Franklin, NH, has a lower overall cost of living compared to the nationwide average. The cost of living index for Franklin stands at 93, which is 7% below the national average of 100. Housing costs in Franklin are notably lower, with an index of 85, while utilities are slightly higher at 110. Groceries, transportation, healthcare, and miscellaneous expenses are all close to the national average, making Franklin an attractive option for those seeking a more affordable lifestyle.
Franklin, NH, presents a cost of living index that varies across different categories when compared to the nationwide average, which is set at 100. Housing costs in Franklin are notably lower, with an index of 85. This means that housing expenses in Franklin are 15% less than the national average. For job seekers, this could be a significant advantage, offering more affordable living options.
In other areas, the cost of living in Franklin remains relatively close to the national average. Groceries, for instance, have an index of 95, indicating only a 5% increase over the national average. Utilities, however, are slightly higher, with an index of 110, meaning they cost 10% more. Transportation costs also mirror the national average closely, with an index of 90, which is just 10% lower. Healthcare costs in Franklin are exactly in line with the national average, with an index of 100. Miscellaneous expenses, with an index of 92, are 8% below the national average. This mix of costs provides a balanced view for those considering a move to Franklin, NH.
