Cost of Living in Frankton, IN

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16%
Overall NAT. AVG.
2%
Groceries NAT. AVG.
44%
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 Frankton Indiana National
Cost of living8489100
Groceries9897100
Health care9497100
Housing5672100
Transportation9496100
Utilities9396100
Lifestyle & Entertainment9695100
Household Items10098100
Education & Childcare9294100
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Homes For Sale In Frankton, IN

property for sale

4524 W 850 N

Frankton, IN
property for sale

208 Woodworth St

Frankton, IN
property for sale

603 Harrison St

Frankton, IN
property for sale

601 Harrison St

Frankton, IN

Cost Of Living Quick Facts

  • The cost of living in Frankton is 6% lower than the Indiana average
  • The cost of living in Frankton is 16% lower than the national average
  • Frankton housing is 44% lower than the national average
  • Indiana general sales tax is 37% higher than the national average
  • Indiana state income tax is 21% higher than the national average

Most Affordable Places to Live in and Around Frankton

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Compare Frankton, IN Cost of Living

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      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$80,781$6,732$1,885$2,424
      Renters$55,980$4,665$1,306$1,680

      Indiana Sales Tax

      State General Sales Tax With Max Surtax
      Indiana 7% 7%

      Indiana Income Tax

      State Income Tax (Low) Income Tax (High)
      Indiana 3.15% 3.15%

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      Gaston, IN8858019.9%
      Fowlerton, IN2498119.5%
      Frankton, IN2,1548416.4%

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      Rising Sun, IN2,1548415.7%
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      Hawley, MN2,154991.2%
      Frankton, IN2,1548416.4%
      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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