Cost of Living in Franklin, IA
Population: 135 | Iowa
Franklin is 19% less expensive than the national average.
Cost of Living in Franklin, IA: What You Need to Know
With a cost of living index of 81, Franklin, IA is a very affordable place to live. Living here is 19% cheaper than the national average and 10% above the Iowa state average of 71. Franklin is a small community of 135 residents.
The median household income in Franklin is $47,500, which is 37% 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
- $47,500
- vs US Median ($75,149)
- -37%
Housing
- Median Home Value
- $116,500
- Median Monthly Housing Cost
- $663/mo