What is the cost of living in Franklin, NH?
According to the most recent data on the cost of living, Franklin has an overall cost of living index of 104, which is 1.0x higher than the national index of 100.
Compared to New Hampshire, Franklin has a cost of living index that's 0.9x lower than New Hampshire's index of 111.
The standard of living in Franklin ranks as #3 most affordable out of the 25 places we measured in New Hampshire. By definition, that implies Franklin ranks as the #22 most expensive place in the Granite State.
For more reading on life in Franklin, check out:
Franklin Cost Of Living Vs. New Hampshire
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 106.
The Groceries index in Franklin is 107.
The Health index in Franklin is 103.
The Housing index in Franklin is 102.
The Transportation index in Franklin is 103.
The Utilities index in Franklin is 100.
| Living Expense | Franklin | New Hampshire | National Average |
|---|---|---|---|
| Overall | 104 | 111 | 100 |
| Services | 106 | 103 | 100 |
| Groceries | 107 | 105 | 100 |
| Health | 103 | 126 | 100 |
| Housing | 102 | 104 | 100 |
| Transportation | 103 | 108 | 100 |
| Utilities | 100 | 102 | 100 |
Franklin Cost Of Living Compared To New Hampshire Averages
Index where 100 = national average. Source: cost-of-living index 2026.
For more reading on cost of living around New Hampshire, check out:
- Most Expensive Cities In New Hampshire
- Most Affordable Cities In New Hampshire
- Average Rent In New Hampshire
Source: Cost-of-living index 2026, normalized to US average = 100
Franklin, NH Housing Cost Breakdown
Housing swings affordability the most between places in New Hampshire, 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 $376,959.
The Median Rent in Franklin is $1,110.
The Median Income in Franklin is $71,648.
The Home Value To Income in Franklin is 5.3x.
The Rent To Monthly Income in Franklin is 0.19x.
| Statistic | Franklin | New Hampshire | United States |
|---|---|---|---|
| Median Home Value | $376,959 | $507,347 | $332,700 |
| Median Rent | $1,110 | $1,491 | $1,413 |
| Median Income | $71,648 | $99,031 | $80,734 |
| Home Value To Income | 5.3x | 5.1x | 4.1x |
| Rent To Monthly Income | 0.19x | 0.18x | 0.21x |
Franklin, NH Costs By Category
Detailed Franklin Services costs vs. New Hampshire
| Item | Franklin | New Hampshire |
|---|---|---|
| Shampoo | $1.25 | $1.28 |
| Movie | $13.07 | $12.13 |
| Bowling | $25.44 | $18 |
| Haircut | $26.58 | $24.26 |
| Beauty Salon | $67.97 | $45.56 |
Detailed Franklin Groceries costs vs. New Hampshire
| Item | Franklin | New Hampshire |
|---|---|---|
| Ground Beef | $5.47 | $5.84 |
| Fried Chicken | $1.44 | $1.57 |
| Milk | $4.75 | $4.67 |
| Potatoes | $5.01 | $4.93 |
| Pizza | $11.66 | $12.09 |
| Beer | $9.82 | $10.41 |
| Toothpaste | $3.73 | $3.7 |
Detailed Franklin Health costs vs. New Hampshire
| Item | Franklin | New Hampshire |
|---|---|---|
| Optometrist | $115.0 | $125.68 |
| Doctor | $164.0 | $135.78 |
| Dentist | $136.17 | $113.29 |
Detailed Franklin Transportation costs vs. New Hampshire
| Item | Franklin | New Hampshire |
|---|---|---|
| Gasoline | $3.33 | $3.46 |
| Tire Balancing | $86.0 | $59.92 |
Detailed Franklin Utilities costs vs. New Hampshire
| Item | Franklin | New Hampshire |
|---|---|---|
| All Electricity | $294.4 | $193.99 |
| Phone | $186.72 | $192.25 |
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:
Concord, NH has a cost of living index of 110, 1.1x Franklin.
Dover, NH has a cost of living index of 116, 1.1x Franklin.
Laconia, NH has a cost of living index of 105, 1.0x Franklin.
| City | Population | Cost Of Living | Vs. Franklin |
|---|---|---|---|
| Concord, NH | 44,375 | 110 | 1.1x |
| Dover, NH | 33,364 | 116 | 1.1x |
| Laconia, NH | 17,085 | 105 | 1.0x |
| Durham, NH | 10,681 | 127 | 1.2x |
| Exeter, NH | 9,964 | 114 | 1.1x |
| Hanover, NH | 8,479 | 148 | 1.4x |
| South Hooksett, NH | 5,902 | 116 | 1.1x |
| Newmarket, NH | 5,679 | 115 | 1.1x |
