Franklin, KY, has a lower cost of living compared to the nationwide average, with an overall cost of living index of 91. This places it 9% below the average of 100. The housing index at 85 suggests significant savings for those looking to buy or rent homes in Franklin. Groceries and healthcare, however, are slightly above the average, indicating a mix of savings and higher expenses in these areas.
Franklin, Kentucky, offers a cost of living that is noticeably lower than the nationwide average, which is set at 100. The city's housing costs are 15% lower than the national average, with an index of 85. This makes housing a more affordable option for residents and newcomers alike. Additionally, groceries in Franklin come at a 2% higher rate than the average, with an index of 92, still presenting good value compared to many other places.
In Franklin, utilities cost 5% more than the national average, with an index of 95. Transportation costs are 10% lower than the average, with an index of 90. This means residents can save on fuel and public transit expenses. Healthcare costs are slightly higher, at 97, which is a 7% increase over the average. Miscellaneous expenses also show a modest increase, with an index of 88, indicating an 8% higher cost compared to the nationwide average. Overall, Franklin provides a cost of living that remains quite favorable to the national standard.
