Franklin, TN Cost Of Living

Demographics | Crime | Cost Of Living
Updated: 2021-02-06
117
Franklin's Overall Cost Of Living
1.2x
Higher Than The National Average
101 out of 105
In Tennessee
4,633 out of 6,399
In America
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, TN?

According to the most recent data on the cost of living, Franklin has an overall cost of living index of 117 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 #4,636 most affordable out of the 6,522 places we measured in Tennessee. By definition, that implies Franklin ranks as the #1,770 most expensive place in the Volunteer State.

For more reading on life in Franklin, check out:

Franklin Cost Of Living Vs. Tennessee

Living Expense Franklin Tennessee National Average
Overall 117 89 100
Services 97 93 100
Groceries 98 95 100
Health 92 89 100
Housing 169 80 100
Transportation 91 88 100
Utilities 93 96 100
For more reading on cost of living around Tennessee, check out:
Franklin Cost of Living Vs. TN

Franklin, TN Housing Cost Breakdown

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.

$412,400
Median Home Value
$1,481
Median Rent
$98,231
Median Income
Statistic Franklin Tennessee United States
Median Home Value $412,400 $167,200 $217,500
Median Rent $1,481 $869 $1,062
Median Income $98,231 $53,320 $62,843
Home Value To Income 4.2x 3.1x 3.5x
Rent To Monthly Income 0.18x 0.2x 0.2x

Detailed Franklin Services Costs Vs. Tennessee

Item Franklin Tennessee
Shampoo $1.0 $1.01
Movie $10.73 $10.72
Bowling $17.75 $13.86

Detailed Franklin Groceries Costs Vs. Tennessee

Item Franklin Tennessee
Ground Beef $4.22 $3.9
Fried Chicken $1.61 $1.4
Milk $2.09 $1.96

Detailed Franklin Health Costs Vs. Tennessee

Item Franklin Tennessee
Haircut $15.67 $17.49
Beauty Salon $37.5 $38.17
Toothpaste $4.49 $2.32

Detailed Franklin Transportation Costs Vs. Tennessee

Item Franklin Tennessee
Potatoes $2.97 $3.18
Pizza $10.14 $10.39
Beer $9.99 $9.23
Optometrist $100.25 $106.34
Doctor $104.0 $115.25
Dentist $101.67 $98.38

Detailed Franklin Utilities Costs Vs. Tennessee

Item Franklin Tennessee
Gasoline $2.52 $2.59
Tire Balancing $40.95 $48.9
All Electricity $148.56 $167.6
Phone $178.95 $163.42

Franklin SnackAbility

9
/10
Overall SnackAbility
Jobs
9/10
Housing
9
Affordability
6
Diversity
8
Safety
8
Amenities
8.5
Education
9
Commute
7

Cost Of Living In Cities Around Franklin

City Population Cost Of Living Vs. Franklin
Smyrna, TN 49,552 93 0.8x
Brentwood, TN 42,407 148 1.3x
Spring Hill, TN 39,711 101 0.9x
La Vergne, TN 35,411 92 0.8x
Fairview, TN 8,762 95 0.8x
Nolensville, TN 8,390 121 1.0x

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