Franklin County, NC Cost of Living


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How much do I need to live in Franklin, North Carolina?
$5,130 / month
for a family, 5.0% less expensive than the national average A total of $61,560 for the year for a family.
$4,167 / month
for a single person, 12.6% less expensive than the national average A total of $50,000 for the year for a single person.

Franklin cost of living score
91
Less expensive
9.0% lower
than the US average
0.0% lower
than the North Carolina average
Franklin North Carol County, North Carolina gets a BestPlaces Cost of Living score of 91, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 9.0% lower than the U.S. average and 0.0% lower than the average for North Carolina.

Franklin County, NC

Housing costs in Franklin?
A typical home costs $320,600, which is 5.2% less expensive than the national average of $338,100 and 10.8% more expensive than the average North Carolina home, at $289,300. Renting a two-bedroom unit in Franklin costs $1,410 per month, which is 1.4% cheaper than the national average of $1,430 and 21.3% more than the state average of $1,110.

Can I afford Franklin?
To live comfortably in Franklin North Carol County, North Carolina, a minimum annual income of $61,560 for a family, and $50,000 for a single person is recommended.

What does A.I. say about Franklin?
Franklin, NC County is an affordable place to live compared to the US average. The median value of a house in Franklin, NC County is $320,600, which is significantly lower than the US average median value of $338,100. Likewise, the cost of living in Franklin, NC County is 91, 9 points below the national average of 100. This makes Franklin, NC County a great option for those looking for an affordable place to call home without compromising on quality of life.
   Cost of living score
       Higher than 100 is more expensive than the national average.
       Lower than 100 is less expensive.
     CategoriesFranklinNorth CarolinaUnited States
    Unlock91.0100.0
  96.1  Unlock100.0
    Unlock107.2100.0
  85.6  Unlock100.0
    Unlock$289,300$338,100
  103.2  Unlock100.0
    Unlock83.9100.0
  85.8  Unlock100.0

   100=National Average

   Average Rent by Bedroom Size
Crime

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