Cost of Living in Franklin Park, FL

With a cost of living index of 97, Franklin Park, FL is slightly more affordable than average. Living here is 3% cheaper than the national average and 13% below the Florida state average of 110. Franklin Park is a small community of 2,018 residents.

The median household income in Franklin Park is $34,391, which is 54% lower than the national median of $75,149. Residents spend roughly 38% of household income on rent. This exceeds the recommended 30% threshold, meaning many renters here are cost-burdened.

Everyday prices in the Miami-Fort Lauderdale-West Palm Beach, FL (Metropolitan Statistical Area) metro area tend to run above the national average. Out of 6 common grocery and utility items tracked by the Bureau of Labor Statistics, 5 are priced higher than the US average. These real-world prices — from groceries to electricity — add up and should be factored into any cost of living comparison.

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.