Housing costs in Franklin?
A typical home costs
$90,900, which is 73.1% less expensive than the national average of
$338,100 and 76.6% less expensive than the average Maryland home, at
$388,100. Renting a two-bedroom unit in Franklin costs
$810 per month, which is 43.4% cheaper than the national average of
$1,430 and 100.0% cheaper than the state average of
$1,620.
Can I afford Franklin?
To live comfortably in Franklin, Maryland, a minimum annual income of
$17,280 for a family, and
$26,000 for a single person is recommended.
What does A.I. say about Franklin?
The cost of living in Franklin, MD is relatively affordable compared to the national average. The median home value in Franklin is estimated to be around $175,000 which is lower than the Maryland median of $300,000. The median household income in the city is also slightly lower than the state average at around $79,146. Despite being a smaller town with fewer amenities than larger cities, Franklin offers competitive prices on groceries, healthcare, and transportation costs due to its close proximity to Washington DC. Overall, individuals and families looking for an affordable place to live can find it in Franklin.