Cost of Living in Franklin, AL
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
98.1
100 = national avg
-1.9 vs national average
Living Wage (1 Adult)
$43,177
per year
Living Wage (Family of 4)
$102,055
per year
Cost Index by Category
Housing61.7
Food113.8
Transportation127.6
Healthcare111.0
Utilities100.6
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$758
per month
2 Bedroom
$995
per month
The overall cost of living index in Franklin is 98.1, which is 1.9% below the national average. Housing costs are below the national average at an index of 61.7. A single adult needs to earn approximately $43,177 per year to cover basic expenses.