According to the most recent data on the cost of living, Franklin has an overall cost of living index of 98 which is 1.0x lower than the national index of 100.
Compared to only Virginia, Franklin has a cost of living index that's 0.9x lower than Virginia's index of 106.
The standard of living in Franklin ranks as #2,890 most affordable out of the 6,418 places we measured in Virginia. By definition, that implies Franklin ranks as the #3,528 most expensive place in the Old Dominion.
|Living Expense||Franklin||Virginia||National Average|
Housing swings affordability the most between places in Virginia, 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.
|City||Population||Cost Of Living||Vs. Franklin|
|Newport News, VA||179,582||102||1.0x|
|Colonial Heights, VA||17,283||97||1.0x|
|Roanoke Rapids, NC||14,562||90||0.9x|
|Gloucester Point, VA||10,373||105||1.1x|