Cost of Living in Franklin, AR
Population: 242 | Arkansas
Franklin is 23% less expensive than the national average.
Cost of Living in Franklin, AR: What You Need to Know
With a cost of living index of 77, Franklin, AR is a very affordable place to live. Living here is 23% cheaper than the national average and 7% above the Arkansas state average of 70. Franklin is a small community of 242 residents.
The median household income in Franklin is $54,500, which is 27% lower than the national median of $75,149. Lower incomes here are balanced by the significantly lower cost of living, stretching each dollar further.
Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.
Income
- Median Household Income
- $54,500
- vs US Median ($75,149)
- -27%
Housing
- Median Home Value
- $78,800
- Median Monthly Housing Cost
- $629/mo