Cost Of Living
The cost of living in this region is notably lower than the national average, encompassing everyday goods, housing, utilities, transportation and health care expenses.
Housing
High scores in the housing category are attributed to this area, possibly pointing to a favorable home affordability ratio, robust appreciation rates or elevated home values.
Health & Safety
Achieving a high health and safety score relies on factors including great air quality and convenient access to vital health facilities such as hospitals, doctors, clinics and police stations.
Ratings
Locals express favorable opinions about the proximity of everyday local amenities, parks, public transit, neighborly atmosphere, strong sense of community and the general safety of the area.
Amenities
A large portion of amenities are not ideally situated within walking distance, potentially requiring residents to utilize a vehicle or public transportation.
Commute
Access to public transportation in this particular area may be limited, which can result in longer-than-average commute times to reach workplaces.
Crime
This area exhibits elevated crime rates per 100,000 residents, which may suggest it's a potentially unsafe place to reside. These rates encompass both property and violent crimes.
Employment
Low income levels and high unemployment rates results in a low score in the employment category. It could prove difficult to find well-paying employment in this area.
Located in the state of Louisiana, Franklin is a smaller city with a population of 7,085 residents. Franklin is mostly populated by White (39%) and Black or African American (58%) ethnic groups. Franklin is not known to have a high population (over 15 years old) of married people. At only 45% married, this city falls well below the national average. If you're not a fan of traffic congestion and long commute times to work, Franklin is the place to be. Commutes to work here are shorter, with an average one-way commute time taking only 18 minutes, significantly lower than the national average of 26 minutes.
Living in Franklin can be a good experience for anyone moving to the area. Having said that, in the state of Louisiana, there are many desirable places to live, so choose wisely! When searching for a new neighborhood, several factors play a vital role in determining its suitability. Safety should be a top priority, ensuring a secure environment with low crime rates. Proximity to your workplace or school helps minimize commuting time and allows for a better work-life balance. Availability of essential amenities such as parks, coffee shops, restaurants, grocery stores, and healthcare facilities contributes to convenience and well-being. Access to reliable public transportation options facilitates easy commuting and connectivity. Additionally, considering the sense of community and the overall atmosphere that resonates with your lifestyle and preferences fosters a harmonious living experience. To help you find the best places to live in and around Franklin, AreaVibes has created a livability score using key metrics like amenities, cost of living, commute, health & safety, employment and more.
Franklin has a livability score of 66/100 and is ranked #98 in Louisiana and #10,581 in the USA. If we explore each of the categories individually, we see that Franklin ranks well for housing (A+). Franklin does not score well for the following: amenities (F), crime (F) and employment (F). It might be wise to take a closer look at each category to find out why.
Real estate represents the most substantial investment for homebuyers, constituting their most valuable asset. Renters, on the other hand, typically see their monthly rent as their most significant expense. The Franklin market earns a high score in the housing category, surpassing the national average in factors like home and rental affordability and appreciation rates. This robust real estate market not only benefits individual homeowners and renters but also spurs vigorous local economic activity and job growth, solidifying its significance in driving the region's prosperity and financial well-being.
Certain items on your wish list like shopping, restaurants, nightlife, parks and proximity to public transportation are all important things to look for. Having said that, perhaps the most important metric to consider when contemplating a move to Franklin is real estate affordability. Median real estate prices in Franklin come in at $140,636, which is 47.5% lower than the Louisiana average. The home price to income ratio compares the median home prices to the median household income. In Franklin, the home price to income ratio is 2.4, which is 40% lower than the Louisiana average.
| Statistic | Franklin | Louisiana | National |
| Average one way commute | 18min | 25min | 26min |
| Workers who drive to work | 91.3% | 82.6% | 76.4% |
| Workers who carpool | 3.8% | 9.6% | 9.3% |
| Workers who take public transit | 0.0% | 1.3% | 5.1% |
| Workers who bicycle | 0.2% | 0.5% | 0.6% |
| Workers who walk | 2.4% | 1.8% | 2.8% |
| Working from home | 2.3% | 2.6% | 4.6% |
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