Franklin Town, MA Cost Of Living
Cost Of Living In Franklin Town, MA Summary
Cost of living in Franklin Town research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Franklin Town is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Massachusetts, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Franklin Town is 141, with 100 being the average.
The cost of living index in Franklin Town is 1.4x higher than the national average.
Franklin Town ranks as the #75 cheapest in Massachusetts out of 113.
Franklin Town ranks as the #5,616 cheapest out of 6,412 in the US.
The median home value in Franklin Town is $450,800.
The median income in Franklin Town is $127,608.
Table Of Contents
Franklin Town's Overall Cost Of Living
Higher Than The National Average
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 141, which is 1.4x higher than the national index of 100.
Compared to Massachusetts, Franklin Town has a cost of living index that's 1.0x lower than Massachusetts's index of 143.
The standard of living in Franklin Town ranks as #75 most affordable out of the 113 places we measured in Massachusetts. By definition, that implies Franklin Town ranks as the #38 most expensive place in the Bay State.
For more reading on life in Franklin Town, check out:
- Living In Franklin Town
- Search Homes For Sale In Franklin Town, MA
In Massachusetts
In America
Franklin Town Cost Of Living Vs. Massachusetts
Six factors go into calculating the cost of living index in Franklin Town. Here is how it fairs on each of the criteria:
The Services index in Franklin Town is 128.
The Groceries index in Franklin Town is 112.
The Health index in Franklin Town is 119.
The Housing index in Franklin Town is 181.
The Transportation index in Franklin Town is 115.
The Utilities index in Franklin Town is 121.
| Living Expense | Franklin Town | Massachusetts | National Average | |
|---|---|---|---|---|
| Overall | 141 | 143 | 100 | |
| Services | 128 | 126 | 100 | |
| Groceries | 112 | 108 | 100 | |
| Health | 119 | 117 | 100 | |
| Housing | 181 | 202 | 100 | |
| Transportation | 115 | 114 | 100 | |
| Utilities | 121 | 123 | 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 2017-2021. The key points are:
The Median Home Value in Franklin Town is $450,800.
The Median Rent in Franklin Town is $1,519.
The Median Income in Franklin Town is $127,608.
The Home Value To Income in Franklin Town is 3.5x.
The Rent To Monthly Income in Franklin Town is 0.14x.
| Statistic | Franklin Town | Massachusetts | United States |
|---|---|---|---|
| Median Home Value | $450,800 | $424,700 | $244,900 |
| Median Rent | $1,519 | $1,429 | $1,163 |
| Median Income | $127,608 | $89,026 | $69,021 |
| Home Value To Income | 3.5x | 4.8x | 3.5x |
| Rent To Monthly Income | 0.14x | 0.19x | 0.2x |
Median Home Value
Median Rent
Median Income
Franklin Town, MA Costs By Category
Detailed Franklin Town Services Costs Vs. Massachusetts
| Item | Franklin Town | Massachusetts |
|---|---|---|
| Shampoo | $1.02 | $1.06 |
| Movie | $12.55 | $10.68 |
| Bowling | $5.61 | $14.67 |
| Haircut | $16.68 | $18.62 |
| Beauty Salon | $50.37 | $39.05 |
Detailed Franklin Town Groceries Costs Vs. Massachusetts
| Item | Franklin Town | Massachusetts |
|---|---|---|
| Ground Beef | $3.34 | $4.22 |
| Fried Chicken | $1.71 | $1.39 |
| Milk | $2.49 | $2.05 |
| Potatoes | $3.3 | $3.29 |
| Pizza | $11.3 | $10.62 |
| Beer | $9.6 | $9.38 |
| Toothpaste | $2.75 | $2.34 |
Detailed Franklin Town Health Costs Vs. Massachusetts
| Item | Franklin Town | Massachusetts |
|---|---|---|
| Optometrist | $136.98 | $108.57 |
| Doctor | $151.91 | $116.17 |
| Dentist | $110.63 | $99.13 |
Detailed Franklin Town Transportation Costs Vs. Massachusetts
| Item | Franklin Town | Massachusetts |
|---|---|---|
| Gasoline | $2.42 | $2.22 |
| Tire Balancing | $59.24 | $50.07 |
Detailed Franklin Town Utilities Costs Vs. Massachusetts
| Item | Franklin Town | Massachusetts |
|---|---|---|
| All Electricity | $217.29 | $167.67 |
| Phone | $31.08 | $175.64 |
Franklin Town SnackAbility
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