Cost of Living in Franklin, NH

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3%
Overall NAT. AVG.
4%
Groceries NAT. AVG.
2%
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 New Hampshire National
Cost of living103110100
Groceries104103100
Health care105104100
Housing102125100
Transportation104103100
Utilities105106100
Lifestyle & Entertainment101103100
Household Items102102100
Education & Childcare101105100
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Homes For Sale In Franklin, NH

property for sale

93 Calef Hill Rd

Franklin, NH
property for sale

30 Hampshire Dr

Franklin, NH
property for sale

3 Eagle Nest Dr

Franklin, NH
property for sale

339 Webster Lake Rd

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

Cost Of Living Quick Facts

  • The cost of living in Franklin is 7% lower than the New Hampshire average
  • The cost of living in Franklin is 3% higher than the national average
  • Franklin housing is 2% higher than the national average
  • New Hampshire general sales tax is 100% lower than the national average
  • New Hampshire state income tax is 54% higher than the national average

Most Affordable Places to Live in and Around Franklin

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      Salary Calculator

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      Cost of living index
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      Health care index
      Housing index
      Transportation index
      Utilities index
      Lifestyle 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$90,875$7,573$2,120$2,727
      Renters$64,148$5,346$1,497$1,925
      The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Franklin, NH, as well as the overall cost of living. As a general rule of thumb, the debt-to-income ratio (DTI) for homeowners or renters should be not more than 28 percent of gross income to be spent on housing related costs and not more than 36 percent of income on all expenses, including debts. The median income for Franklin homeowners, is $90,875. This would allow for a maximum of $2,120 per month to be spent on housing costs. For renters, the median monthly income is $64,148 which would result in a maximum of $1,497 to be spent on rental costs.

      New Hampshire Sales Tax

      State General Sales Tax With Max Surtax
      New Hampshire 0% 0%

      New Hampshire Income Tax

      State Income Tax (Low) Income Tax (High)
      New Hampshire 4% 4%

      Nearby cities with low cost of living

      City Population Cost of Living Index National Avg.
      Belmont, NH1,306964.5%
      Bristol, NH2,032991.4%
      Tilton Northfield, NH2,901991.0%
      Laconia, NH17,0801044.1%
      Bradford, NH3171076.9%
      Franklin, NH8,9531032.8%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Folsom, PA8,9541066.1%
      Fort Riley, KS8,9501021.7%
      Rockingham, NC8,9498613.7%
      Sanatoga, PA8,9581033.2%
      Collingdale, PA8,960973.2%
      Franklin, NH8,9531032.8%
      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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