Franklin, Georgia Cost Of Living

Buy Rent

B+

Overall 12%

Goods & Services 5%

Housing 32%

Date & Last Updated: This data reflects 2019 and was released from C2ER in January, 2020; this is the most current data available.

The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index	Franklin	Georgia	National
Cost of living	88	94	100
Goods & Services	95	97	100
Groceries	96	99	100
Health care	100	97	100
Housing	68	86	100
Transportation	112	97	100
Utilities	87	93	100

Key findings

The cost of living in Franklin is 6% lower than the Georgia average
The cost of living in Franklin is 12% lower than the national average
Franklin housing is 32% lower than the national average
Georgia general sales tax is 21% lower than the national average
Georgia state income tax is 59% lower than the national average

Most Affordable Places to Live in and Around Franklin

See all the best places to live around Franklin

Compare Franklin, GA Cost of Living

See all Franklin poll results

The best places in Georgia

Here are the best places to live in Georgia

10 best cities to buy a new house in Georgia

See the best places to live in & around Franklin

Top 10 best public schools in Franklin

Salary Calculator

This is how much you would need to earn in

Price difference in compared to

Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$50,833	$4,236	$1,186	$1,525
Renters	$14,167	$1,181	$331	$425

Georgia Sales Tax

State	General Sales Tax	With Max Surtax
Georgia	4%	8%

Georgia Income Tax

State	Income Tax (Low)	Income Tax (High)
Georgia	1%	5.75%

Goods & Services

Item	Franklin	National avg.	Difference
Haircut	$9.85	$17.49	43.7%
Beauty Salon	$40.32	$38.17	5.6%
Toothpaste	$2.62	$2.32	12.9%
Shampoo	$1.67	$1.01	65.3%
Movie	$10.78	$10.72	0.5%
Bowling	$4.12	$13.86	70.3%

Groceries

Item	Franklin	National avg.	Difference
Ground Beef	$3.70	$3.90	5.0%
Fried Chicken	$1.27	$1.40	9.1%
Milk	$2.03	$1.96	3.4%
Potatoes	$2.87	$3.18	9.8%
Pizza	$8.66	$10.39	16.7%
Beer	$8.35	$9.23	9.6%

Health Care

Item	Franklin	National avg.	Difference
Optometrist	$75.39	$106.34	29.1%
Doctor	$139.84	$115.25	21.3%
Dentist	$78.43	$98.38	20.3%
Ibuprofen	$9.00	$9.26	2.8%
Lipitor	$404.39	$466.47	13.3%

Housing

Item	Franklin	National avg.	Difference
Home Price	$141,700.00	$184,700.00	23.3%
Avg. Mortgage Payment	$831.40	$1,273.32	34.7%
Apartment Rent	$444.00	$949.00	53.2%

Transportation

Item	Franklin	National avg.	Difference
Gasoline	$2.19	$2.59	15.6%
Tire Balancing	$66.19	$48.90	35.4%

Utilities

Item	Franklin	National avg.	Difference
All Electricity	$145.53	$167.60	13.2%
Phone	$25.14	$163.42	84.6%

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, State	Population	Cost of Living Index	National Avg.
Graham, AL	232	92	-8%
Standing Rock, AL	71	97	-3%
Rock Mills, AL	558	77	-23%
Whitesburg, GA	609	83	-17%
Centralhatchee, GA	468	85	-15%
Franklin, GA	970	88	-12%

Cities with similar population

City, State	Population	Cost of Living Index	National Avg.
Mountain City, GA	970	83	-17%
Kidron, OH	970	94	-6%
Inverness, MS	970	81	-19%
Lake Waynoka, OH	970	113	13%
Benton, WI	971	86	-14%
Franklin, GA	970	88	-12%

Source: The Franklin, GA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2019.

Franklin, GA Cost of Living

Find real estate listings

Find rental listings