Housing costs in New Franklin?
A typical home costs
$204,800, which is 39.4% less expensive than the national average of
$338,100 and 4.0% more expensive than the average Ohio home, at
$197,000. Renting a two-bedroom unit in New Franklin costs
$1,010 per month, which is 29.4% cheaper than the national average of
$1,430 and 3.0% more than the state average of
$980.
Can I afford New Franklin?
To live comfortably in New Franklin, Ohio, a minimum annual income of
$39,240 for a family, and
$31,600 for a single person is recommended.
What does A.I. say about New Franklin?
The cost of living in New Franklin, OH is quite reasonable. The median home price is just over $140,000, which is much lower than the national median. The unemployment rate is significantly lower than the national average at only 4.2%, helping to keep wages and prices stable. Overall, there are plenty of amenities and economic opportunities within the city that make it an attractive place to live for those on a budget.