What is the cost of living in Franklin, WI?
According to the most recent data on the cost of living, Franklin has an overall cost of living index of 110, which is 1.1x higher than the national index of 100.
Compared to Wisconsin, Franklin has a cost of living index that's 1.1x higher than Wisconsin's index of 98.
The standard of living in Franklin ranks as #114 most affordable out of the 146 places we measured in Wisconsin. By definition, that implies Franklin ranks as the #32 most expensive place in the Badger State.
For more reading on life in Franklin, check out:
Franklin Cost Of Living Vs. Wisconsin
Six factors go into calculating the cost of living index in Franklin. Here is how it fares on each of the criteria:
The Services index in Franklin is 100.
The Groceries index in Franklin is 97.
The Health index in Franklin is 137.
The Housing index in Franklin is 102.
The Transportation index in Franklin is 104.
The Utilities index in Franklin is 97.
| Living Expense | Franklin | Wisconsin | National Average |
|---|---|---|---|
| Overall | 110 | 98 | 100 |
| Services | 100 | 98 | 100 |
| Groceries | 97 | 100 | 100 |
| Health | 137 | 91 | 100 |
| Housing | 102 | 99 | 100 |
| Transportation | 104 | 102 | 100 |
| Utilities | 97 | 100 | 100 |
Franklin Cost Of Living Compared To Wisconsin Averages
Index where 100 = national average. Source: cost-of-living index 2026.
For more reading on cost of living around Wisconsin, check out:
Protect your home budget Compare home warranties in Franklin Get matched →Source: Cost-of-living index 2026, normalized to US average = 100
Franklin, WI Housing Cost Breakdown
Housing swings affordability the most between places in Wisconsin, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2020-2024. The key points are:
The Median Home Value in Franklin is $436,182.
The Median Rent in Franklin is $1,458.
The Median Income in Franklin is $106,894.
The Home Value To Income in Franklin is 4.1x.
The Rent To Monthly Income in Franklin is 0.16x.
Franklin, WI Costs By Category
Detailed Franklin Services costs vs. Wisconsin
Detailed Franklin Groceries costs vs. Wisconsin
Detailed Franklin Health costs vs. Wisconsin
Detailed Franklin Transportation costs vs. Wisconsin
Franklin SnackAbility
Cost Of Living In Cities Around Franklin
The cost of living varies in the cities and towns around Franklin. Here's a quick look at the cost of living in the most populous nearby places:
West Allis, WI has a cost of living index of 92, 0.8x Franklin.
Wauwatosa, WI has a cost of living index of 110, 1.0x Franklin.
Brookfield, WI has a cost of living index of 120, 1.1x Franklin.
| City | Population | Cost Of Living | Vs. Franklin |
|---|---|---|---|
| West Allis, WI | 59,612 | 92 | 0.8x |
| Wauwatosa, WI | 48,529 | 110 | 1.0x |
| Brookfield, WI | 41,273 | 120 | 1.1x |
| New Berlin, WI | 40,270 | 111 | 1.0x |
| Menomonee Falls, WI | 39,539 | 111 | 1.0x |
| Greenfield, WI | 37,345 | 100 | 0.9x |
| Oak Creek, WI | 37,325 | 105 | 1.0x |
| Muskego, WI | 25,406 | 116 | 1.1x |
| South Milwaukee, WI | 20,442 | 94 | 0.9x |
| Cudahy, WI | 17,853 | 92 | 0.8x |
