Franklin cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
IndexFranklinWest VirginiaNational
Cost of living index9188100
IndexFranklinWest VirginiaNational
Goods & Services index101102100
Groceries index97103100
Health care index10391100
Housing index7462100
Transportation index8798100
Utilities index10388100

Did you know?

  • The cost of living in Franklin is 4% higher than the West Virginia average.
  • The cost of living in Franklin is 9% lower than the national average.
  • The cost of housing in Franklin is 26% lower than the national average.
  • West Virginia general sales tax is 18% higher than the national average.
  • West Virginia state income tax is 35% higher than the national average.

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Compare Franklin, WV Cost of living To Other Cities

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Groceries index
Health care index
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Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$54,018$4,502$1,260$1,621
Renters$17,857$1,488$417$536

West Virginia Sales Tax

StateGeneral Sales TaxWith Max Surtax
West Virginia6%7%

West Virginia Income Tax

StateIncome Tax (Low)Income Tax (High)
West Virginia3%6.5%

Goods & Services

ItemFranklinNational avg.Difference
Haircut $9.77$16.0939.3%
Beauty Salon $32.50$37.3312.9%
Toothpaste $2.16$2.4511.8%
Shampoo $0.93$1.006.7%
Movie $12.35$10.2820.2%
Bowling $3.85$4.9322.0%

Groceries

ItemFranklinNational avg.Difference
Ground Beef $4.54$3.8019.5%
Fried Chicken $1.18$1.4015.4%
Milk $1.92$2.014.4%
Potatoes $3.48$3.0115.6%
Pizza $8.65$9.8912.5%
Beer $8.96$8.900.6%

Health Care

ItemFranklinNational avg.Difference
Optometrist $100.21$102.161.9%
Doctor $123.60$108.3614.1%
Dentist $89.79$92.533.0%
Ibuprofen $7.95$9.2814.4%
Lipitor $450.37$425.825.8%

Housing

ItemFranklinNational avg.Difference
Home Price $158,000.00$184,700.0014.5%
Avg. Mortgage Payment $1,203.84$1,202.440.1%
Apartment Rent $435.00$949.0054.2%

Transportation

ItemFranklinNational avg.Difference
Gasoline $2.10$2.246.6%
Tire Balancing $33.71$46.2927.2%

Utilities

ItemFranklinNational avg.Difference
All Electricity$170.41$165.962.7%
Phone $30.15$28.685.1%
Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City, StatePopulationCost of Living IndexNational Avg.
Whitmer, WV1198-2%
Brandywine, WV11685-15%
Franklin, WV72991-9%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
River Falls, AL72976-24%
Westmoreland, KS72982-18%
Port Trevorton, PA72989-11%
Michie, TN72983-17%
Opal, VA72912828%
Franklin, WV72991-9%
Source: The Franklin, WV cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2017.