According to the most recent data on the cost of living, Franklin has an overall cost of living index of 118 which is 1.2x higher than the national index of 100.
Compared to only Tennessee, Franklin has a cost of living index that's 1.3x higher than Tennessee's index of 89.
The standard of living in Franklin ranks as #4,689 most affordable out of the 6,418 places we measured in Tennessee. By definition, that implies Franklin ranks as the #1,729 most expensive place in the Volunteer State.
|Living Expense||Franklin||Tennessee||National Average|
Housing swings affordability the most between places in Tennessee, 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||$438,800||$177,600||$229,800|
|Home Value To Income||4.4x||3.2x||3.5x|
|Rent To Monthly Income||0.19x||0.2x||0.2x|
|City||Population||Cost Of Living||Vs. Franklin|
|Spring Hill, TN||41,797||106||0.9x|
|La Vergne, TN||35,556||94||0.8x|