Cost Of Living in Franklin, TX

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A+

10%

Overall NAT. AVG.

1%

Groceries NAT. AVG.

32%

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	Texas	National
Cost of living	90	94	100
Groceries	99	98	100
Health care	101	98	100
Housing	68	83	100
Transportation	97	98	100
Utilities	105	103	100
Lifestyle & Entertainment	98	98	100
Household Items	96	98	100
Education & Childcare	102	98	100

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Homes For Sale In Franklin, TX

525 Oak Tree Ln

Franklin, TX

8398 East

, TX

10477 Acacia Ln

Hearne, TX

405 N Main St

Franklin, TX

See the Newest Homes For Sale In Franklin, TX

Cost Of Living Quick Facts

The cost of living in Franklin is 4% lower than the Texas average
The cost of living in Franklin is 10% lower than the national average
Franklin housing is 32% lower than the national average
Texas general sales tax is 22% higher than the national average
Texas state income tax is 100% 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	$103,188	$8,599	$2,408	$3,096
Renters	$58,975	$4,915	$1,376	$1,769

Texas Sales Tax

State	General Sales Tax	With Max Surtax
Texas	6.25%	8.25%

Texas Income Tax

State	Income Tax (Low)	Income Tax (High)
Texas	0%	0%

Nearby cities with low cost of living

City	Population	Cost of Living Index	National Avg.
Bremond, TX	1,002	85	14.6%
Hearne, TX	4,525	87	13.1%
Calvert, TX	1,515	87	12.7%
Marquez, TX	256	89	10.7%
Franklin, TX	1,646	90	10.0%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Green Valley, CA	1,646	220	119.6%
Warren, MN	1,646	89	11.5%
Sutherland, NE	1,646	90	10.3%
Spencerville, NM	1,646	99	0.9%
Huntington Bay, NY	1,646	288	188.4%
Franklin, TX	1,646	90	10.0%