Franklin, OH Cost Of Living

Demographics | Cost Of Living
Updated: 2020-03-08
Franklin's Overall Cost Of Living
Lower Than The National Average
The cost of living index is set to 100 for the average place in America. An index above 100 means Franklin is expensive, while a number below 100 means it's a relatively cheap place to live.

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 88 which is 0.9x lower than the national index of 100.

Compared to only Ohio, Franklin has a cost of living index that's 1.0x lower than Ohio's index of 91.

The standard of living in Franklin ranks as #1324 most affordable out of the 6522 places we measured in Ohio. By definition, that implies Franklin ranks as the #5083 most expensive place in the Buckeye State.

For more reading on life in Franklin, check out:

Franklin Cost Of Living Vs. Ohio

Living Expense Franklin Ohio National Average
Overall 88 91 100
Services 103 100 100
Groceries 94 98 100
Health 85 96 100
Housing 64 73 100
Transportation 104 102 100
Utilities 91 91 100
For more reading on cost of living around Ohio, check out:
Franklin Cost of Living Vs. OH

Franklin, OH Housing Cost Breakdown

Housing swings affordability the most between places in Ohio, so we broke down the statistics around housing costs into more detail. It's also important to consider median household incomes to make apples-to-apples comparisons across locations.

Home and income come data comes from the most recent US Census ACS 2014-2018.

Median Home Value
Median Rent
Median Income
Statistic Franklin Ohio United States
Median Home Value $110,200 $140,000 $204,900
Median Rent $785 $788 $1,023
Median Income $50,143 $54,533 $60,293
Home Value To Income 2.2x 2.6x 3.4x
Rent To Monthly Income 0.19x 0.17x 0.2x

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Cost Of Living In Cities Around Franklin

City Population Cost Of Living Vs. Franklin
Kettering, OH 55,405 91 1.0x
Middletown, OH 48,449 87 1.0x
Beavercreek, OH 46,600 100 1.1x
Mason, OH 32,749 106 1.2x
Centerville, OH 23,821 98 1.1x
Miamisburg, OH 19,974 91 1.0x
Springboro, OH 18,042 102 1.2x
Monroe, OH 14,013 97 1.1x
Loveland, OH 13,082 97 1.1x
West Carrollton, OH 12,954 87 1.0x

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