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.
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.
Franklin, Ohio is a mid-sized city with a population of 12,311 people. If we look at the most recent Census, Franklin is known to have a predominantly White population. The next two most common races are Black and Asian.
Without the right tools, moving to any new area can be very stressful and challenging. Living in Franklin, Ohio could be a fulfilling experience for anyone who puts in the time to do the research required. When searching for a new neighborhood, several key items should be considered. Safety is paramount, ensuring a secure environment for you and your family. Proximity to workplaces or schools reduces commuting time and enhances convenience. Access to amenities like parks, grocery stores and healthcare facilities contributes to a comfortable lifestyle. Reliable public transportation options promote easy mobility. A strong sense of community fosters social connections and a welcoming atmosphere. Using the livability score which includes data from categories like cost of living, commute, education, employment, you can easily compare the best places to live in Franklin and also determine if there are any nearby cities that might be a better match for your lifestyle. You can also compare Franklin to Ohio and the national average.
With a livability score of 69 out of 100, Franklin is ranked #7,767 in the United States and #467 in Ohio. Based on the grades for each individual category, Franklin has been rewarded with high marks for cost of living (A+), education (B-) and housing (A+). There is at least one category that does not have great scores in Franklin. The following was graded with a less than perfect score: amenities (D-) and crime (D-).
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 189 crimes per 100,000 residents, Franklin has a violent crime rate that is far below the national average.
A robust real estate market serves as a crucial economic indicator, reflecting the local area's strength, stability and the confidence of its residents. Franklin excels in the housing sector, scoring high marks based on factors such as median home and rental prices, appreciation rates and home affordability. These calculations suggest that the apartment rental and real estate market in the region is exceptionally healthy, highlighting the area's economic vitality and attractiveness to potential homebuyers and renters.
There are many factors that go into deciding if an area is the right fit for your lifestyle. Certain “must haves” like low crime, great schools and nearby amenities are all at the top of most people's lists. But before even considering if those options are attainable, we'll need to know if the real estate in Franklin is actually affordable. Median real estate prices in Franklin come in at $195,228, which is 16.9% lower than the Ohio average. The home price to income ratio compares the median home prices to the median household income. In Franklin, the home price to income ratio is 2.7, which is 12.9% lower than the Ohio average.
| Statistic | Franklin | Ohio | National |
| Average one way commute | 22min | 23min | 26min |
| Workers who drive to work | 86.5% | 83.4% | 76.4% |
| Workers who carpool | 7.1% | 7.8% | 9.3% |
| Workers who take public transit | 0.2% | 1.7% | 5.1% |
| Workers who bicycle | 0.3% | 0.3% | 0.6% |
| Workers who walk | 1.6% | 2.3% | 2.8% |
| Working from home | 1.9% | 3.7% | 4.6% |
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