Franklinton, NC, has a lower overall cost of living compared to the nationwide average, which stands at 100. The cost of living index in Franklinton is 93, indicating that residents can expect to spend about 7% less on average compared to the national average. Housing stands at 85, which is significantly lower, while other categories such as groceries and utilities are just slightly below the national index, contributing to this overall savings.
Franklinton, NC, presents a cost of living index that compares favorably with the nationwide average. Housing costs in Franklinton are 15% lower than the national average, providing a more affordable option for those considering a move. With the housing index at 85, residents can expect to pay less for rent or mortgage payments compared to the standard.
Additionally, groceries in Franklinton stand at 95, showing a minor increase of 5% over the national average. Utilities follow closely, with an index of 90, meaning costs are 10% below the average. Transportation costs are slightly higher at 95, which is 5% above average. Healthcare costs match the national average with an index of 100, indicating no significant changes in this category. Miscellaneous expenses are 8% below the national average, with an index of 92, making them more manageable for residents.
