Franklinton, NC, offers a lower cost of living compared to the nationwide average. The overall cost of living index in Franklinton stands at 91, which is 9% below the national average of 100. This makes housing, groceries, utilities, transportation, healthcare, and miscellaneous expenses more affordable for residents and job seekers in the area.
Specifically, housing costs in Franklinton are 17% lower than the national average, while groceries and utilities are slightly above average. Transportation and healthcare costs are also slightly lower, and miscellaneous expenses are just 2% below the national average. This combination of costs makes Franklinton an attractive option for those looking to manage their expenses effectively.
Franklinton, NC, offers a cost of living that is notably lower than the nationwide average. The cost of living index in Franklinton stands at 89, which is 11% below the national average of 100. This lower cost of living is particularly evident in housing, where the index is 83, reflecting a 17% reduction compared to the national average. Job seekers will find that housing expenses in Franklinton are more affordable, making it easier to manage living costs.
In addition to housing, other areas of the cost of living in Franklinton also show savings. For instance, groceries have an index of 95, which is 5% below the national average. Utilities are slightly above average at 97, but still represent a minor increase of 3%. Transportation costs are at 93, which is 7% lower than the national average. Healthcare, with an index of 88, and miscellaneous expenses at 92, both show a modest decrease of 12% and 8%, respectively. These figures indicate that Franklinton provides a more budget-friendly environment for residents, making it an attractive option for those looking to reduce their overall living expenses.
