| Index | Franconia | Virginia | National |
| Cost of living | 140 | 111 | 100 |
| Groceries | 101 | 103 | 100 |
| Health care | 101 | 103 | 100 |
| Housing | 229 | 129 | 100 |
| Transportation | 101 | 105 | 100 |
| Utilities | 101 | 104 | 100 |
| Lifestyle & Entertainment | 100 | 103 | 100 |
| Household Items | 103 | 102 | 100 |
| Education & Childcare | 107 | 109 | 100 |
Are you thinking about relocating, but curious about the potential cost of living in Franconia? Is it more expensive or more affordable than average? Based on the most recent report, the cost of living in Franconia stands at 140, making it 40% higher than the national average. The cost of living directly affects the affordability of one's desired lifestyle. Knowing the cost of housing, transportation, groceries and other essentials in the new area allows people to gauge whether they can maintain their preferred standard of living.
If you value affordability in your search for a new place to live, Franconia may not be the most suitable option, as it stands out as one of the priciest areas in the entire United States. Only a small fraction of regions have a cost of living that is more than 20% higher than the national average, and regrettably, Franconia falls into this category, which may not align with your desire for an affordable place to call home.
Housing costs are a very significant part of the Franconia cost of living index and generally encompass a large percentage of take-home income. Unfortunately, in this area, the housing costs for both homes and rentals were 128.8% more than the average city. This includes things like home and rent prices, mortgage rates and insurance.
Is Franconia an affordable place to live? It's a good question and one that you might want to ask when considering any new city, as affordability can play a huge role in the decision making process. The cost of living index (which we covered above), as well as housing costs and income levels play a vital role in determining the affordability of an area. The median home price in Franconia is 138.8% higher than the national average, while the average monthly rent prices are 105.4% higher than average. The affordability of any location can also be influenced by median income levels. Franconia has a median household income of $177,470, which is 118.2% higher than the national average.
Transportation: When public transportation options are limited or non-existent, residents frequently resort to vehicle ownership, which can significantly contribute to the overall cost of living. Monthly financial obligations encompass fuel, insurance, regular maintenance and potentially lease or financing expenses. In Franconia, the transportation index is 1% higher than the national average.
Utilities: As with the prices of anything else, utility costs can exhibit significant variations, contingent on factors like climate, energy source availability, geographic location and state regulations. The expenses associated with electricity, water, heating, and waste disposal can fluctuate, either upward or downward, depending on the particular city or state. In Franconia, the utilities index registers 1% higher than the national average.
Urbanization: Larger, urban hubs brimming with ample amenities and robust employment opportunities often showcase a heightened cost of living. This surge is primarily attributed to the amplified demand for services and increased residential migration, culminating in elevated home prices and elevated rental rates. Conversely, less densely populated rural locales or regions characterized by reduced demand tend to offer a more limited array of amenities and undergo slower job market growth, ultimately yielding a more affordable cost of living.
The cost of living data for Franconia shown above is based on a U.S. average baseline score of 100, making it easier to compare how far your dollar may go from one city to another. Housing uses U.S. Census home price and rental data, while all remaining values are AI-assisted estimates informed by regional pricing, climate, transportation dynamics, and local economic factors. These scores are best used for directional comparisons between cities.
| Cost of living index | |
| Groceries index | |
| Health care index | |
| Housing index | |
| Transportation index | |
| Utilities index | |
| Lifestyle index | |
| Household index | |
| Educare index |
| Median Income | Per Year | Per Month | Max Budget (28% DTI) | Max Budget (36% DTI) |
| Owners | $196,062 | $16,339 | $4,574 | $5,882 |
| Renters | $154,699 | $12,892 | $3,609 | $4,641 |
| State | General Sales Tax | With Max Surtax |
| Virginia | 5.3% | 6% |
| State | Income Tax (Low) | Income Tax (High) |
| Virginia | 2% | 5.75% |
| City | Population | Cost of Living Index | National Avg. |
| Rose Hill CDP (Lee County), VA | 731 | 89 | 11.0% |
| Potomac Heights, MD | 1,295 | 90 | 10.5% |
| Woodlawn CDP (Carroll County), VA | 2,334 | 89 | 11.3% |
| Wakefield town, VA | 838 | 92 | 8.4% |
| Belle Haven town, VA | 578 | 99 | 1.4% |
| Franconia, VA | 20,097 | 140 | 39.7% |
| City | Population | Cost of Living Index | National Avg. |
| Angleton, TX | 20,095 | 93 | 6.6% |
| Durango, CO | 20,083 | 137 | 36.7% |
| Niagara-on-the-Lake, ON | 20,111 | n/a | |
| Lynbrook, NY | 20,075 | 150 | 49.6% |
| Five Forks, SC | 20,122 | 125 | 24.9% |
| Franconia, VA | 20,097 | 140 | 39.7% |
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