Franklin, NC, offers a cost of living that is notably lower than the nationwide average. The overall cost of living index for Franklin stands at 90, which is 10% below the national benchmark of 100. This lower index reflects savings in various areas, including housing, utilities, and miscellaneous expenses.
Specifically, housing costs in Franklin are 19% below the national average, while utilities are just 3% above the average. Groceries, transportation, healthcare, and miscellaneous costs also remain close to or slightly below the national average, making Franklin an attractive option for those seeking a more affordable lifestyle.
Franklin, North Carolina, offers a cost of living that is notably lower than the nationwide average. The housing index in Franklin stands at 81, which means it costs 19% less than the average cost of housing across the country. This makes housing in Franklin a more affordable option for many people. Additionally, groceries in Franklin are priced at 95, which is 5% less than the national average. This slight difference can add up over time, making everyday expenses more manageable.
Utilities in Franklin are priced at 97, which is just 3% above the national average. This indicates that the cost of maintaining a home in terms of electricity, water, and other utilities is nearly on par with the rest of the country. Transportation costs in Franklin are at 90, which is 10% below the national average. This can be a significant advantage for those who rely on personal vehicles. Healthcare costs in Franklin are at 92, which is 8% below the national average, offering some relief for those concerned about medical expenses. Lastly, miscellaneous costs in Franklin are at 88, which is 12% below the national average. This includes items like entertainment, clothing, and personal care, making Franklin an attractive place for those looking to reduce their overall living expenses.
