Cost Of Living in Franklin, NE

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A+

18%

Overall NAT. AVG.

0%

Groceries NAT. AVG.

55%

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	Nebraska	National
Cost of living	82	91	100
Groceries	100	97	100
Health care	98	98	100
Housing	45	76	100
Transportation	97	99	100
Utilities	94	96	100
Lifestyle & Entertainment	100	97	100
Household Items	98	98	100
Education & Childcare	95	96	100

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Homes For Sale In Franklin, NE

1502 N St

Franklin, NE

310 16th Ave

Franklin, NE

501 16th Ave

Franklin, NE

401 11th Ave

Franklin, NE

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Cost Of Living Quick Facts

The cost of living in Franklin is 10% lower than the Nebraska average
The cost of living in Franklin is 18% lower than the national average
Franklin housing is 55% lower than the national average
Nebraska general sales tax is 8% higher than the national average
Nebraska state income tax is 5% 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	$65,001	$5,417	$1,517	$1,950
Renters	$61,194	$5,100	$1,428	$1,836

Nebraska Sales Tax

State	General Sales Tax	With Max Surtax
Nebraska	5.5%	7.5%

Nebraska Income Tax

State	Income Tax (Low)	Income Tax (High)
Nebraska	2.46%	6.64%

Nearby cities with low cost of living

City	Population	Cost of Living Index	National Avg.
Naponee, NE	138	75	24.7%
Riverton, NE	76	77	23.3%
Bloomington, NE	127	77	22.6%
Campbell, NE	350	78	21.6%
Republican City, NE	178	86	13.8%
Franklin, NE	946	82	18.1%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Pinon, AZ	946	87	13.2%
White, GA	946	88	11.9%
Frankfort, MI	946	98	2.4%
Warsaw, MN	946	102	2.3%
Laurie, MO	946	90	10.3%
Franklin, NE	946	82	18.1%

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.

Cost of Living in Franklin, NE

Homes For Sale In Franklin, NE

Cost Of Living Quick Facts

Most Affordable Places to Live in and Around Franklin

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The best places in Nebraska

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Median Income & Debt-To-Income Ratio

Nebraska Sales Tax

Nebraska Income Tax

Nearby cities with low cost of living

Cities with similar population