Housing costs in Franklin?
A typical home costs
$288,700, which is 14.6% less expensive than the national average of
$338,100 and 16.2% less expensive than the average Vermont home, at
$344,600. Renting a two-bedroom unit in Franklin costs
$1,390 per month, which is 2.8% cheaper than the national average of
$1,430 and 7.2% more than the state average of
$1,290.
Can I afford Franklin?
To live comfortably in Franklin (zip 05457), Vermont, a minimum annual income of
$55,440 for a family, and
$42,800 for a single person is recommended.
What does A.I. say about Franklin?
The cost of living in 05457 Franklin, VT is considerably lower than the national average. According to Best Places, the cost of living index for the area is 94.4, while the national average is 100. Housing costs are particularly low in Franklin, with an average estimated home value being $159,450 as compared to the national median price of $217,600. In addition, housing-related costs such as taxes and insurance are also low relative to other places in the US. Food and transportation expenses are also relatively inexpensive when compared to other parts of the country. Overall, living in 05457 Franklin, VT provides a great quality of life at an affordable price.