What is the cost of living in Franklin, OH?
According to the most recent data on the cost of living, Franklin has an overall cost of living index of 87, which is 0.9x lower than the national index of 100.
Compared to Ohio, Franklin has a cost of living index that's 1.0x lower than Ohio's index of 90.
The standard of living in Franklin ranks as #80 most affordable out of the 284 places we measured in Ohio. By definition, that implies Franklin ranks as the #204 most expensive place in the Buckeye State.
For more reading on life in Franklin, check out:
Franklin Cost Of Living Vs. Ohio
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 98.
The Groceries index in Franklin is 98.
The Health index in Franklin is 69.
The Housing index in Franklin is 99.
The Transportation index in Franklin is 94.
The Utilities index in Franklin is 99.
| Living Expense | Franklin | Ohio | National Average |
|---|---|---|---|
| Overall | 87 | 90 | 100 |
| Services | 98 | 97 | 100 |
| Groceries | 98 | 97 | 100 |
| Health | 69 | 75 | 100 |
| Housing | 99 | 97 | 100 |
| Transportation | 94 | 95 | 100 |
| Utilities | 99 | 97 | 100 |
Franklin Cost Of Living Compared To Ohio Averages
Index where 100 = national average. Source: cost-of-living index 2026.
For more reading on cost of living around Ohio, check out:
Protect your home budget Compare home warranties in Franklin Get matched →Source: Cost-of-living index 2026, normalized to US average = 100
Franklin, OH Housing Cost Breakdown
Housing swings affordability the most between places in Ohio, 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 $263,565.
The Median Rent in Franklin is $981.
The Median Income in Franklin is $58,587.
The Home Value To Income in Franklin is 4.5x.
The Rent To Monthly Income in Franklin is 0.2x.
Franklin, OH Costs By Category
Detailed Franklin Services costs vs. Ohio
Detailed Franklin Groceries costs vs. Ohio
Detailed Franklin Health costs vs. Ohio
Detailed Franklin Transportation costs vs. Ohio
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:
Kettering, OH has a cost of living index of 92, 1.1x Franklin.
Middletown, OH has a cost of living index of 86, 1.0x Franklin.
Beavercreek, OH has a cost of living index of 101, 1.2x Franklin.
| City | Population | Cost Of Living | Vs. Franklin |
|---|---|---|---|
| Kettering, OH | 57,206 | 92 | 1.1x |
| Middletown, OH | 51,617 | 86 | 1.0x |
| Beavercreek, OH | 47,126 | 101 | 1.2x |
| Mason, OH | 35,509 | 117 | 1.3x |
| Centerville, OH | 25,205 | 96 | 1.1x |
| Springboro, OH | 19,980 | 109 | 1.3x |
| Miamisburg, OH | 19,948 | 94 | 1.1x |
| Monroe, OH | 15,401 | 99 | 1.1x |
| Loveland, OH | 13,197 | 100 | 1.1x |
| West Carrollton, OH | 12,976 | 85 | 1.0x |
