Housing costs in Franklin?
A typical home costs
$312,200, which is 7.7% less expensive than the national average of
$338,100 and 13.8% less expensive than the average Connecticut home, at
$362,100. Renting a two-bedroom unit in Franklin costs
$1,290 per month, which is 9.8% cheaper than the national average of
$1,430 and 28.7% cheaper than the state average of
$1,660.
Can I afford Franklin?
To live comfortably in Franklin, Connecticut, a minimum annual income of
$59,760 for a family, and
$41,600 for a single person is recommended.
What does A.I. say about Franklin?
Franklin, CT has a fairly reasonable cost of living compared to many other towns in the state. The median home value is just under $250,000, and monthly rent for apartments averages around $1,000. Groceries are slightly above average but still affordable when compared to other parts of Connecticut. Utility costs are also on par with most places in the state as well. All in all, Franklin is an affordable and attractive option for those looking for a place to live in Connecticut.