Housing costs in Franklin?
A typical home costs
$258,900, which is 23.4% less expensive than the national average of
$338,100 and 10.5% less expensive than the average North Carolina home, at
$289,300. Renting a two-bedroom unit in Franklin costs
$860 per month, which is 39.9% cheaper than the national average of
$1,430 and 29.1% cheaper than the state average of
$1,110.
Can I afford Franklin?
To live comfortably in Franklin, North Carolina, a minimum annual income of
$49,680 for a family, and
$30,400 for a single person is recommended.
What does A.I. say about Franklin?
The cost of living in Franklin, NC is generally considered to be more affordable than the national average. Monthly costs such as rent, groceries, and utilities are all lower than the U.S. average, making it a great option for those who want to live within their means or even save money. There are also plenty of job opportunities available in the area, which can help offset some of the cost of living expenses. In addition, there are numerous recreational activities and attractions that are affordable or free, making this an ideal location for families or those looking for a laid-back lifestyle on a budget.