Housing costs in Franklin?
A typical home costs
$203,500, which is 39.8% less expensive than the national average of
$338,100 and 4.7% more expensive than the average Kentucky home, at
$194,300. Renting a two-bedroom unit in Franklin costs
$900 per month, which is 37.1% cheaper than the national average of
$1,430 and 2.2% cheaper than the state average of
$920.
Can I afford Franklin?
To live comfortably in Franklin, Kentucky, a minimum annual income of
$38,880 for a family, and
$27,600 for a single person is recommended.
What does A.I. say about Franklin?
Franklin, KY is a great place to live with an affordable cost of living. The median home value in Franklin is around $175,000 which is much lower than the national average of around $200,000. This makes it a great option for people looking to buy a home at a reasonable price. Rent prices are also quite low, ranging from just over $600 per month for a one-bedroom apartment to around $900 per month for two bedrooms. That makes it an attractive option for those looking to rent rather than buy a home. The overall cost of living in Franklin is about 9% cheaper than the national average, so it's definitely worth considering if you’re looking for lower costs.