,518.
The Home Value To Income in Franklin is 2.3x.
The Rent To Monthly Income in Franklin is 0.25x.
Franklin, LA Costs By Category
Detailed Franklin Services costs vs. Louisiana
Detailed Franklin Groceries costs vs. Louisiana
Detailed Franklin Health costs vs. Louisiana
Detailed Franklin Transportation costs vs. Louisiana
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:
Lafayette, LA has a cost of living index of 100, 1.2x Franklin.
Prairieville, LA has a cost of living index of 110, 1.3x Franklin.
New Iberia, LA has a cost of living index of 90, 1.1x Franklin.
| City | Population | Cost Of Living | Vs. Franklin |
|---|---|---|---|
| Lafayette, LA | 121,715 | 100 | 1.2x |
| Prairieville, LA | 35,238 | 110 | 1.3x |
| New Iberia, LA | 27,571 | 90 | 1.1x |
| Gonzales, LA | 13,108 | 99 | 1.2x |
| Gardere, LA | 12,223 | 99 | 1.2x |
| Abbeville, LA | 11,003 | 83 | 1.0x |
| Donaldsonville, LA | 6,831 | 92 | 1.1x |
| Plaquemine, LA | 6,075 | 95 | 1.1x |
| Patterson, LA | 5,744 | 87 | 1.0x |
| St. Martinville, LA | 5,297 | 89 | 1.1x |
