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.
IndexFranklinMinnesotaNational
Cost of living index81104100
IndexFranklinMinnesotaNational
Goods & Services index98109100
Groceries index103106100
Health care index118110100
Housing index37100100
Transportation index99100100
Utilities index9798100
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Did you know?

  • The cost of living in Franklin is 22% lower than the Minnesota average.
  • The cost of living in Franklin is 19% lower than the national average.
  • The cost of housing in Franklin is 63% lower than the national average.
  • Minnesota general sales tax is 35% higher than the national average.
  • Minnesota state income tax is 141% higher than the national average.

Compare Franklin, MN Cost of living To Other Cities

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Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$40,556$3,380$946$1,217
Renters$41,750$3,479$974$1,253

Minnesota Sales Tax

StateGeneral Sales TaxWith Max Surtax
Minnesota6.875%7.875%

Minnesota Income Tax

StateIncome Tax (Low)Income Tax (High)
Minnesota5.35%9.85%

Goods & Services

ItemFranklinNational avg.Difference
Haircut $22.50$17.4928.6%
Beauty Salon $27.60$38.1727.7%
Toothpaste $2.23$2.323.9%
Shampoo $0.99$1.012.2%
Movie $9.75$10.729.1%
Bowling $10.00$13.8627.9%

Groceries

ItemFranklinNational avg.Difference
Ground Beef $3.43$3.9012.0%
Fried Chicken $2.73$1.4095.6%
Milk $1.73$1.9611.8%
Potatoes $3.24$3.181.8%
Pizza $11.99$10.3915.4%
Beer $8.99$9.232.6%

Health Care

ItemFranklinNational avg.Difference
Optometrist $111.30$106.344.7%
Doctor $204.33$115.2577.3%
Dentist $101.00$98.382.7%
Ibuprofen $10.69$9.2615.4%
Lipitor $348.93$466.4725.2%

Housing

ItemFranklinNational avg.Difference
Home Price $59,600.00$184,700.0067.7%
Avg. Mortgage Payment $745.67$1,273.3241.4%
Apartment Rent $467.00$949.0050.8%

Transportation

ItemFranklinNational avg.Difference
Gasoline $2.64$2.591.8%
Tire Balancing $47.33$48.903.2%

Utilities

ItemFranklinNational avg.Difference
All Electricity$161.10$167.603.9%
Phone $179.21$163.429.7%
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.
Clements, MN16875-25%
Morton, MN33582-18%
Morgan, MN91783-17%
Evan, MN5783-17%
Fairfax, MN96385-15%
Franklin, MN52981-19%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Vaughn, WA52911616%
Linden, WI52986-14%
Cawker City, KS52975-25%
West Manchester, OH52976-24%
Grey Forest, TX5291088%
Franklin, MN52981-19%
Source: The Franklin, MN cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2019.
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