Housing costs in Franklin?
A typical home costs
$199,300, which is 41.1% less expensive than the national average of
$338,100 and 2.6% more expensive than the average Kentucky home, at
$194,300. Renting a two-bedroom unit in Franklin costs
$890 per month, which is 37.8% cheaper than the national average of
$1,430 and 3.4% cheaper than the state average of
$920.
Can I afford Franklin?
To live comfortably in Franklin (zip 42134), Kentucky, a minimum annual income of
$38,160 for a family, and
$26,800 for a single person is recommended.
What does A.I. say about Franklin?
The cost of living in Franklin, KY 42134 is relatively affordable compared to other parts of the US. According to BestPlaces, the cost of living index in Franklin is 76.75, which is lower than the national average. This makes it a great place to live for those on a budget or looking to save money. Prices for things like groceries and transportation are quite reasonable, and housing prices are quite low when compared with larger cities across the country. Additionally, there are no state income taxes in Kentucky making it even more attractive for budget-minded individuals.