Cost of Living in Franklin, MD
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
38.2
100 = national avg
-61.8 vs national average
Living Wage (1 Adult)
$16,820
per year
Living Wage (Family of 4)
$39,757
per year
Cost Index by Category
Housing26.2
Food61.3
Transportation22.5
Healthcare69.0
Utilities62.0
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$823
per month
2 Bedroom
$973
per month
The overall cost of living index in Franklin is 38.2, which is 61.8% below the national average. Housing costs are below the national average at an index of 26.2. A single adult needs to earn approximately $16,820 per year to cover basic expenses.