Franklin, NH, has a higher cost of living than the nationwide average. The housing index shows a 20% increase, while groceries are 5% higher. Utilities, transportation, healthcare, and miscellaneous expenses are slightly below the national average.
The housing index in Franklin stands at 120, indicating a 20% increase over the national average of 100. Groceries follow closely with a 5% rise, totaling 105. Utilities, transportation, healthcare, and miscellaneous costs are all just below the national average, with percentages ranging from 95 to 98.
Franklin, NH, presents a unique cost of living scenario for potential residents. The housing index stands at 120, which is 20% higher than the nationwide average. This elevated index suggests that housing costs in Franklin are noticeably more than the average across the country. People considering a move may need to budget more for rent or mortgage payments to accommodate this increase.
In other areas, however, Franklin shows more balanced costs. Groceries cost 105% of the national average, meaning they are 5% higher. Transportation costs also reflect a 10% increase, with an index of 110. Utilities in Franklin are slightly lower, at 95%, which is 5% less than the national average. Healthcare costs align perfectly with the national average, with an index of 100. Miscellaneous expenses are also slightly below average, at 98%, indicating a 2% decrease. This mix of higher and lower costs provides a diverse picture for anyone evaluating the affordability of life in Franklin.
