Cost of Living in Franklin, NC
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
79.4
100 = national avg
-20.6 vs national average
Living Wage (1 Adult)
$34,931
per year
Living Wage (Family of 4)
$82,564
per year
Cost Index by Category
Housing83.7
Food83.6
Transportation67.2
Healthcare86.9
Utilities86.9
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$830
per month
2 Bedroom
$987
per month
The overall cost of living index in Franklin is 79.4, which is 20.6% below the national average. Housing costs are below the national average at an index of 83.7. A single adult needs to earn approximately $34,931 per year to cover basic expenses.