Franklin, OH, boasts a cost of living index slightly below the nationwide average of 100. Housing costs, for example, are 15% lower than the national average, making this city a more affordable option for job seekers looking to save on rent or mortgage expenses. Overall, the cost of living in Franklin is 91, which is 9% below the national average, offering a chance for residents to stretch their dollars further in various essential categories.
Franklin, OH, shows a cost of living index that compares favorably against the nationwide average. The index reveals that housing costs in Franklin are 85, which means residents can expect to pay 15% less than the national average. This reduced housing expense can provide significant savings for those relocating or considering long-term stays.
Other aspects of living costs in Franklin also compare positively. Groceries, for example, stand at 95 on the index, only 5% higher than the national average. Utilities follow closely at 90, which indicates a 10% lower cost compared to the nation. Transportation costs are slightly above average at 98, representing an 8% increase. Healthcare costs, an essential consideration, are at 92, showing a 8% rise, while miscellaneous expenses are at 88, meaning residents can save 12% here. Together, these factors present Franklin as a place where living expenses remain competitively low.
