Housing costs in Franklin?
A typical home costs
$784,400, which is 132.0% more expensive than the national average of
$338,100 and 182.8% more expensive than the average Tennessee home, at
$277,400. Renting a two-bedroom unit in Franklin costs
$1,760 per month, which is 64.5% more than the national average of
$1,070 and 21.6% more than the state average of
$1,380.
Can I afford Franklin?
To live comfortably in Franklin (zip 37064), Tennessee, a minimum annual income of
$150,120 for a family, and
$62,400 for a single person is recommended.
What does A.I. say about Franklin?
The cost of living in 37064 Franklin, TN is very reasonable compared to other parts of the country. The median home price in the area is $346,000 and the median rent for a two-bedroom apartment is around $1,202 per month. Utilities such as gas, electric, and water are also reasonably priced. Additionally, food and other goods can be purchased at lower prices due to the low taxes in Tennessee. All of these factors make living in this area an affordable option for those looking to relocate or purchase a home.