Franklin, PA Cost Of Living
Cost Of Living In Franklin, PA Summary
Cost of living in Franklin 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 is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Pennsylvania, 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 is 85, with 100 being the average.
The cost of living index in Franklin is 0.8x lower than the national average.
Franklin ranks as the #19 cheapest in Pennsylvania out of 255.
Franklin ranks as the #511 cheapest out of 6,489 in the US.
The median home value in Franklin is $133,997.
The median income in Franklin is $54,955.
Table Of Contents
Franklin's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Franklin, PA?
According to the most recent data on the cost of living, Franklin has an overall cost of living index of 85, which is 0.8x lower than the national index of 100.
Compared to Pennsylvania, Franklin has a cost of living index that's 0.8x lower than Pennsylvania's index of 100.
The standard of living in Franklin ranks as #19 most affordable out of the 255 places we measured in Pennsylvania. By definition, that implies Franklin ranks as the #236 most expensive place in the Keystone State.
For more reading on life in Franklin, check out:
In Pennsylvania
In America
Franklin Cost Of Living Vs. Pennsylvania
Six factors go into calculating the cost of living index in Franklin. Here is how it fairs on each of the criteria:
The Services index in Franklin is 98.
The Groceries index in Franklin is 96.
The Health index in Franklin is 87.
The Housing index in Franklin is 53.
The Transportation index in Franklin is 113.
The Utilities index in Franklin is 111.
| Living Expense | Franklin | Pennsylvania | National Average | |
|---|---|---|---|---|
| Overall | 85 | 100 | 100 | |
| Services | 98 | 101 | 100 | |
| Groceries | 96 | 101 | 100 | |
| Health | 87 | 95 | 100 | |
| Housing | 53 | 93 | 100 | |
| Transportation | 113 | 108 | 100 | |
| Utilities | 111 | 108 | 100 | |
Franklin, PA Housing Cost Breakdown
Housing swings affordability the most between places in Pennsylvania, 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 is $133,997.
The Median Rent in Franklin is $731.
The Median Income in Franklin is $54,955.
The Home Value To Income in Franklin is 2.4x.
The Rent To Monthly Income in Franklin is 0.16x.
| Statistic | Franklin | Pennsylvania | United States |
|---|---|---|---|
| Median Home Value | $133,997 | $281,782 | $303,400 |
| Median Rent | $731 | $1,162 | $1,348 |
| Median Income | $54,955 | $76,081 | $78,538 |
| Home Value To Income | 2.4x | 3.7x | 3.9x |
| Rent To Monthly Income | 0.16x | 0.18x | 0.21x |
Median Home Value
Median Rent
Median Income
Franklin, PA Costs By Category
Detailed Franklin Services Costs Vs. Pennsylvania
| Item | Franklin | Pennsylvania |
|---|---|---|
| Shampoo | $1.42 | $1.28 |
| Movie | $10.18 | $12.13 |
| Bowling | $12.76 | $18 |
| Haircut | $20.02 | $24.26 |
| Beauty Salon | $45.08 | $45.56 |
Detailed Franklin Groceries Costs Vs. Pennsylvania
| Item | Franklin | Pennsylvania |
|---|---|---|
| Ground Beef | $5.35 | $5.84 |
| Fried Chicken | $1.33 | $1.57 |
| Milk | $4.52 | $4.67 |
| Potatoes | $5.46 | $4.93 |
| Pizza | $9.45 | $12.09 |
| Beer | $8.99 | $10.41 |
| Toothpaste | $3.63 | $3.7 |
Detailed Franklin Health Costs Vs. Pennsylvania
| Item | Franklin | Pennsylvania |
|---|---|---|
| Optometrist | $99.22 | $125.68 |
| Doctor | $124.54 | $135.78 |
| Dentist | $103.83 | $113.29 |
Detailed Franklin Transportation Costs Vs. Pennsylvania
| Item | Franklin | Pennsylvania |
|---|---|---|
| Gasoline | $3.68 | $3.46 |
| Tire Balancing | $79.53 | $59.92 |
Detailed Franklin Utilities Costs Vs. Pennsylvania
| Item | Franklin | Pennsylvania |
|---|---|---|
| All Electricity | $218.99 | $193.99 |
| Phone | $196.0 | $192.25 |
Franklin SnackAbility
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