Cost of Living in Franklin Square, NY
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
214.2
100 = national avg
+114.2 vs national average
Living Wage (1 Adult)
$94,240
per year
Living Wage (Family of 4)
$222,750
per year
Cost Index by Category
Housing288.5
Food157.0
Transportation171.9
Healthcare145.6
Utilities171.9
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$2,379
per month
2 Bedroom
$2,747
per month
The overall cost of living index in Franklin Square is 214.2, which is 114.2% above the national average. Housing costs are above the national average at an index of 288.5. A single adult needs to earn approximately $94,240 per year to cover basic expenses.