Franklin, NC, exhibits a cost of living that is noticeably lower than the nationwide average of 100. Specifically, the cost of living index for Franklin is at 88, showing an overall decrease of 12% compared to the average. This trend is evident across various categories such as housing, groceries, and utilities, which are priced at 80, 90, and 95, respectively. This means residents of Franklin can expect to spend less on living expenses, making it a more affordable option for those considering relocation.
Franklin, NC presents a favorable cost of living for prospective job seekers and residents, with several indices below the nationwide average of 100. Housing costs in Franklin are notably lower, with an index of 80. This means that housing expenses here are 20% less than the average American city. This affordability can be a significant draw for those looking to reduce their living expenses while maintaining a good quality of life.
Additionally, other essential costs such as groceries and utilities are close to the national average, with indices of 90 and 95, respectively. This indicates that daily living expenses for food and utilities are just slightly lower or comparable to the national norm. Healthcare costs also mirror this trend, with an index of 92, slightly below average but still reasonable. Residents can expect to spend about 8% less on healthcare than the national average. The miscellaneous costs, including entertainment and personal care, have an index of 88, suggesting these costs are 12% lower than the national average. Overall, Franklin offers a cost-effective living environment with multiple indices below the nationwide average, making it an attractive option for budget-conscious individuals and families.
