Cost of Living in Franklin, KY
Overall index: 71 (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 | 49 | -51% | $724 |
| Transportation | 104 | +4% | $3.50 |
| Food | 74 | -26% | $303 |
| Utilities | 75 | -25% | $88 |
| Healthcare | 75 | -25% | $64 |
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, KY needs approximately $24,850 / year after taxes.
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Frequently Asked Questions
What is the cost of living in Franklin, KY?
The overall cost of living in Franklin, KY is 29% lower than the US national average (index: 71 where 100 = national average).
How much is rent in Franklin, KY?
Average rent for a 1-bedroom apartment in Franklin, KY is about $724/month.
Is Franklin, KY expensive to live in?
No, Franklin, KY is affordable (below national average).
What salary do I need to live in Franklin, KY?
A single adult needs roughly $24,850/year to cover basic living costs in Franklin, KY.