Franklin Park, PA Cost Of Living

Demographics | Cost Of Living
Updated: 2023-11-15

Cost Of Living In Franklin Park, PA Summary

Cost of living in Franklin Park research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Franklin Park is expensive. An index value below 100 means the city is a relatively cheap place to live.

On a city-by-city basis in Pennsylvania, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:

  • The cost of living index in Franklin Park is 119, with 100 being the average.

  • The cost of living index in Franklin Park is 1.2x higher than the national average.

  • Franklin Park ranks as the #220 cheapest in Pennsylvania out of 247.

  • Franklin Park ranks as the #4,736 cheapest out of 6,412 in the US.

  • The median home value in Franklin Park is $393,100.

  • The median income in Franklin Park is $142,850.

Table Of Contents

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
  5. Nearby Comparisons
119
Franklin Park's Overall Cost Of Living
1.2x
Higher Than The National Average

What is the cost of living in Franklin Park, PA?

According to the most recent data on the cost of living, Franklin Park has an overall cost of living index of 119, which is 1.2x higher than the national index of 100.

Compared to Pennsylvania, Franklin Park has a cost of living index that's 1.2x higher than Pennsylvania's index of 97.

The standard of living in Franklin Park ranks as #220 most affordable out of the 247 places we measured in Pennsylvania. By definition, that implies Franklin Park ranks as the #27 most expensive place in the Keystone State.

For more reading on life in Franklin Park, check out:

220 out of 247
In Pennsylvania
4,736 out of 6,412
In America

Franklin Park Cost Of Living Vs. Pennsylvania

Six factors go into calculating the cost of living index in Franklin Park. Here is how it fairs on each of the criteria:

  • The Services index in Franklin Park is 97.

  • The Groceries index in Franklin Park is 107.

  • The Health index in Franklin Park is 97.

  • The Housing index in Franklin Park is 160.

  • The Transportation index in Franklin Park is 116.

  • The Utilities index in Franklin Park is 118.

Living Expense Franklin Park Pennsylvania National Average
Overall 119 97 100
Services 97 99 100
Groceries 107 101 100
Health 97 97 100
Housing 160 85 100
Transportation 116 105 100
Utilities 118 106 100
For more reading on cost of living around Pennsylvania, check out:
Franklin Park Cost of Living Vs. PA

Franklin Park, PA Housing Cost Breakdown

Housing swings affordability the most between places in Pennsylvania, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:

  • The Median Home Value in Franklin Park is $393,100.

  • The Median Rent in Franklin Park is $1,894.

  • The Median Income in Franklin Park is $142,850.

  • The Home Value To Income in Franklin Park is 2.8x.

  • The Rent To Monthly Income in Franklin Park is 0.16x.

Statistic Franklin Park Pennsylvania United States
Median Home Value $393,100 $197,300 $244,900
Median Rent $1,894 $1,013 $1,163
Median Income $142,850 $67,587 $69,021
Home Value To Income 2.8x 2.9x 3.5x
Rent To Monthly Income 0.16x 0.18x 0.2x
Search Homes For Sale In Franklin Park, PA
$393,100
Median Home Value
$1,894
Median Rent
$142,850
Median Income

Franklin Park, PA Costs By Category

Detailed Franklin Park Services Costs Vs. Pennsylvania

Item Franklin Park Pennsylvania
Shampoo $1.16 $1.06
Movie $11.48 $10.68
Bowling $14.04 $14.67
Haircut $19.1 $18.62
Beauty Salon $34.18 $39.05

Detailed Franklin Park Groceries Costs Vs. Pennsylvania

Item Franklin Park Pennsylvania
Ground Beef $4.48 $4.22
Fried Chicken $1.61 $1.39
Milk $2.03 $2.05
Potatoes $4.39 $3.29
Pizza $10.96 $10.62
Beer $9.92 $9.38
Toothpaste $2.19 $2.34

Detailed Franklin Park Health Costs Vs. Pennsylvania

Item Franklin Park Pennsylvania
Optometrist $90.39 $108.57
Doctor $93.55 $116.17
Dentist $102.37 $99.13

Detailed Franklin Park Transportation Costs Vs. Pennsylvania

Item Franklin Park Pennsylvania
Gasoline $2.55 $2.22
Tire Balancing $61.08 $50.07

Detailed Franklin Park Utilities Costs Vs. Pennsylvania

Item Franklin Park Pennsylvania
All Electricity $210.66 $167.67
Phone $190.57 $175.64

Franklin Park SnackAbility

7
/10
Overall SnackAbility
Jobs
8.5/10
Housing
9
Affordability
8.5
Diversity
8
Safety
N/A
Amenities
8
Education
9.5
Commute
5

Cost Of Living In Cities Around Franklin Park

The cost of living varies in the cities and towns around Franklin Park. Here's a quick look at the cost of living in the most populous nearby places:

  • Allison Park, PA has a cost of living index of 108, 0.9x Franklin Park.

  • Whitehall, PA has a cost of living index of 96, 0.8x Franklin Park.

  • Glenshaw, PA has a cost of living index of 101, 0.8x Franklin Park.

City Population Cost Of Living Vs. Franklin Park
Allison Park, PA 23,160 108 0.9x
Whitehall, PA 14,882 96 0.8x
Glenshaw, PA 9,058 101 0.8x
Pleasant Hills, PA 8,454 100 0.8x
Castle Shannon, PA 8,307 95 0.8x
Dormont, PA 8,255 96 0.8x
West View, PA 6,686 97 0.8x
Forest Hills, PA 6,408 96 0.8x
Fox Chapel, PA 5,314 164 1.4x

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