Franklin borough cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
IndexFranklin boroughPennsylvaniaNational
Cost of living index8199100
IndexFranklin boroughPennsylvaniaNational
Goods & Services index9298100
Groceries index109103100
Health care index9294100
Housing index3291100
Transportation index119109100
Utilities index114111100
A general summary of the cost of living index in Franklin borough, PA is shown above. Compared to the state average of Pennsylvania the cost of living index in Franklin borough, PA is 81, which is 18% lower than the average in Pennsylvania and compared to the national average it is 19% lower than. The cost of living index is made up of several categories. These are transportation at 9%, utilities at 10%, goods and services at 33%, housing at 30%, groceries at 13%, and health care at 5%. The bulk of the cost of living index comes from the categories of goods and services and housing. If you look at everyday goods and services they can be a good indicator in a certain city of the general costs of goods there. In Franklin borough, PA goods and services come in at 6% lower than the average in Pennsylvania and are 8% lower than compared to the nationwide average.
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Did you know?

  • The cost of living in Franklin borough is 18% lower than the Pennsylvania average.
  • The cost of living in Franklin borough is 19% lower than the national average.
  • The cost of housing in Franklin borough is 68% lower than the national average.
  • Pennsylvania general sales tax is 18% higher than the national average.
  • Pennsylvania state income tax is 38% higher than the national average.

Compare Franklin borough, PA Cost of living To Other Cities

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      Goods & Services index
      Groceries index
      Health care index
      Housing index
      Transportation index
      Utilities index
      Use the salary calculator to compare your current salary in Franklin borough, PA to any other city. The salary calculator will tell you how much you would need to earn in any given city to maintain the same standard of living based on the cost of living in each city. For example, if the cost of living in the city you are looking to relocate to is higher than the cost of living in Franklin borough, PA, then you would need to earn more income in order to maintain the same standard of living. To use the Franklin borough, PA salary calculator, simply enter in the name of the new city, then adjust the slider to your current income. The salary calculator will do the rest and let you know if you need to earn more or less in the new city. You will also see a complete breakdown of the cost of living.

      Median Income & Debt-To-Income Ratio

      Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
      Owners$39,583$3,299$924$1,188
      Renters$9,271$773$216$278
      A good way to judge both the affordability of the housing and the cost of living is by simply calculating the maximum that a person should spend on housing in Franklin borough, PA, otherwise known as the debt-to-income ratio (DTI). The safest way to live in the city is to avoid spending more than 28 percent of the gross income that one earns on costs that pertain to housing and no more than 36 percent on all expenses and debts. Franklin borough, PA has a median income of about $39,583 for people who own homes. Based on that number, a person should spend a maximum of $924 on expenses related to housing. Renters have a slightly different median income, which is $9,271. Based on this average, renters should spend no more than $216 on all of their rental costs if they want to maintain a non-impoverished standard of living.

      Pennsylvania Sales Tax

      StateGeneral Sales TaxWith Max Surtax
      Pennsylvania6%8%

      Pennsylvania Income Tax

      StateIncome Tax (Low)Income Tax (High)
      Pennsylvania3.07%3.07%
      When assessing the complete cost of living in Franklin borough, PA, the Pennsylvania income tax and the Pennsylvania sales tax percentages should unquestionably be taken into consideration. Sales taxes aren't just levies imposed onto sold goods, but they also include taxes that are charged when services are provided for a fee. The rates are different from state to state and can run has high as 7 percent. Some states have no sales tax at all. The Pennsylvania maximum surtax is 8%, and the Pennsylvania sales tax is 6%. By contrast, income tax is an unfortunate obligation that is charged by the government against earnings. Just like sales taxes, the rates for income taxes differ from state to state. They also decrease or increase according to the individual's tax bracket. Tax rates can run as high as 9 percent, with a minimum of zero. Income tax rates range from 3.07% to 3.07% in Pennsylvania.

      Goods & Services

      ItemFranklin boroughNational avg.Difference
      Haircut $18.30$17.494.6%
      Beauty Salon $28.90$38.1724.3%
      Toothpaste $2.25$2.323.1%
      Shampoo $1.15$1.0113.6%
      Movie $10.39$10.723.1%
      Bowling $14.20$13.862.4%

      Groceries

      ItemFranklin boroughNational avg.Difference
      Ground Beef $4.16$3.906.7%
      Fried Chicken $1.95$1.4039.7%
      Milk $2.11$1.967.5%
      Potatoes $3.59$3.1812.8%
      Pizza $10.89$10.394.8%
      Beer $9.76$9.235.7%

      Health Care

      ItemFranklin boroughNational avg.Difference
      Optometrist $79.57$106.3425.2%
      Doctor $91.67$115.2520.5%
      Dentist $97.56$98.380.8%
      Ibuprofen $9.19$9.260.8%
      Lipitor $477.30$466.472.3%

      Housing

      ItemFranklin boroughNational avg.Difference
      Home Price $35,900.00$184,700.0080.6%
      Avg. Mortgage Payment $1,359.16$1,273.326.7%
      Apartment Rent $575.00$949.0039.4%

      Transportation

      ItemFranklin boroughNational avg.Difference
      Gasoline $2.96$2.5914.3%
      Tire Balancing $63.68$48.9030.2%

      Utilities

      ItemFranklin boroughNational avg.Difference
      All Electricity$205.57$167.6022.6%
      Phone $187.74$163.4214.9%
      Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

      Nearby cities with low cost of living

      City, StatePopulationCost of Living IndexNational Avg.
      Oil City, PA10,20782-18%
      Clintonville, PA44883-17%
      Rouseville, PA58883-17%
      Polk, PA76284-16%
      Hannasville, PA25684-16%
      Franklin borough, PA24381-19%

      Cities with similar population

      City, StatePopulationCost of Living IndexNational Avg.
      Bassett, AR24375-25%
      Delavan, MN24381-19%
      Emerald Beach, MO24380-20%
      Carytown, MO24388-12%
      Lakeline, OH24394-6%
      Franklin borough, PA24381-19%
      Source: The Franklin borough, PA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2019.