Cost of Living in Franklin, OH
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
95.6
100 = national avg
-4.4 vs national average
Living Wage (1 Adult)
$42,082
per year
Living Wage (Family of 4)
$99,466
per year
Cost Index by Category
Housing101.6
Food94.4
Transportation88.9
Healthcare95.5
Utilities97.0
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,051
per month
2 Bedroom
$1,353
per month
The overall cost of living index in Franklin is 95.6, which is 4.4% below the national average. Housing costs are above the national average at an index of 101.6. A single adult needs to earn approximately $42,082 per year to cover basic expenses.