Cost of Living in Franklin, VA
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 | 65 | -35% | $697 |
| Transportation | 102 | +2% | $3.50 |
| Food | 87 | -13% | $357 |
| Utilities | 83 | -17% | $117 |
| Healthcare | 83 | -17% | $85 |
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, VA needs approximately $28,350 / year after taxes.
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Frequently Asked Questions
What is the cost of living in Franklin, VA?
The overall cost of living in Franklin, VA is 19% lower than the US national average (index: 81 where 100 = national average).
How much is rent in Franklin, VA?
Average rent for a 1-bedroom apartment in Franklin, VA is about $697/month.
Is Franklin, VA expensive to live in?
No, Franklin, VA is affordable (below national average).
What salary do I need to live in Franklin, VA?
A single adult needs roughly $28,350/year to cover basic living costs in Franklin, VA.