The cost of living in Franklin, VA, stands at 88% of the nationwide average, reflecting a generally lower expense for residents. Housing costs are notably lower at 78% of the national average, while utilities and healthcare hover around 85% and 92%, respectively. Groceries, transportation, and miscellaneous expenses also remain close to the national average, indicating a balanced living cost in Franklin compared to other areas.
Franklin, VA, offers a cost of living that is notably lower than the nationwide average, providing a smart choice for those seeking affordability. The city's housing index stands at 78, indicating that housing costs in Franklin are 22% less than the national average. This reduction can significantly ease the financial burden for residents, making it easier to allocate resources to other needs. Furthermore, groceries cost 90% of the national average, indicating a relatively modest increase, while utilities and healthcare also remain competitive at 85% and 92%, respectively.
Transportation costs in Franklin, VA, slightly exceed the national average at 96%, but this is still relatively minor. Miscellaneous expenses stand at 88%, which is also close to the national average. Overall, Franklin presents a cost-effective living environment for those considering relocation, balancing affordability with essential services.
