Franklin Farm, VA Cost Of Living
Cost Of Living In Franklin Farm, VA Summary
Cost of living in Franklin Farm 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 Farm is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Virginia, 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 Farm is 167, with 100 being the average.
The cost of living index in Franklin Farm is 1.7x higher than the national average.
Franklin Farm ranks as the #170 cheapest in Virginia out of 186.
Franklin Farm ranks as the #6,093 cheapest out of 6,412 in the US.
The median home value in Franklin Farm is $657,400.
The median income in Franklin Farm is $193,486.
Table Of Contents
Franklin Farm's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Franklin Farm, VA?
According to the most recent data on the cost of living, Franklin Farm has an overall cost of living index of 167, which is 1.7x higher than the national index of 100.
Compared to Virginia, Franklin Farm has a cost of living index that's 1.6x higher than Virginia's index of 102.
The standard of living in Franklin Farm ranks as #170 most affordable out of the 186 places we measured in Virginia. By definition, that implies Franklin Farm ranks as the #16 most expensive place in the Old Dominion.
For more reading on life in Franklin Farm, check out:
- Living In Franklin Farm
- Search Homes For Sale In Franklin Farm, VA
In Virginia
In America
Franklin Farm Cost Of Living Vs. Virginia
Six factors go into calculating the cost of living index in Franklin Farm. Here is how it fairs on each of the criteria:
The Services index in Franklin Farm is 116.
The Groceries index in Franklin Farm is 112.
The Health index in Franklin Farm is 88.
The Housing index in Franklin Farm is 299.
The Transportation index in Franklin Farm is 117.
The Utilities index in Franklin Farm is 112.
| Living Expense | Franklin Farm | Virginia | National Average | |
|---|---|---|---|---|
| Overall | 167 | 102 | 100 | |
| Services | 116 | 102 | 100 | |
| Groceries | 112 | 98 | 100 | |
| Health | 88 | 102 | 100 | |
| Housing | 299 | 107 | 100 | |
| Transportation | 117 | 95 | 100 | |
| Utilities | 112 | 102 | 100 | |
Franklin Farm, VA Housing Cost Breakdown
Housing swings affordability the most between places in Virginia, 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 Farm is $657,400.
The Median Rent in Franklin Farm is $2,405.
The Median Income in Franklin Farm is $193,486.
The Home Value To Income in Franklin Farm is 3.4x.
The Rent To Monthly Income in Franklin Farm is 0.15x.
| Statistic | Franklin Farm | Virginia | United States |
|---|---|---|---|
| Median Home Value | $657,400 | $295,500 | $244,900 |
| Median Rent | $2,405 | $1,326 | $1,163 |
| Median Income | $193,486 | $80,615 | $69,021 |
| Home Value To Income | 3.4x | 3.7x | 3.5x |
| Rent To Monthly Income | 0.15x | 0.2x | 0.2x |
Median Home Value
Median Rent
Median Income
Franklin Farm, VA Costs By Category
Detailed Franklin Farm Services Costs Vs. Virginia
| Item | Franklin Farm | Virginia |
|---|---|---|
| Shampoo | $1.43 | $1.06 |
| Movie | $12.5 | $10.68 |
| Bowling | $21.25 | $14.67 |
| Haircut | $31.92 | $18.62 |
| Beauty Salon | $63.67 | $39.05 |
Detailed Franklin Farm Groceries Costs Vs. Virginia
| Item | Franklin Farm | Virginia |
|---|---|---|
| Ground Beef | $4.7 | $4.22 |
| Fried Chicken | $1.75 | $1.39 |
| Milk | $2.49 | $2.05 |
| Potatoes | $3.99 | $3.29 |
| Pizza | $11.99 | $10.62 |
| Beer | $10.99 | $9.38 |
| Toothpaste | $2.74 | $2.34 |
Detailed Franklin Farm Health Costs Vs. Virginia
| Item | Franklin Farm | Virginia |
|---|---|---|
| Optometrist | $75.0 | $108.57 |
| Doctor | $97.0 | $116.17 |
| Dentist | $87.0 | $99.13 |
Detailed Franklin Farm Transportation Costs Vs. Virginia
| Item | Franklin Farm | Virginia |
|---|---|---|
| Gasoline | $2.44 | $2.22 |
| Tire Balancing | $62.0 | $50.07 |
Detailed Franklin Farm Utilities Costs Vs. Virginia
| Item | Franklin Farm | Virginia |
|---|---|---|
| All Electricity | $193.98 | $167.67 |
| Phone | $190.63 | $175.64 |
Franklin Farm SnackAbility
/10
Cost Of Living In Cities Around Franklin Farm
The cost of living varies in the cities and towns around Franklin Farm. Here's a quick look at the cost of living in the most populous nearby places:
Rockville, MD has a cost of living index of 154, 0.9x Franklin Farm.
Bethesda, MD has a cost of living index of 192, 1.1x Franklin Farm.
Reston, VA has a cost of living index of 149, 0.9x Franklin Farm.
| City | Population | Cost Of Living | Vs. Franklin Farm |
|---|---|---|---|
| Rockville, MD | 67,095 | 154 | 0.9x |
| Bethesda, MD | 66,294 | 192 | 1.1x |
| Reston, VA | 62,453 | 149 | 0.9x |
| Oakton, VA | 36,675 | 163 | 1.0x |
| Fair Oaks, VA | 34,437 | 147 | 0.9x |
| Herndon, VA | 24,574 | 140 | 0.8x |
| North Potomac, MD | 24,449 | 167 | 1.0x |
| Chantilly, VA | 23,564 | 148 | 0.9x |
| McNair, VA | 20,980 | 142 | 0.9x |
| Lowes Island, VA | 11,272 | 163 | 1.0x |
