What is the cost of living in Franklin Town, MA?
According to the most recent data on the cost of living, Franklin Town has an overall cost of living index of 145, which is 1.4x higher than the national index of 100.
Compared to Massachusetts, Franklin Town has a cost of living index that's 1.1x higher than Massachusetts's index of 130.
The standard of living in Franklin Town ranks as #68 most affordable out of the 113 places we measured in Massachusetts. By definition, that implies Franklin Town ranks as the #45 most expensive place in the Bay State.
For more reading on life in Franklin Town, check out:
Franklin Town Cost Of Living Vs. Massachusetts
Six factors go into calculating the cost of living index in Franklin Town. Here is how it fares on each of the criteria:
The Services index in Franklin Town is 109.
The Groceries index in Franklin Town is 113.
The Health index in Franklin Town is 215.
The Housing index in Franklin Town is 113.
The Transportation index in Franklin Town is 118.
The Utilities index in Franklin Town is 112.
| Living Expense | Franklin Town | Massachusetts | National Average |
|---|---|---|---|
| Overall | 145 | 130 | 100 |
| Services | 109 | 110 | 100 |
| Groceries | 113 | 115 | 100 |
| Health | 215 | 168 | 100 |
| Housing | 113 | 117 | 100 |
| Transportation | 118 | 115 | 100 |
| Utilities | 112 | 114 | 100 |
Franklin Town Cost Of Living Compared To Massachusetts Averages
Index where 100 = national average. Source: cost-of-living index 2026.
For more reading on cost of living around Massachusetts, check out:
- Most Expensive Cities In Massachusetts
- Most Affordable Cities In Massachusetts
- Average Rent In Massachusetts
Source: Cost-of-living index 2026, normalized to US average = 100
Franklin Town, MA Housing Cost Breakdown
Housing swings affordability the most between places in Massachusetts, 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 Town is $714,637.
The Median Rent in Franklin Town is $1,899.
The Median Income in Franklin Town is $145,773.
The Home Value To Income in Franklin Town is 4.9x.
The Rent To Monthly Income in Franklin Town is 0.16x.
| Statistic | Franklin Town | Massachusetts | United States |
|---|---|---|---|
| Median Home Value | $714,637 | $656,690 | $332,700 |
| Median Rent | $1,899 | $1,762 | $1,413 |
| Median Income | $145,773 | $103,960 | $80,734 |
| Home Value To Income | 4.9x | 6.3x | 4.1x |
| Rent To Monthly Income | 0.16x | 0.2x | 0.21x |
Franklin Town, MA Costs By Category
Detailed Franklin Town Services costs vs. Massachusetts
| Item | Franklin Town | Massachusetts |
|---|---|---|
| Shampoo | $1.43 | $1.28 |
| Movie | $14.37 | $12.13 |
| Bowling | $22.72 | $18 |
| Haircut | $31.5 | $24.26 |
| Beauty Salon | $49.92 | $45.56 |
Detailed Franklin Town Groceries costs vs. Massachusetts
| Item | Franklin Town | Massachusetts |
|---|---|---|
| Ground Beef | $5.85 | $5.84 |
| Fried Chicken | $1.43 | $1.57 |
| Milk | $4.74 | $4.67 |
| Potatoes | $5.0 | $4.93 |
| Pizza | $11.59 | $12.09 |
| Beer | $10.74 | $10.41 |
| Toothpaste | $3.46 | $3.7 |
Detailed Franklin Town Health costs vs. Massachusetts
| Item | Franklin Town | Massachusetts |
|---|---|---|
| Optometrist | $104.45 | $125.68 |
| Doctor | $169.83 | $135.78 |
| Dentist | $130.28 | $113.29 |
Detailed Franklin Town Transportation costs vs. Massachusetts
| Item | Franklin Town | Massachusetts |
|---|---|---|
| Gasoline | $3.38 | $3.46 |
| Tire Balancing | $48.2 | $59.92 |
Detailed Franklin Town Utilities costs vs. Massachusetts
| Item | Franklin Town | Massachusetts |
|---|---|---|
| All Electricity | $230.62 | $193.99 |
| Phone | $195.18 | $192.25 |
