Housing costs in Franklin?
A typical home costs
$224,900, which is 33.5% less expensive than the national average of
$338,100 and 14.2% more expensive than the average Ohio home, at
$197,000. Renting a two-bedroom unit in Franklin costs
$1,050 per month, which is 26.6% cheaper than the national average of
$1,430 and 6.7% more than the state average of
$980.
Can I afford Franklin?
To live comfortably in Franklin (zip 45005), Ohio, a minimum annual income of
$43,200 for a family, and
$32,000 for a single person is recommended.
What does A.I. say about Franklin?
The cost of living in 45005 Franklin, OH is relatively low compared to the national average. Housing costs are especially attractive with the median price of a home about $130,000. This is well below the national median. Utilities are also lower than average, with electricity and natural gas averages about 10% less than the U.S. average and water costs almost half of what other areas charge. Groceries are also reasonably priced in this area, with prices for most items comparable to those found throughout Ohio and slightly cheaper than many other parts of the country. Overall, 45005 Franklin is an affordable place to live for those looking for a comfortable lifestyle without breaking the bank.