Franklin Square, NY Cost Of Living
Cost Of Living In Franklin Square, NY Summary
Cost of living in Franklin Square 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 Square 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 York, 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 Square is 160, with 100 being the average.
The cost of living index in Franklin Square is 1.6x higher than the national average.
Franklin Square ranks as the #268 cheapest in New York out of 341.
Franklin Square ranks as the #5,900 cheapest out of 6,489 in the US.
The median home value in Franklin Square is $794,971.
The median income in Franklin Square is $140,051.
Table Of Contents
Franklin Square's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Franklin Square, NY?
According to the most recent data on the cost of living, Franklin Square has an overall cost of living index of 160, which is 1.6x higher than the national index of 100.
Compared to New York, Franklin Square has a cost of living index that's 1.3x higher than New York's index of 119.
The standard of living in Franklin Square ranks as #268 most affordable out of the 341 places we measured in New York. By definition, that implies Franklin Square ranks as the #73 most expensive place in the Empire State.
For more reading on life in Franklin Square, check out:
In New York
In America
Franklin Square Cost Of Living Vs. New York
Six factors go into calculating the cost of living index in Franklin Square. Here is how it fairs on each of the criteria:
The Services index in Franklin Square is 129.
The Groceries index in Franklin Square is 113.
The Health index in Franklin Square is 120.
The Housing index in Franklin Square is 253.
The Transportation index in Franklin Square is 117.
The Utilities index in Franklin Square is 103.
| Living Expense | Franklin Square | New York | National Average | |
|---|---|---|---|---|
| Overall | 160 | 119 | 100 | |
| Services | 129 | 110 | 100 | |
| Groceries | 113 | 103 | 100 | |
| Health | 120 | 101 | 100 | |
| Housing | 253 | 145 | 100 | |
| Transportation | 117 | 105 | 100 | |
| Utilities | 103 | 99 | 100 | |
Franklin Square, NY Housing Cost Breakdown
Housing swings affordability the most between places in New York, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2019-2023. The key points are:
The Median Home Value in Franklin Square is $794,971.
The Median Rent in Franklin Square is $2,052.
The Median Income in Franklin Square is $140,051.
The Home Value To Income in Franklin Square is 5.7x.
The Rent To Monthly Income in Franklin Square is 0.18x.
| Statistic | Franklin Square | New York | United States |
|---|---|---|---|
| Median Home Value | $794,971 | $508,764 | $303,400 |
| Median Rent | $2,052 | $1,576 | $1,348 |
| Median Income | $140,051 | $84,578 | $78,538 |
| Home Value To Income | 5.7x | 6.0x | 3.9x |
| Rent To Monthly Income | 0.18x | 0.22x | 0.21x |
Median Home Value
Median Rent
Median Income
Franklin Square, NY Costs By Category
Detailed Franklin Square Services Costs Vs. New York
| Item | Franklin Square | New York |
|---|---|---|
| Shampoo | $1.69 | $1.28 |
| Movie | $13.68 | $12.13 |
| Bowling | $29.4 | $18 |
| Haircut | $34.94 | $24.26 |
| Beauty Salon | $64.07 | $45.56 |
Detailed Franklin Square Groceries Costs Vs. New York
| Item | Franklin Square | New York |
|---|---|---|
| Ground Beef | $5.87 | $5.84 |
| Fried Chicken | $1.46 | $1.57 |
| Milk | $4.97 | $4.67 |
| Potatoes | $5.21 | $4.93 |
| Pizza | $12.57 | $12.09 |
| Beer | $11.87 | $10.41 |
| Toothpaste | $3.96 | $3.7 |
Detailed Franklin Square Health Costs Vs. New York
| Item | Franklin Square | New York |
|---|---|---|
| Optometrist | $128.97 | $125.68 |
| Doctor | $162.24 | $135.78 |
| Dentist | $149.64 | $113.29 |
Detailed Franklin Square Transportation Costs Vs. New York
| Item | Franklin Square | New York |
|---|---|---|
| Gasoline | $3.55 | $3.46 |
| Tire Balancing | $86.43 | $59.92 |
Detailed Franklin Square Utilities Costs Vs. New York
| Item | Franklin Square | New York |
|---|---|---|
| All Electricity | $201.27 | $193.99 |
| Phone | $200.67 | $192.25 |
Franklin Square SnackAbility
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Cost Of Living In Cities Around Franklin Square
The cost of living varies in the cities and towns around Franklin Square. Here's a quick look at the cost of living in the most populous nearby places:
Levittown, NY has a cost of living index of 145, 0.9x Franklin Square.
Elmont, NY has a cost of living index of 150, 0.9x Franklin Square.
Plainview, NY has a cost of living index of 167, 1.0x Franklin Square.
| City | Population | Cost Of Living | Vs. Franklin Square |
|---|---|---|---|
| Levittown, NY | 51,557 | 145 | 0.9x |
| Elmont, NY | 36,436 | 150 | 0.9x |
| Plainview, NY | 26,251 | 167 | 1.0x |
| Massapequa, NY | 21,822 | 166 | 1.0x |
| Merrick, NY | 21,816 | 167 | 1.0x |
| West Hempstead, NY | 20,762 | 158 | 1.0x |
| Syosset, NY | 18,274 | 182 | 1.1x |
| Woodmere, NY | 18,198 | 194 | 1.2x |
| North Valley Stream, NY | 17,756 | 151 | 0.9x |
| Massapequa Park, NY | 16,985 | 161 | 1.0x |
