Housing costs in Franklin?
A typical home costs
$232,400, which is 31.3% less expensive than the national average of
$338,100 and 9.5% more expensive than the average Missouri home, at
$212,300. Renting a two-bedroom unit in Franklin costs
$770 per month, which is 46.2% cheaper than the national average of
$1,430 and 23.4% cheaper than the state average of
$950.
Can I afford Franklin?
To live comfortably in Franklin, Missouri, a minimum annual income of
$44,640 for a family, and
$23,600 for a single person is recommended.
What does A.I. say about Franklin?
Franklin, MO is a great place to live with its low cost of living compared to other towns in the area. The estimated overall cost of living is around 10% lower than the U.S. average and housing costs are particularly low, with an estimated 19% below the national average. Utilities such as electricity and water tend to be slightly higher but still remain very affordable. With a wide variety of restaurants, stores, and entertainment options, there's something for everyone at a price that won't break the bank.