Cost of Living in Franklin, LA
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
76.4
100 = national avg
-23.6 vs national average
Living Wage (1 Adult)
$33,620
per year
Living Wage (Family of 4)
$79,465
per year
Cost Index by Category
Housing71.4
Food85.4
Transportation70.7
Healthcare88.3
Utilities85.5
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$722
per month
2 Bedroom
$947
per month
The overall cost of living index in Franklin is 76.4, which is 23.6% below the national average. Housing costs are below the national average at an index of 71.4. A single adult needs to earn approximately $33,620 per year to cover basic expenses.