Cost of Living in Franklin, AR
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
70.1
100 = national avg
-29.9 vs national average
Living Wage (1 Adult)
$30,824
per year
Living Wage (Family of 4)
$72,857
per year
Cost Index by Category
Housing39.1
Food91.7
Transportation83.3
Healthcare93.3
Utilities82.8
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$715
per month
2 Bedroom
$880
per month
The overall cost of living index in Franklin is 70.1, which is 29.9% below the national average. Housing costs are below the national average at an index of 39.1. A single adult needs to earn approximately $30,824 per year to cover basic expenses.