Housing costs in Franklin Park?
A typical home costs
$299,500, which is 11.4% less expensive than the national average of
$338,100 and 17.4% less expensive than the average Florida home, at
$362,400. Renting a two-bedroom unit in Franklin Park costs
$1,350 per month, which is 5.6% cheaper than the national average of
$1,430 and 15.6% cheaper than the state average of
$1,560.
Can I afford Franklin Park?
To live comfortably in Franklin Park, Florida, a minimum annual income of
$57,240 for a family, and
$43,200 for a single person is recommended.
What does A.I. say about Franklin Park?
The cost of living in Franklin Park, FL is relatively low compared to other parts of the state and nation. The median home price is $105,000, which is much lower than the national average. The overall cost of living index is 92, meaning it's 8% lower than the U.S. average. This makes it very attractive for those looking to settle down in a more affordable area without sacrificing quality of life. Renters can also benefit from the low costs, since rents are lower than average as well. Groceries, utilities, transportation and miscellaneous expenses are all below the national averages, making Franklin Park an excellent place to save on expenses while still having access to everything one would need on a day-to-day basis.