Cost of Living in Franklin, MO

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A+
3%
Overall NAT. AVG.
1%
Groceries NAT. AVG.
100%
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 Missouri National
Cost of living9790100
Groceries9996100
Health care9597100
Housingn/a77100
Transportation9896100
Utilities9795100
Lifestyle & Entertainment9695100
Household Items9697100
Education & Childcare9895100
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Homes For Sale In Franklin, MO

property for sale

6096 Highway 87

Franklin, MO
property for sale

2281 State Route J

Franklin, MO
property for sale

2227 Hwy J

Franklin, MO
property for sale

2227 State Rt. J

Franklin, MO
See the Newest Homes For Sale In Franklin, MO

Cost Of Living Quick Facts

  • The cost of living in Franklin is 8% higher than the Missouri average
  • The cost of living in Franklin is 3% lower than the national average
  • Franklin housing is 15% lower than the national average
  • Missouri general sales tax is 17% lower than the national average
  • Missouri state income tax is 23% lower than the national average

Most Affordable Places to Live in and Around Franklin

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Compare Franklin, MO Cost of Living

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      Salary Calculator

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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$44,812$3,734$1,046$1,344
      Renters$0$0$0$0

      Missouri Sales Tax

      State General Sales Tax With Max Surtax
      Missouri 4.225% 10.85%

      Missouri Income Tax

      State Income Tax (Low) Income Tax (High)
      Missouri 2% 4.95%

      Nearby cities with low cost of living

      City Population Cost of Living Index National Avg.
      Blackwater, MO2177822.3%
      Nelson, MO1687921.0%
      New Franklin, MO1,0568218.3%
      Prairie Home, MO2528316.9%
      Glasgow, MO1,1428316.6%
      Franklin, MO127972.7%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Blue Mountain, AR1278713.1%
      Whispering Pines, AZ12712525.2%
      Nicasio, CA127413313.1%
      Princeton, ID1271099.5%
      Raritan, IL1277822.5%
      Franklin, MO127972.7%
      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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