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.
Commute
Access to public transportation in this particular area may be limited, which can result in longer-than-average commute times to reach workplaces.
Located in the state of North Carolina, Franklin is a small-sized city with a population of 4,123 residents. If we take a look at the last Census, the vast majority of the population falls within one racial group (91% White). Given that fact, Franklin could be considered less diverse than other cities. The Franklin population appears to be aging at a faster rate than normal. The median age is currently 49, which is on the high side when compared to most other cities. 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 20 minutes, significantly lower than the national average of 26 minutes.
If you’re considering moving to any new city, it could be a very intimidating task. However, it could also be a great experience if you are willing to get to know the town before actually living in Franklin, North Carolina. When searching for a new neighborhood, several key items should be considered. Safety is of utmost importance, ensuring a secure environment with low crime. Proximity to your workplace or school helps reduce commuting time and offers convenience. Access to amenities such as parks, grocery stores, and healthcare facilities enhances your daily life. Public transportation options contribute to easy mobility. A sense of community fosters a supportive and engaging environment. Lastly, the overall atmosphere should align with your desired lifestyle, ensuring a fulfilling living experience. Considering these items will guide you towards finding the perfect neighborhood that fits all your needs. With useful information like amenities, crime, cost of living, health & safety, employment and other key data points, finding the best places to live in Franklin and in the areas around Franklin is a much easier task.
The livability score in Franklin is 70 out of 100 and the city is ranked in the 77th percentile of all cities across America. For each of the livability categories, we know that Franklin ranks very well for cost of living (A+) and housing (B). On a less positive note, Franklin does not have favorable scores for the following: education (D) and employment (D). If we take a look at the data, we can find out why.
The Franklin unemployment rate of 1.5% has continued to decrease over the years and is now well below the national average. The result could lead to reduced poverty and inequality in the area, higher wages and increased economic growth. This is a positive sign in the overall health of the local economy.
A healthy real estate market serves as a key economic indicator. It could signify overall local economic strength, stability and reflects consumer confidence in the area. Based on multiple factors including: median home and rental prices, appreciation rates and home affordability, Franklin has received high marks in the housing category. Based on these calculations, the apartment rental and real estate market appears to be very healthy.
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. The median home price for Franklin homes is $279,843, which is 3.3% lower than the North Carolina average. If we take a closer look at the affordability of homes in Franklin, we’ll see that the home price to income ratio is 4.7, which is 14.6% higher than the North Carolina average.
| Statistic | Franklin | North Carolina | National |
| Average one way commute | 20min | 24min | 26min |
| Workers who drive to work | 75.2% | 81.1% | 76.4% |
| Workers who carpool | 7.9% | 9.8% | 9.3% |
| Workers who take public transit | 0.6% | 1.1% | 5.1% |
| Workers who bicycle | 0.0% | 0.2% | 0.6% |
| Workers who walk | 7.9% | 1.8% | 2.8% |
| Working from home | 3.5% | 4.8% | 4.6% |
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