What is the cost of living in New Franklin, OH?
According to the most recent data on the cost of living, New Franklin has an overall cost of living index of 95, which is 0.9x lower than the national index of 100.
Compared to Ohio, New Franklin has a cost of living index that's 1.1x higher than Ohio's index of 90.
The standard of living in New Franklin ranks as #191 most affordable out of the 284 places we measured in Ohio. By definition, that implies New Franklin ranks as the #93 most expensive place in the Buckeye State.
For more reading on life in New Franklin, check out:
New Franklin Cost Of Living Vs. Ohio
Six factors go into calculating the cost of living index in New Franklin. Here is how it fares on each of the criteria:
The Services index in New Franklin is 99.
The Groceries index in New Franklin is 96.
The Health index in New Franklin is 90.
The Housing index in New Franklin is 93.
The Transportation index in New Franklin is 100.
The Utilities index in New Franklin is 91.
| Living Expense | New Franklin | Ohio | National Average |
|---|---|---|---|
| Overall | 95 | 90 | 100 |
| Services | 99 | 97 | 100 |
| Groceries | 96 | 97 | 100 |
| Health | 90 | 75 | 100 |
| Housing | 93 | 97 | 100 |
| Transportation | 100 | 95 | 100 |
| Utilities | 91 | 97 | 100 |
New 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 New Franklin Get matched →Source: Cost-of-living index 2026, normalized to US average = 100
New 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 New Franklin is $241,577.
The Median Rent in New Franklin is $1,132.
The Median Income in New Franklin is $90,244.
The Home Value To Income in New Franklin is 2.7x.
The Rent To Monthly Income in New Franklin is 0.15x.
| Statistic | New Franklin | Ohio | United States |
|---|---|---|---|
| Median Home Value | $241,577 | $242,141 | $332,700 |
| Median Rent | $1,132 | $1,034 | $1,413 |
| Median Income | $90,244 | $71,389 | $80,734 |
| Home Value To Income | 2.7x | 3.4x | 4.1x |
| Rent To Monthly Income | 0.15x | 0.17x | 0.21x |
New Franklin, OH Costs By Category
Detailed New Franklin Services costs vs. Ohio
| Item | New Franklin | Ohio |
|---|---|---|
| Shampoo | $1.45 | $1.28 |
| Movie | $11.6 | $12.13 |
| Bowling | $18.27 | $18 |
| Haircut | $23.67 | $24.26 |
| Beauty Salon | $35.31 | $45.56 |
Detailed New Franklin Groceries costs vs. Ohio
| Item | New Franklin | Ohio |
|---|---|---|
| Ground Beef | $5.46 | $5.84 |
| Fried Chicken | $1.39 | $1.57 |
| Milk | $4.57 | $4.67 |
| Potatoes | $5.38 | $4.93 |
| Pizza | $9.98 | $12.09 |
| Beer | $10.51 | $10.41 |
| Toothpaste | $3.68 | $3.7 |
Detailed New Franklin Health costs vs. Ohio
| Item | New Franklin | Ohio |
|---|---|---|
| Optometrist | $103.58 | $125.68 |
| Doctor | $119.67 | $135.78 |
| Dentist | $109.73 | $113.29 |
Detailed New Franklin Transportation costs vs. Ohio
| Item | New Franklin | Ohio |
|---|---|---|
| Gasoline | $3.41 | $3.46 |
| Tire Balancing | $57.76 | $59.92 |
Detailed New Franklin Utilities costs vs. Ohio
| Item | New Franklin | Ohio |
|---|---|---|
| All Electricity | $205.88 | $193.99 |
| Phone | $186.78 | $192.25 |
New Franklin SnackAbility
Cost Of Living In Cities Around New Franklin
The cost of living varies in the cities and towns around New Franklin. Here's a quick look at the cost of living in the most populous nearby places:
Cuyahoga Falls, OH has a cost of living index of 93, 1.0x New Franklin.
Stow, OH has a cost of living index of 98, 1.0x New Franklin.
Green, OH has a cost of living index of 97, 1.0x New Franklin.
| City | Population | Cost Of Living | Vs. New Franklin |
|---|---|---|---|
| Cuyahoga Falls, OH | 50,909 | 93 | 1.0x |
| Stow, OH | 34,240 | 98 | 1.0x |
| Green, OH | 27,393 | 97 | 1.0x |
| Kent, OH | 27,116 | 91 | 1.0x |
| Barberton, OH | 24,844 | 82 | 0.9x |
| Wadsworth, OH | 24,492 | 92 | 1.0x |
| Tallmadge, OH | 18,335 | 97 | 1.0x |
| North Canton, OH | 17,727 | 92 | 1.0x |
| Norton, OH | 11,524 | 93 | 1.0x |
| Fairlawn, OH | 7,711 | 93 | 1.0x |
