Franklin, VA Cost Of Living

Demographics | Crime | Cost Of Living
Updated: 2022-04-07
98
Franklin's Overall Cost Of Living
1.0x
Lower Than The National Average
43 out of 186
In Virginia
2,890 out of 6,412
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, VA?

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.

For more reading on life in Franklin, check out:

Franklin Cost Of Living Vs. Virginia

Living Expense Franklin Virginia National Average
Overall 98 106 100
Services 104 99 100
Groceries 93 98 100
Health 103 98 100
Housing 93 131 100
Transportation 93 93 100
Utilities 103 96 100
For more reading on cost of living around Virginia, check out:
Franklin Cost of Living Vs. VA

Franklin, VA Housing Cost Breakdown

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.

$179,200
Median Home Value
$833
Median Rent
$49,811
Median Income
Statistic Franklin Virginia United States
Median Home Value $179,200 $282,800 $229,800
Median Rent $833 $1,257 $1,096
Median Income $49,811 $76,398 $64,994
Home Value To Income 3.6x 3.7x 3.5x
Rent To Monthly Income 0.2x 0.2x 0.2x

Detailed Franklin Services Costs Vs. Virginia

Item Franklin Virginia
Shampoo $0.97 $1.06
Movie $11.73 $10.68
Bowling $18.0 $14.67

Detailed Franklin Groceries Costs Vs. Virginia

Item Franklin Virginia
Ground Beef $3.61 $4.22
Fried Chicken $1.05 $1.39
Milk $1.58 $2.05

Detailed Franklin Health Costs Vs. Virginia

Item Franklin Virginia
Haircut $21.36 $18.62
Beauty Salon $44.43 $39.05
Toothpaste $1.85 $2.34

Detailed Franklin Transportation Costs Vs. Virginia

Item Franklin Virginia
Potatoes $3.16 $3.29
Pizza $10.13 $10.62
Beer $9.82 $9.38
Optometrist $116.2 $108.57
Doctor $139.74 $116.17
Dentist $99.4 $99.13

Detailed Franklin Utilities Costs Vs. Virginia

Item Franklin Virginia
Gasoline $2.01 $2.22
Tire Balancing $46.7 $50.07
All Electricity $176.41 $167.67
Phone $177.97 $175.64

Franklin SnackAbility

5
/10
Overall SnackAbility
Jobs
5/10
Housing
7
Affordability
6
Diversity
9
Safety
5
Amenities
8
Education
6
Commute
6

Cost Of Living In Cities Around Franklin

City Population Cost Of Living Vs. Franklin
Chesapeake, VA 242,647 115 1.2x
Newport News, VA 179,582 102 1.0x
Hampton, VA 135,169 99 1.0x
Suffolk, VA 91,383 109 1.1x
Colonial Heights, VA 17,283 97 1.0x
Roanoke Rapids, NC 14,562 90 0.9x
Poquoson, VA 12,121 113 1.2x
Gloucester Point, VA 10,373 105 1.1x
Smithfield, VA 8,492 111 1.1x

Articles About Virginia

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