Housing costs in Franklin?
A typical home costs
$107,900, which is 68.1% less expensive than the national average of
$338,100 and 55.4% less expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Franklin costs
$910 per month, which is 36.4% cheaper than the national average of
$1,430 and 38.5% cheaper than the state average of
$1,260.
Can I afford Franklin?
To live comfortably in Franklin, Illinois, a minimum annual income of
$20,520 for a family, and
$27,600 for a single person is recommended.
What does A.I. say about Franklin?
Living in Franklin, IL is quite affordable. The median home value is $103,500 and the median household income is around $46,124 per year. While rent prices have been steadily increasing over the past few years, they remain low when compared to other towns and cities in Illinois. Groceries and basic necessities are also relatively inexpensive in this town. In addition to that, utilities such as electricity, water and sewage are all very reasonably priced for households across all income brackets. All of this makes Franklin an attractive place to call home for those who want to live comfortably on a smaller budget.