Cost of Living in Franklin, MI

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F
60%
Overall NAT. AVG.
4%
Groceries NAT. AVG.
209%
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 Michigan National
Cost of living16091100
Groceries9698100
Health care9797100
Housing30976100
Transportation9596100
Utilities100100100
Lifestyle & Entertainment9796100
Household Items10098100
Education & Childcare9495100
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Homes For Sale In Franklin, MI

property for sale

30360 Kincardine Rd

Franklin, MI
property for sale

25933 Hersheyvale Dr

Franklin, MI
property for sale

26296 Franklin Ct

Franklin, MI
property for sale

26023 Meadow Dr

Franklin, MI

Cost Of Living Quick Facts

  • The cost of living in Franklin is 77% higher than the Michigan average
  • The cost of living in Franklin is 60% higher than the national average
  • Franklin housing is 209% higher than the national average
  • Michigan general sales tax is 18% higher than the national average
  • Michigan state income tax is 64% higher than the national average

Most Affordable Places to Live in and Around Franklin

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Compare Franklin, MI Cost of Living

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      Utilities index
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      Educare index

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$243,976$20,331$5,692$7,320
      Renters$211,244$17,604$4,929$6,338

      Michigan Sales Tax

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

      Michigan Income Tax

      State Income Tax (Low) Income Tax (High)
      Michigan 4.25% 4.25%

      Nearby cities with low cost of living

      City Population Cost of Living Index National Avg.
      Highland Park, MI11,0568020.3%
      Detroit, MI692,0448217.6%
      Hamtramck, MI22,1998416.2%
      Pontiac, MI61,7648416.2%
      Center Line, MI8,3988614.0%
      Franklin, MI2,93516060.5%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Filer, ID2,935981.8%
      Akron, NY2,9341022.4%
      Yamachiche, QC2,934n/a 
      Kechi, KS2,9361032.8%
      Ravensworth, VA2,93615453.9%
      Franklin, MI2,93516060.5%
      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.
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