Cost Of Living in Franklin, AL

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23%

Overall NAT. AVG.

7%

Groceries NAT. AVG.

63%

Housing NAT. AVG.

Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.

The cost of living index is based on a national average of 100. For example, if the cost of living score is 90, then the estimated cost of living is 10% lower than the national average. If the score is 110, then the estimated cost of living is 10% higher than average. The overall index is calculated using weighted estimates across major everyday expense categories, including housing (30%), groceries (16%), transportation (12%), healthcare (10%), utilities (8%), lifestyle and entertainment (8%), household expenses (8%), and education and childcare (8%). All values are AI-assisted city-level estimates designed for directional comparisons.
Index	Franklin	Alabama	National
Cost of living	77	89	100
Groceries	94	96	100
Health care	93	95	100
Housing	37	74	100
Transportation	93	95	100
Utilities	96	97	100
Lifestyle & Entertainment	93	94	100
Household Items	95	96	100
Education & Childcare	94	93	100

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Homes For Sale In Franklin, AL

2793 County Road 27

Tuskegee, AL

Cost Of Living Quick Facts

The cost of living in Franklin is 14% lower than the Alabama average
The cost of living in Franklin is 23% lower than the national average
Franklin housing is 63% lower than the national average
Alabama general sales tax is 22% lower than the national average
Alabama state income tax is 23% lower than the national average

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Price difference in compared to

Cost of living index
Groceries index
Health care index
Housing index
Transportation index
Utilities index
Lifestyle index
Household index
Educare index

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$124,972	$10,414	$2,916	$3,750
Renters	$0	$0	$0	$0

Alabama Sales Tax

State	General Sales Tax	With Max Surtax
Alabama	4%	13.5%

Alabama Income Tax

State	Income Tax (Low)	Income Tax (High)
Alabama	2%	5%

Nearby cities with low cost of living

City	Population	Cost of Living Index	National Avg.
Shorter, AL	310	79	21.3%
Reeltown, AL	378	78	21.8%
Notasulga, AL	1,162	80	19.6%
Tuskegee, AL	8,678	81	19.2%
Eclectic, AL	1,225	85	14.7%
Franklin, AL	921	77	23.2%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Gulf Stream, FL	921	327	227.5%
Glasford, IL	921	86	14.3%
Mesquite, NM	921	83	17.2%
Marshallville, OH	921	88	11.8%
Mission, OR	921	104	4.4%
Franklin, AL	921	77	23.2%