Franklin, VA, features a cost of living index that is slightly below the nationwide average of 100. The housing costs there stand at 85, meaning residents save 15% compared to the national average. Groceries, utilities, transportation, healthcare, and miscellaneous costs also remain favorable, ranging from 85 to 95, showing that Franklin offers a cost-effective living environment.
Franklin, VA, has a cost of living index that is slightly lower than the nationwide average, which is set at 100. Housing costs in Franklin, at 85, show that residents spend 15% less than the national average on housing. This makes living expenses more affordable for those who are looking for homes in the area.
In terms of groceries, Franklin also offers some savings, with an index of 90, meaning that grocery costs are 10% lower than the nationwide average. Utilities, however, are slightly higher, with an index of 95, indicating a 5% increase compared to the national average. Transportation costs in Franklin stand at 90, matching the national average, which means that the cost to get around the city does not significantly differ from other parts of the country. Healthcare costs in Franklin are at 85, suggesting that residents save 15% on these expenses compared to the average American. Miscellaneous costs, such as entertainment and personal care, have an index of 88, meaning a 12% savings. Overall, Franklin provides a cost of living that is competitive with the national average, offering residents some savings in key areas.
