Franklin Park, IL, showcases a cost of living slightly below the nationwide average. Housing and transportation costs stand at 95% and 93% of the national average, respectively. While groceries and healthcare expenses are slightly higher, at 102% and 105% respectively, the overall cost of living index remains at 97%. This presents a favorable environment for those seeking affordability.
Franklin Park, IL, presents a unique cost of living compared to the nationwide average, which is set at 100. Housing costs in Franklin Park are slightly lower, with an index of 95. This means that housing expenses are about 5% less than the national average. Despite this, the cost of groceries slightly exceeds the average, with an index of 102, indicating that food shopping costs about 2% more.
Utilities in Franklin Park also remain close to the national average, with an index of 98, showing a 2% reduction. Transportation costs, however, are about 7% lower than the average, indexed at 93. Healthcare costs are slightly higher, at 105, suggesting a 5% increase. Miscellaneous expenses, with an index of 97, are almost at par with the national average, showing a negligible difference of about 3%. Overall, Franklin Park offers a balanced cost of living with a few areas slightly above or below the national average.