Franklin, VA, offers a cost of living that is slightly below the nationwide average. The overall cost of living index for Franklin stands at 90, which is 10% lower than the national average of 100. This makes housing, groceries, utilities, transportation, healthcare, and miscellaneous expenses more affordable for residents and job seekers in Franklin compared to the rest of the country.
Franklin, VA, presents a cost of living that is notably lower than the nationwide average. The housing index in Franklin stands at 85, which is 15% less than the average cost of living index of 100. This means that housing expenses in Franklin are more affordable compared to the rest of the country. Additionally, groceries in Franklin are priced at 90, which is 10% below the national average. This indicates that residents can expect to spend less on food items.
Utilities in Franklin are slightly above the national average, with an index of 95, representing a 5% increase. Transportation costs are also close to the average, with an index of 92, which is 8% less than the national average. Healthcare costs in Franklin are at 88, which is 12% below the average, making it a more affordable option for residents. Miscellaneous expenses, like entertainment and personal care, are at 89, which is 11% below the average. Overall, Franklin offers a cost of living that is generally lower than the national average, making it an attractive option for those looking to manage their expenses effectively.
