Franklin 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.
IndexFranklinArkansasNational
Cost of living index7684100
IndexFranklinArkansasNational
Goods & Services index8992100
Groceries index9191100
Health care index8288100
Housing index4765100
Transportation index8787100
Utilities index8797100

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Did you know?

  • The cost of living in Franklin is 9% lower than the Arkansas average.
  • The cost of living in Franklin is 24% lower than the national average.
  • The cost of housing in Franklin is 53% lower than the national average.
  • Arkansas general sales tax is 28% higher than the national average.
  • Arkansas state income tax is 60% lower than the national average.

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Groceries index
Health care index
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Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$52,969$4,414$1,236$1,589
Renters$0$0$0$0

Arkansas Sales Tax

StateGeneral Sales TaxWith Max Surtax
Arkansas6.5%11.625%

Arkansas Income Tax

StateIncome Tax (Low)Income Tax (High)
Arkansas0.9%6.9%

Goods & Services

ItemFranklinNational avg.Difference
Haircut $15.56$16.093.3%
Beauty Salon $22.78$37.3339.0%
Toothpaste $1.67$2.4531.6%
Shampoo $0.80$1.0019.7%
Movie $9.50$10.287.6%
Bowling $4.25$4.9313.8%

Groceries

ItemFranklinNational avg.Difference
Ground Beef $3.31$3.8013.1%
Fried Chicken $1.06$1.4024.1%
Milk $1.46$2.0127.1%
Potatoes $2.88$3.014.2%
Pizza $9.43$9.894.6%
Beer $9.00$8.901.1%

Health Care

ItemFranklinNational avg.Difference
Optometrist $71.67$102.1629.8%
Doctor $85.69$108.3620.9%
Dentist $69.56$92.5324.8%
Ibuprofen $8.23$9.2811.3%
Lipitor $412.86$425.823.0%

Housing

ItemFranklinNational avg.Difference
Home Price $85,000.00$184,700.0054.0%
Avg. Mortgage Payment $952.61$1,202.4420.8%
Apartment Rent $479.00$949.0049.5%

Transportation

ItemFranklinNational avg.Difference
Gasoline $2.01$2.2410.3%
Tire Balancing $37.21$46.2919.6%

Utilities

ItemFranklinNational avg.Difference
All Electricity$124.14$165.9625.2%
Phone $29.33$28.682.3%
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.
Sidney, AR18473-27%
Evening Shade, AR46374-26%
Oxford, AR61675-25%
Ash Flat, AR1,06776-24%
Mount Pleasant, AR40876-24%
Franklin, AR19976-24%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Cavendish, VT1991077%
Brogan, OR1991022%
Zumbro Falls, MN19998-2%
Refton, PA1991077%
Airport Road Addition, TX19984-16%
Franklin, AR19976-24%
Source: The Franklin, AR cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2017.