Franklin, NH Cost Of Living

Demographics | Crime | Cost Of Living
Updated: 2023-11-15

Cost Of Living In Franklin, NH Summary

Cost of living in Franklin 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 is expensive. An index value below 100 means the city is a relatively cheap place to live.

On a city-by-city basis in New Hampshire, 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 is 103, with 100 being the average.

  • The cost of living index in Franklin is 1.0x higher than the national average.

  • Franklin ranks as the #5 cheapest in New Hampshire out of 25.

  • Franklin ranks as the #3,487 cheapest out of 6,412 in the US.

  • The median home value in Franklin is $205,300.

  • The median income in Franklin is $61,664.

Table Of Contents

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
  5. Nearby Comparisons
103
Franklin's Overall Cost Of Living
1.0x
Higher Than The National Average

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 103, 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 114.

The standard of living in Franklin ranks as #5 most affordable out of the 25 places we measured in New Hampshire. By definition, that implies Franklin ranks as the #20 most expensive place in the Granite State.

For more reading on life in Franklin, check out:

5 out of 25
In New Hampshire
3,487 out of 6,412
In America

Franklin Cost Of Living Vs. New Hampshire

Six factors go into calculating the cost of living index in Franklin. Here is how it fairs on each of the criteria:

  • The Services index in Franklin is 110.

  • The Groceries index in Franklin is 99.

  • The Health index in Franklin is 115.

  • The Housing index in Franklin is 85.

  • The Transportation index in Franklin is 96.

  • The Utilities index in Franklin is 114.

Living Expense Franklin New Hampshire National Average
Overall 103 114 100
Services 110 123 100
Groceries 99 102 100
Health 115 124 100
Housing 85 108 100
Transportation 96 110 100
Utilities 114 122 100
For more reading on cost of living around New Hampshire, check out:
Franklin Cost of Living Vs. NH

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 2017-2021. The key points are:

  • The Median Home Value in Franklin is $205,300.

  • The Median Rent in Franklin is $948.

  • The Median Income in Franklin is $61,664.

  • The Home Value To Income in Franklin is 3.3x.

  • The Rent To Monthly Income in Franklin is 0.18x.

Statistic Franklin New Hampshire United States
Median Home Value $205,300 $288,700 $244,900
Median Rent $948 $1,212 $1,163
Median Income $61,664 $83,449 $69,021
Home Value To Income 3.3x 3.5x 3.5x
Rent To Monthly Income 0.18x 0.17x 0.2x
Search Homes For Sale In Franklin, NH
$205,300
Median Home Value
$948
Median Rent
$61,664
Median Income

Franklin, NH Costs By Category

Detailed Franklin Services Costs Vs. New Hampshire

Item Franklin New Hampshire
Shampoo $0.98 $1.06
Movie $8.77 $10.68
Bowling $19.0 $14.67
Haircut $25.03 $18.62
Beauty Salon $41.18 $39.05

Detailed Franklin Groceries Costs Vs. New Hampshire

Item Franklin New Hampshire
Ground Beef $3.49 $4.22
Fried Chicken $1.19 $1.39
Milk $2.79 $2.05
Potatoes $3.41 $3.29
Pizza $11.09 $10.62
Beer $8.99 $9.38
Toothpaste $2.64 $2.34

Detailed Franklin Health Costs Vs. New Hampshire

Item Franklin New Hampshire
Optometrist $101.89 $108.57
Doctor $152.49 $116.17
Dentist $121.64 $99.13

Detailed Franklin Transportation Costs Vs. New Hampshire

Item Franklin New Hampshire
Gasoline $2.0 $2.22
Tire Balancing $51.84 $50.07

Detailed Franklin Utilities Costs Vs. New Hampshire

Item Franklin New Hampshire
All Electricity $205.73 $167.67
Phone $179.98 $175.64

Franklin SnackAbility

5
/10
Overall SnackAbility
Jobs
8/10
Housing
8
Affordability
7
Diversity
4
Safety
8
Amenities
6
Education
7
Commute
6

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 109, 1.1x Franklin.

  • Dover, NH has a cost of living index of 113, 1.1x Franklin.

  • Laconia, NH has a cost of living index of 106, 1.0x Franklin.

City Population Cost Of Living Vs. Franklin
Concord, NH 43,552 109 1.1x
Dover, NH 32,599 113 1.1x
Laconia, NH 16,786 106 1.0x
Durham, NH 11,616 121 1.2x
Exeter, NH 9,908 110 1.1x
Hanover, NH 8,813 143 1.4x
South Hooksett, NH 5,906 111 1.1x
Newmarket, NH 5,621 108 1.0x

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