Housing costs in Franklinton?
A typical home costs
$165,300, which is 51.1% less expensive than the national average of
$338,100 and 10.6% less expensive than the average Louisiana home, at
$184,800. Renting a two-bedroom unit in Franklinton costs
$1,150 per month, which is 19.6% cheaper than the national average of
$1,430 and 13.0% more than the state average of
$1,000.
Can I afford Franklinton?
To live comfortably in Franklinton, Louisiana, a minimum annual income of
$31,680 for a family, and
$40,800 for a single person is recommended.
What does A.I. say about Franklinton?
The cost of living in Franklinton, LA is generally lower than the national average. With a median household income of $41,460, families can live comfortably on much less than the average US household. The cost of housing is particularly low in Franklinton, with a median home value coming in at around $73,500. Utilities are also reasonably priced in the town, making it easy to set up basic services without breaking the bank. Food costs are also fairly affordable, with many local grocery stores and farmers’ markets offering quality produce and meats for competitive prices. Finally, taxes are lower than most states, giving residents an extra financial boost each year. All together this makes Franklinton an attractive place to live and work for people on a budget.