Housing costs in Franklin?
A typical home costs
$114,200, which is 66.2% less expensive than the national average of
$338,100 and 49.9% less expensive than the average Nebraska home, at
$228,100. Renting a two-bedroom unit in Franklin costs
$800 per month, which is 44.1% cheaper than the national average of
$1,430 and 21.3% cheaper than the state average of
$970.
Can I afford Franklin?
To live comfortably in Franklin, Nebraska, a minimum annual income of
$21,960 for a family, and
$24,400 for a single person is recommended.
What does A.I. say about Franklin?
The cost of living in Franklin, NE is very reasonable. The median home value is around $105,000 and the median rent price is just over $500 per month. In addition to this, utilities are relatively affordable at around $150 per month for a family of four and prices at local supermarkets are on par with national averages. Additionally, the unemployment rate in the town is fairly low at 2.5%. All of these factors make Franklin a great place to live for those looking for an affordable cost of living.