Cost of Living in Franklin, LA
Population 6,557 · Louisiana · Data vintage 2023
(100 = US avg)
Household incomes in Franklin run well below national norms — a median of $46,278 versus the $74,580 US figure. Housing costs partially offset that gap (typical home values around $98,000). Around 29% of residents live below the federal poverty line, a rate that tends to correlate with the income and housing figures above.
Located 45 miles southeast of Lafayette, Franklin falls within that metro's commuting orbit. Median home values run roughly 61% lower than Lafayette's $251,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Franklin
The median home value in Franklin is $98,200 — 68% below the national median of $305,000. Median rent runs $861/month, 34% lower than the national median of $1,314/month. The median household income of $46,278/year is 38% lower than the US median of $74,580. The local unemployment rate is 0.8%, below the national average of 4.8%. Louisiana's top state income tax rate is 4.3% and the combined sales tax is 9.5%. The climate averages highs of 77.7°F and lows of 62.1°F. Overall, Franklin has a cost of living index of 46 versus the US average of 100, meaning it is 54% less expensive.
Franklin has limited residential data
Detailed housing and income data is limited for this location. Here are the nearest cities with full cost of living data:
🏠 Housing
HUD Fair Market Rents by Bedroom
💰 Estimated Monthly Budget
Estimates based on median data and national averages. Actual costs vary.
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
🌤 Climate
NOAA 1991–2020 Climate Normals
| Month | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| High °F | 62 | 65 | 71 | 77 | 83 | 89 | 90 | 91 | 88 | 81 | 72 | 64 |
| Low °F | 46 | 48 | 55 | 62 | 70 | 75 | 77 | 76 | 73 | 64 | 53 | 47 |
Frequently Asked Questions
What is the cost of living in Franklin, LA?
Franklin has a cost index of 46 (100 = national average). It is 54% below the national average.
What is average rent in Franklin, LA?
The median gross rent in Franklin is $861 per month based on 2023 Census data.
What is the average home price in Franklin?
The median home value in Franklin is $98,200 according to Zillow and Census data.
What is the median income in Franklin?
The median household income in Franklin is $46,278 per year (2023 ACS 5-year estimates).
What is the sales tax in Franklin, LA?
The combined state and local sales tax rate in Franklin is 9.5%. The Louisiana state income tax top rate is 4.3%.
Is Franklin, LA affordable?
Yes, Franklin is generally considered affordable, with a cost of living index of 46 — about 54% below the US national average of 100.
What is the weather like in Franklin?
Franklin has average high temperatures of 77.7°F and average lows of 62.1°F. Data from NOAA 1991–2020 Climate Normals.
Franklin at a Glance
- Population
- 6,557
- Median Income
- $46,278
- Home Value
- $98,200
- Median Rent
- $861/mo
- Unemployment
- 0.8%
- Avg High Temp
- 77.7°F
- Sales Tax
- 9.5%
Nearby Cities
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Louisiana Rankings
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