Cost of Living in Franklin, NE
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
72.5
100 = national avg
-27.5 vs national average
Living Wage (1 Adult)
$31,889
per year
Living Wage (Family of 4)
$75,374
per year
Cost Index by Category
Housing51.9
Food89.1
Transportation78.1
Healthcare91.3
Utilities83.8
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$732
per month
2 Bedroom
$961
per month
The overall cost of living index in Franklin is 72.5, which is 27.5% below the national average. Housing costs are below the national average at an index of 51.9. A single adult needs to earn approximately $31,889 per year to cover basic expenses.