Franklin, LA Cost Of Living

Demographics | Crime | Cost Of Living
Updated: 2022-04-07
80
Franklin's Overall Cost Of Living
0.8x
Lower Than The National Average
6 out of 109
In Louisiana
211 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, LA?

According to the most recent data on the cost of living, Franklin has an overall cost of living index of 80 which is 0.8x lower than the national index of 100.

Compared to only 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 #211 most affordable out of the 6,418 places we measured in Louisiana. By definition, that implies Franklin ranks as the #6,207 most expensive place in the Pelican State.

For more reading on life in Franklin, check out:

Franklin Cost Of Living Vs. Louisiana

Living Expense Franklin Louisiana National Average
Overall 80 91 100
Services 92 98 100
Groceries 95 97 100
Health 103 97 100
Housing 50 83 100
Transportation 100 93 100
Utilities 91 86 100
For more reading on cost of living around Louisiana, check out:
Franklin Cost of Living Vs. LA

Franklin, LA Housing Cost Breakdown

Housing swings affordability the most between places in Louisiana, 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.

$80,000
Median Home Value
$743
Median Rent
$39,194
Median Income
Statistic Franklin Louisiana United States
Median Home Value $80,000 $168,100 $229,800
Median Rent $743 $876 $1,096
Median Income $39,194 $50,800 $64,994
Home Value To Income 2.0x 3.3x 3.5x
Rent To Monthly Income 0.23x 0.21x 0.2x

Detailed Franklin Services Costs Vs. Louisiana

Item Franklin Louisiana
Shampoo $0.88 $1.06
Movie $12.14 $10.68
Bowling $8.17 $14.67

Detailed Franklin Groceries Costs Vs. Louisiana

Item Franklin Louisiana
Ground Beef $4.58 $4.22
Fried Chicken $0.94 $1.39
Milk $2.21 $2.05

Detailed Franklin Health Costs Vs. Louisiana

Item Franklin Louisiana
Haircut $20.93 $18.62
Beauty Salon $28.26 $39.05
Toothpaste $2.24 $2.34

Detailed Franklin Transportation Costs Vs. Louisiana

Item Franklin Louisiana
Potatoes $3.84 $3.29
Pizza $8.49 $10.62
Beer $8.82 $9.38
Optometrist $109.33 $108.57
Doctor $77.5 $116.17
Dentist $129.78 $99.13

Detailed Franklin Utilities Costs Vs. Louisiana

Item Franklin Louisiana
Gasoline $2.06 $2.22
Tire Balancing $59.99 $50.07
All Electricity $149.86 $167.67
Phone $180.18 $175.64

Franklin SnackAbility

5
/10
Overall SnackAbility
Jobs
4/10
Housing
5
Affordability
8
Diversity
8.5
Safety
4
Amenities
7
Education
4
Commute
9

Cost Of Living In Cities Around Franklin

City Population Cost Of Living Vs. Franklin
Lafayette, LA 126,674 95 1.2x
Prairieville, LA 33,228 104 1.3x
New Iberia, LA 28,965 87 1.1x
Abbeville, LA 12,167 81 1.0x
Gonzales, LA 10,932 94 1.2x
Gardere, LA 10,629 94 1.2x
Donaldsonville, LA 8,424 84 1.1x
Plaquemine, LA 6,589 90 1.1x
Patterson, LA 5,844 87 1.1x
St. Martinville, LA 5,844 79 1.0x

Articles About Louisiana

Enjoy The Snack?