Cost of Living in Franklin, ID
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
112.5
100 = national avg
+12.5 vs national average
Living Wage (1 Adult)
$49,492
per year
Living Wage (Family of 4)
$116,981
per year
Cost Index by Category
Housing135.7
Food99.2
Transportation98.4
Healthcare99.4
Utilities106.7
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$946
per month
2 Bedroom
$1,241
per month
The overall cost of living index in Franklin is 112.5, which is 12.5% above the national average. Housing costs are above the national average at an index of 135.7. A single adult needs to earn approximately $49,492 per year to cover basic expenses.