Cost of Living in Franklinton, LA

With a cost of living index of 76, Franklinton, LA is a very affordable place to live. Living here is 24% cheaper than the national average and in line with the Louisiana state average. Franklinton is a small community of 3,615 residents.

Housing costs are the biggest factor in Franklinton's cost of living. The median monthly rent is $930 (29% below the US median of $1,319), and the median home value sits at $187,500 (39% below the national median of $304,900). At current prices, the median home costs roughly 5.8x the median household income — a stretch for many buyers, though not uncommon in today's market.

The median household income in Franklinton is $32,339, which is 57% lower than the national median of $75,149. Residents spend roughly 35% of household income on rent. This exceeds the recommended 30% threshold, meaning many renters here are cost-burdened. Lower incomes here are balanced by the significantly lower cost of living, stretching each dollar further.

Everyday prices in the Slidell-Mandeville-Covington, LA (Metropolitan Statistical Area) metro area are generally below the national average. Out of 6 common items tracked by the Bureau of Labor Statistics, 6 are priced lower 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.