Housing costs in Franklin?
A typical home costs
$302,700, which is 10.5% less expensive than the national average of
$338,100 and 28.2% less expensive than the average New Hampshire home, at
$421,300. Renting a two-bedroom unit in Franklin costs
$1,380 per month, which is 3.5% cheaper than the national average of
$1,430 and 10.1% cheaper than the state average of
$1,520.
Can I afford Franklin?
To live comfortably in Franklin, New Hampshire, a minimum annual income of
$57,960 for a family, and
$42,000 for a single person is recommended.
What does A.I. say about Franklin?
The cost of living in Franklin, NH is relatively low compared to other areas in the state. According to data from BestPlaces, the cost of living index in Franklin is 80.6, which is around 5% lower than the national average and 13% lower than the New Hampshire average. Housing prices are also quite affordable, with a median home price of $181,700 as of 2020. The overall cost of goods and services is slightly higher than the national average, but this can be attributed to its close proximity to larger cities such as Boston, where prices tend to be higher. Overall, however, living in Franklin is an affordable option for those looking for a small-town lifestyle with close access to big city amenities.