The cost of living in Franklin, OH, is slightly below the nationwide average. The housing index stands at 87, groceries at 95, utilities at 90, transportation at 93, healthcare at 88, and miscellaneous expenses at 92. This means most expenses are close to or just below the national average of 100, offering potential savings for job seekers. Franklin’s lower housing index makes it particularly attractive for those looking to save on one of the largest monthly expenses. The overall cost of living remains favorable, with utilities and miscellaneous costs also below the national average, ensuring a budget-friendly lifestyle.
Franklin, Ohio, showcases a cost of living that is notably lower than the nationwide average. Specifically, the cost of living index for housing stands at 87, meaning that housing expenses are 13% below the national average. This makes Franklin an attractive option for those seeking affordable living arrangements. Additionally, the grocery costs in Franklin are slightly below the national average, with an index of 95, reflecting a 5% decrease in what residents spend on food and household supplies.
Utilities and transportation in Franklin also remain competitive. The utility index is at 90, representing a 10% reduction in costs compared to the national average. Similarly, the transportation index stands at 93, indicating a 7% lower expenditure on transportation-related expenses. Healthcare costs are slightly lower than the national average, with an index of 88, reflecting a 12% savings on medical services. Furthermore, miscellaneous expenses, which include items such as entertainment and personal care, have an index of 92, showing a modest 8% reduction. Overall, Franklin presents a favorable cost of living for various aspects compared to the nationwide average.
