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.
|Living Expense||Franklin||Louisiana||National Average|
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.
|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|