Zip 02038 (Franklin Town, MA) Cost of Living


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Franklin Town cost of living score
143.4
More expensive
43.4% higher
than the US average
12.5% higher
than the Massachusetts average
Franklin Town (zip 02038), Massachusetts gets a BestPlaces Cost of Living score of 143.4, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 43.4% higher than the U.S. average and 12.5% lower than the average for Massachusetts.

Zip 02038 (Franklin Town, MA)

Housing costs in Franklin Town?
A typical home costs $589,400, which is 74.3% more expensive than the national average of $338,100 and 5.8% more expensive than the average Massachusetts home, at $557,300. Renting a two-bedroom unit in Franklin Town costs $2,190 per month, which is 2.3% more than the national average of $2,140 and 10.5% cheaper than the state average of $2,420.

Can I afford Franklin Town?
To live comfortably in Franklin Town (zip 02038), Massachusetts, a minimum annual income of $113,040 for a family, and $72,800 for a single person is recommended.

What does A.I. say about Franklin Town?
Living in 02038 Franklin Town, MA can be quite expensive. The cost of living index is 157.4, which is 57.4% higher than the national average. Housing costs are particularly high, with a median home value of $722,800 and median rent costs of $2,151 per month. Additionally, transportation costs are above average as well, with an average commute time of 34 minutes and a mean travel cost of $913 annually. All in all, living in 02038 Franklin Town, MA can be costly but offers plenty of amenities to its residents.
   Cost of living score
     CategoriesFranklin TownMassachusettsUnited States
  143.4127.5100.0
  108.7108.9100
  89.690.2100.0
  186.0175.0100.0
  $589,400$557,300$338,100
  115.3%112.9%100.0%
  129.7107.9100.0
  166.9147.9100.0

   100=National Average

   Average Rent by Bedroom Size
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