Cost of Living in Franklin, IN
Overall index: 81 (100 = US national average). Data source: US Census ACS 2023 & BLS OEWS 2025, 2025.
Overall Cost of Living Index
Cost Breakdown by Category
| Category | Index | vs US avg | Sample cost |
|---|---|---|---|
| Housing | 61 | -39% | $789 |
| Transportation | 100 | +0% | $3.50 |
| Food | 104 | +4% | $426 |
| Utilities | 81 | -19% | $110 |
| Healthcare | 81 | -19% | $79 |
Index 100 = US national average. Higher = more expensive.
Cost breakdown (visual)
Salary Calculator: What do you need to earn in Franklin?
A single adult living comfortably in Franklin, IN needs approximately $28,350 / year after taxes.
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Frequently Asked Questions
What is the cost of living in Franklin, IN?
The overall cost of living in Franklin, IN is 19% lower than the US national average (index: 81 where 100 = national average).
How much is rent in Franklin, IN?
Average rent for a 1-bedroom apartment in Franklin, IN is about $789/month.
Is Franklin, IN expensive to live in?
No, Franklin, IN is affordable (below national average).
What salary do I need to live in Franklin, IN?
A single adult needs roughly $28,350/year to cover basic living costs in Franklin, IN.