Franklin, NH, boasts a cost of living index that is 92% of the nationwide average. This means that residents can expect to spend slightly less on most goods and services compared to the national average. Specifically, housing costs are about 15% below the national average, making it more affordable for those looking to settle in this area. Other categories such as groceries and utilities are also relatively lower, enhancing Franklin's appeal for budget-conscious individuals.
Franklin, New Hampshire, offers a cost of living index that is notably below the nationwide average, which is set at 100. The housing index stands at 85, meaning residents can expect to pay 15% less than the average American household for housing costs. This decrease can significantly benefit job seekers looking to relocate, as lower housing expenses can leave more disposable income for other needs.
Moreover, other essential expenses in Franklin also compare favorably to the national average. For instance, groceries have an index of 95, indicating a slight increase of 5% compared to the national average. Utilities in Franklin, with an index of 90, are 10% cheaper on average, and transportation at 88 is 12% less. Even healthcare, with an index of 98, is nearly on par with the national average, showing only a 2% increase. This overall pattern of lower or comparable costs can make Franklin an attractive location for those seeking a balanced and affordable lifestyle.
