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 153, which is 1.5x 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 121.
The standard of living in Franklin Square ranks as #244 most affordable out of the 336 places we measured in New York. By definition, that implies Franklin Square ranks as the #92 most expensive place in the Empire State.
For more reading on life in Franklin Square, check out:
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 fares on each of the criteria:
The Services index in Franklin Square is 107.
The Groceries index in Franklin Square is 109.
The Health index in Franklin Square is 253.
The Housing index in Franklin Square is 109.
The Transportation index in Franklin Square is 114.
The Utilities index in Franklin Square is 110.
| Living Expense | Franklin Square | New York | National Average |
|---|---|---|---|
| Overall | 153 | 121 | 100 |
| Services | 107 | 105 | 100 |
| Groceries | 109 | 108 | 100 |
| Health | 253 | 143 | 100 |
| Housing | 109 | 112 | 100 |
| Transportation | 114 | 114 | 100 |
| Utilities | 110 | 111 | 100 |
Franklin Square Cost Of Living Compared To New York Averages
Index where 100 = national average. Source: cost-of-living index 2026.
For more reading on cost of living around New York, check out:
Protect your home budget Compare home warranties in Franklin Square Get matched →Source: Cost-of-living index 2026, normalized to US average = 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 2020-2024. The key points are:
The Median Home Value in Franklin Square is $804,524.
The Median Rent in Franklin Square is $2,102.
The Median Income in Franklin Square is $143,263.
The Home Value To Income in Franklin Square is 5.6x.
The Rent To Monthly Income in Franklin Square is 0.18x.
| Statistic | Franklin Square | New York | United States |
|---|---|---|---|
| Median Home Value | $804,524 | $507,794 | $332,700 |
| Median Rent | $2,102 | $1,621 | $1,413 |
| Median Income | $143,263 | $85,974 | $80,734 |
| Home Value To Income | 5.6x | 5.9x | 4.1x |
| Rent To Monthly Income | 0.18x | 0.23x | 0.21x |
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
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 142, 0.9x Franklin Square.
Elmont, NY has a cost of living index of 142, 0.9x Franklin Square.
Plainview, NY has a cost of living index of 166, 1.1x Franklin Square.
| City | Population | Cost Of Living | Vs. Franklin Square |
|---|---|---|---|
| Levittown, NY | 51,904 | 142 | 0.9x |
| Elmont, NY | 36,518 | 142 | 0.9x |
| Plainview, NY | 25,982 | 166 | 1.1x |
| Merrick, NY | 21,744 | 163 | 1.1x |
| Massapequa, NY | 21,389 | 165 | 1.1x |
| West Hempstead, NY | 20,648 | 151 | 1.0x |
| Syosset, NY | 18,433 | 180 | 1.2x |
| Woodmere, NY | 18,061 | 186 | 1.2x |
| North Valley Stream, NY | 17,825 | 146 | 1.0x |
| Massapequa Park, NY | 16,963 | 158 | 1.0x |
