Cost of Living in Franklinton, LA
Housing
The housing market plays a significant role in determining the cost of living in Franklinton, LA.
- Housing Index: 96.3 / 100
- Median Home Price is: $198,000
- Average Rent (2 BR Apartment): $1358 per month
- Average Rent (2 BR House): $1476 per month
In Franklinton, LA, the housing market presents an intriguing landscape with a median home price of 198000. Notably, the housing index of 96.3 indicates that housing stability may be a factor to consider. However, without rental price data available, specifically the average rent for 2-bedroom apartments (1358) and houses (1476), it's challenging to gauge the rental market's health. If you're contemplating a move here, consider that homeownership may be an attractive option given the median price, should renting opportunities become viable.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Franklinton, LA.
- Electricity Price: $11.42 USD (median by state)
- Natural Gas Price: $19.48 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $231 per month
Living in Franklinton, LA could entail higher utility costs. Electricity costs sit at $11.42, while natural gas is priced at $19.48 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $231 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 Franklinton is a financially viable option for your relocation.