Cost of Living in Franklin, WI
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
150.2
100 = national avg
+50.2 vs national average
Living Wage (1 Adult)
$66,070
per year
Living Wage (Family of 4)
$156,165
per year
Cost Index by Category
Housing174.3
Food132.8
Transportation122.2
Healthcare126.2
Utilities134.5
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,119
per month
2 Bedroom
$1,338
per month
The overall cost of living index in Franklin is 150.2, which is 50.2% above the national average. Housing costs are above the national average at an index of 174.3. A single adult needs to earn approximately $66,070 per year to cover basic expenses.