Cost of Living in Franklin, AZ
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
92.5
100 = national avg
-7.5 vs national average
Living Wage (1 Adult)
$40,715
per year
Living Wage (Family of 4)
$96,236
per year
Cost Index by Category
Housing62.3
Transportation165.8
Utilities88.7
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$970
per month
2 Bedroom
$1,158
per month
The overall cost of living index in Franklin is 92.5, which is 7.5% below the national average. Housing costs are below the national average at an index of 62.3. A single adult needs to earn approximately $40,715 per year to cover basic expenses.