Cost Of Living in Franklin, MD

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26%

Overall NAT. AVG.

4%

Groceries NAT. AVG.

71%

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	Maryland	National
Cost of living	74	121	100
Groceries	97	105	100
Health care	93	109	100
Housing	29	151	100
Transportation	96	109	100
Utilities	91	108	100
Lifestyle & Entertainment	93	109	100
Household Items	94	105	100
Education & Childcare	89	112	100

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Homes For Sale In Franklin, MD

Route 36 RD

Westernport, MD

Cost Of Living Quick Facts

The cost of living in Franklin is 38% lower than the Maryland average
The cost of living in Franklin is 26% lower than the national average
Franklin housing is 71% lower than the national average
Maryland general sales tax is 18% higher than the national average
Maryland 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	$0	$0	$0	$0
Renters	$16,901	$1,408	$394	$507

Maryland Sales Tax

State	General Sales Tax	With Max Surtax
Maryland	6%	6%

Maryland Income Tax

State	Income Tax (Low)	Income Tax (High)
Maryland	2%	5.75%

Nearby cities with low cost of living

City	Population	Cost of Living Index	National Avg.
Jennings, MD	173	94	6.2%
Ocean, MD	0	94	6.2%
Detmold, MD	263	94	6.2%
Bier, MD	228	94	6.2%
Danville, MD	543	94	6.2%
Franklin, MD	164	74	25.6%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Five Points, AL	164	99	0.6%
Paradise CDP, CA	164	148	47.8%
Hasty, CO	164	88	11.6%
Pilot Mound, IA	164	78	22.5%
St. Charles, ID	164	100	0.3%
Franklin, MD	164	74	25.6%