Franklin, LA Cost Of Living

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Updated: 2020-03-08
Franklin's Overall Cost Of Living
Lower Than The National Average
The cost of living index is set to 100 for the average place in America. An index above 100 means Franklin is expensive, while a number below 100 means it's a relatively cheap place to live.

What is the cost of living in Franklin, LA?

According to the most recent data on the cost of living, Franklin has an overall cost of living index of 85 which is 0.8x lower than the national index of 100.

Compared to only Louisiana, Franklin has a cost of living index that's 0.9x lower than Louisiana's index of 92.

The standard of living in Franklin ranks as #795 most affordable out of the 6522 places we measured in Louisiana. By definition, that implies Franklin ranks as the #5611 most expensive place in the Pelican State.

For more reading on life in Franklin, check out:

Franklin Cost Of Living Vs. Louisiana

Living Expense Franklin Louisiana National Average
Overall 85 92 100
Services 103 96 100
Groceries 98 98 100
Health 100 98 100
Housing 48 81 100
Transportation 107 99 100
Utilities 95 88 100
For more reading on cost of living around Louisiana, check out:
Franklin Cost of Living Vs. LA

Franklin, LA Housing Cost Breakdown

Housing swings affordability the most between places in Louisiana, so we broke down the statistics around housing costs into more detail. It's also important to consider median household incomes to make apples-to-apples comparisons across locations.

Home and income come data comes from the most recent US Census ACS 2014-2018.

Median Home Value
Median Rent
Median Income
Statistic Franklin Louisiana United States
Median Home Value $78,000 $157,800 $204,900
Median Rent $756 $850 $1,023
Median Income $35,852 $47,942 $60,293
Home Value To Income 2.2x 3.3x 3.4x
Rent To Monthly Income 0.25x 0.21x 0.2x

Franklin SnackAbility

Overall SnackAbility

Cost Of Living In Cities Around Franklin

City Population Cost Of Living Vs. Franklin
Lafayette, LA 126,515 95 1.1x
Prairieville, LA 31,721 106 1.2x
New Iberia, LA 29,992 86 1.0x
Abbeville, LA 12,286 82 1.0x
Gardere, LA 10,841 96 1.1x
Gonzales, LA 10,677 97 1.1x
Donaldsonville, LA 8,090 88 1.0x
Plaquemine, LA 6,726 91 1.1x
St. Martinville, LA 6,014 81 1.0x
Patterson, LA 6,012 90 1.1x

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