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.
IndexFranklinIllinoisNational
Cost of living index8699100
IndexFranklinIllinoisNational
Goods & Services index105101100
Groceries index9597100
Health care index104101100
Housing index5395100
Transportation index102105100
Utilities index8996100

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Did you know?

  • The cost of living in Franklin is 13% lower than the Illinois average.
  • The cost of living in Franklin is 14% lower than the national average.
  • The cost of housing in Franklin is 47% lower than the national average.
  • Illinois general sales tax is 23% higher than the national average.
  • Illinois state income tax is 69% higher than the national average.

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Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$60,673$5,056$1,416$1,820
Renters$19,375$1,615$452$581

Illinois Sales Tax

StateGeneral Sales TaxWith Max Surtax
Illinois6.25%10.25%

Illinois Income Tax

StateIncome Tax (Low)Income Tax (High)
Illinois3.75%3.75%

Goods & Services

ItemFranklinNational avg.Difference
Haircut $10.71$16.0933.4%
Beauty Salon $32.39$37.3313.2%
Toothpaste $2.21$2.459.7%
Shampoo $0.89$1.0011.4%
Movie $11.99$10.2816.6%
Bowling $6.40$4.9329.7%

Groceries

ItemFranklinNational avg.Difference
Ground Beef $3.69$3.803.0%
Fried Chicken $1.40$1.400.5%
Milk $1.72$2.0114.5%
Potatoes $2.86$3.015.0%
Pizza $12.73$9.8928.7%
Beer $8.22$8.907.6%

Health Care

ItemFranklinNational avg.Difference
Optometrist $74.00$102.1627.6%
Doctor $133.89$108.3623.6%
Dentist $89.33$92.533.5%
Ibuprofen $9.21$9.280.7%
Lipitor $431.02$425.821.2%

Housing

ItemFranklinNational avg.Difference
Home Price $85,000.00$184,700.0054.0%
Avg. Mortgage Payment $998.55$1,202.4417.0%
Apartment Rent $646.00$949.0031.9%

Transportation

ItemFranklinNational avg.Difference
Gasoline $2.25$2.240.2%
Tire Balancing $48.87$46.295.6%

Utilities

ItemFranklinNational avg.Difference
All Electricity$159.87$165.963.7%
Phone $23.34$28.6818.6%
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, StatePopulationCost of Living IndexNational Avg.
Scottville, IL8281-19%
Palmyra, IL57982-18%
Berlin, IL18382-18%
Manchester, IL29682-18%
Modesto, IL17682-18%
Franklin, IL46686-14%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Tryon, OK46681-19%
Bayview, TX46695-5%
Rudolph, WI46685-15%
Inchelium, WA46682-18%
Woodson, AR46683-17%
Franklin, IL46686-14%
Source: The Franklin, IL cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2017.