Cost of Living in Franklin, TN
Overall index: 153 (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 | 186 | +86% | $1,303 |
| Transportation | 98 | -2% | $3.50 |
| Food | 154 | +54% | $631 |
| Utilities | 143 | +43% | $335 |
| Healthcare | 143 | +43% | $242 |
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, TN needs approximately $53,550 / year after taxes.
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Frequently Asked Questions
What is the cost of living in Franklin, TN?
The overall cost of living in Franklin, TN is 53% higher than the US national average (index: 153 where 100 = national average).
How much is rent in Franklin, TN?
Average rent for a 1-bedroom apartment in Franklin, TN is about $1,303/month.
Is Franklin, TN expensive to live in?
Yes, Franklin, TN is considered expensive (index above national average).
What salary do I need to live in Franklin, TN?
A single adult needs roughly $53,550/year to cover basic living costs in Franklin, TN.