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.
Crime
The crime rate is far lower than the national average per 100,000 residents. As such, it should be considered a very safe place to live when compared to other areas.
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.
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.
Amenities
A large portion of amenities are not ideally situated within walking distance, potentially requiring residents to utilize a vehicle or public transportation.
Commute
Access to public transportation in this particular area may be limited, which can result in longer-than-average commute times to reach workplaces.
Schools
The lower than average schools score may be influenced by below-average education levels, subpar reading and math scores and the lack of access to local elementary and high schools.
Located in the state of New Hampshire, Franklin is a smaller city with a population of 8,953 residents. The majority of Franklin residents report their race to be White; this is followed by Asian and Black. Long commute times to work can be incredibly frustrating, ranking just behind housework on the list of life's annoyances. If you opt to make Franklin your home, your one-way commute time will typically last around 27 minutes, a duration that aligns with the national average commute time of 26 minutes.
Living in Franklin can be a good experience for anyone moving to the city. Having said that, in the state of New Hampshire, there are many incredible places to live, so choose wisely! When searching for a new neighborhood, several factors play a vital role in determining its suitability. Safety should be a top priority, ensuring a secure environment with low crime rates. Proximity to your workplace or school helps minimize commuting time and allows for a better work-life balance. Availability of essential amenities such as parks, coffee shops, restaurants, grocery stores, and healthcare facilities contributes to convenience and well-being. Access to reliable public transportation options facilitates easy commuting and connectivity. Additionally, considering the sense of community and the overall atmosphere that resonates with your lifestyle and preferences fosters a harmonious living experience. With useful information like amenities, crime, cost of living, education 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 66 out of 100 and the city is ranked in the 61st percentile of all cities across America. If we probe a little deeper into each category within the livability score, we see that Franklin has higher than average grades for the following: crime (A+), employment (B-) and housing (A+). Regrettably for Franklin, there are some categories for which it does not score well, this includes: amenities (F) and education (F).
Low violent crime rates (murder, rape, robbery, assault) provide a safer environment for residents, reducing the risk of personal harm, property theft or violence. Low crime can also lead to increased property values and desirability. With 91 crimes per 100,000 residents, Franklin has a violent crime rate that is far below the national average.
Unemployment rates can vary significantly among cities, impacting job prospects, wage levels and the overall economic health of an area. In Franklin, the unemployment rate stands at 1.7%, suggesting increased job opportunities and a heightened demand for workers. This scenario can lead to higher wages, as the demand for employees outpaces job availability. Importantly, a low unemployment rate often signifies a robust and flourishing 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.
Franklin real estate prices and overall affordability will play a huge role in determining if the area is the right fit for you. Of course there are probably some other items on your “wish list”, but even before they are considered, let’s take a look at the home prices and affordability in Franklin. The median home price for Franklin homes is $344,371, which is 19.8% lower than the New Hampshire 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, which is 2.4% lower than the New Hampshire average.
| Statistic | Franklin | New Hampshire | National |
| Average one way commute | 27min | 27min | 26min |
| Workers who drive to work | 77.4% | 81.0% | 76.4% |
| Workers who carpool | 12.9% | 7.9% | 9.3% |
| Workers who take public transit | 0.0% | 0.9% | 5.1% |
| Workers who bicycle | 0.0% | 0.3% | 0.6% |
| Workers who walk | 1.3% | 2.9% | 2.8% |
| Working from home | 6.9% | 6.1% | 4.6% |
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