Housing costs in Franklin?
A typical home costs
$244,800, which is 27.6% less expensive than the national average of
$338,100 and 10.5% more expensive than the average Indiana home, at
$221,600. Renting a two-bedroom unit in Franklin costs
$1,010 per month, which is 3.1% more than the national average of
$980 and 4.0% cheaper than the state average of
$1,050.
Can I afford Franklin?
To live comfortably in Franklin (zip 46131), Indiana, a minimum annual income of
$46,800 for a family, and
$34,000 for a single person is recommended.
What does A.I. say about Franklin?
The cost of living in 46131 Franklin, IN is relatively low when compared to other areas of the state. According to Best Places, the cost of living index in Franklin is 88.6, which is 11.4 points below the national average. This lower cost of living can be attributed to affordable housing costs and low prices for essential goods and services. The median home price in Franklin is $118,200, which is significantly less than many other parts of the state. Additionally, groceries, healthcare, transportation, and utilities all tend to be cheaper in comparison to other locations throughout Indiana.