Housing costs in Franklin?
A typical home costs
$92,100, which is 72.8% less expensive than the national average of
$338,100 and 57.0% less expensive than the average Alabama home, at
$214,000. Renting a two-bedroom unit in Franklin costs
$710 per month, which is 50.3% cheaper than the national average of
$1,430 and 32.4% cheaper than the state average of
$940.
Can I afford Franklin?
To live comfortably in Franklin, Alabama, a minimum annual income of
$17,640 for a family, and
$21,600 for a single person is recommended.
What does A.I. say about Franklin?
The cost of living in Franklin, AL is quite affordable compared to other areas in the country. The median home value in the area is around $117,000, which is well below the national average. Additionally, the average cost of goods and services such as groceries and healthcare are also lower than other locations. The city does have a higher sales tax rate than some neighboring towns but overall it’s still very affordable for those looking to live in this small southern town.