Cost of Living in Franklin, TX
Housing
The housing market plays a significant role in determining the cost of living in Franklin, TX.
- Housing Index: 98.2 / 100
- Median Home Price is: $212,000
- Average Rent (2 BR Apartment): $1563 per month
- Average Rent (2 BR House): $1699 per month
In Franklin, TX, the housing index sits at 98.2, indicating a competitive but affordable market. With a median home price of 212000 and monthly rents of 1563 for an apartment and 1699 for a house, the options present both renting and buying as feasible choices. This landscape makes Franklin homey for families and young professionals alike. It’s important to weigh your lifestyle and budget when considering a move, but the financial environment here seems supportive for many buyers and renters.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Franklin, TX.
- Electricity Price: $14.47 USD (median by state)
- Natural Gas Price: $26.29 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $235 per month
Living in Franklin, TX could entail higher utility costs. Electricity costs sit at $14.47, while natural gas is priced at $26.29 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $235 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Franklin is a financially viable option for your relocation.