Cost of Living in Franklinton, LA

Population 3,615 · Louisiana · Data vintage 2023

65
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

At $32,339, median household incomes in Franklinton land roughly 57% below the US median, a gap that tends to persist across local labor-market indicators. Around 29% of residents live below the federal poverty line, a rate that tends to correlate with the income and housing figures above.

Geographically, Franklinton is about 55 miles north of New Orleans, the nearest large metro. Median home values run roughly 37% lower than New Orleans' $296,000.

Cost Overview

Housing 61
Rent 71

Scale: 100 = US national average. Green < 90, Red > 110.

About the Cost of Living in Franklinton

The median home value in Franklinton is $187,500 — 39% below the national median of $305,000. Median rent runs $930/month, 29% lower than the national median of $1,314/month. The median household income of $32,339/year is 57% lower than the US median of $74,580. The local unemployment rate is 3.3%, 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 77.0°F and lows of 55.3°F. Overall, Franklinton has a cost of living index of 65 versus the US average of 100, meaning it is 35% less expensive.

🏠 Housing

Median Home Value
$187,500
39% below avg
Zillow Home Value
$174,258
Zillow ZHVI
Median Rent
$930/mo
29% below avg
Price-to-Rent Ratio
16.8x
Favors buying
Property Tax Rate
0.6%
Effective rate

HUD Fair Market Rents by Bedroom

Studio
$731
1 BR
$816
2 BR
$988
3 BR
$1,280
4 BR
$1,513
Owner-occupied 48.8%
Renter-occupied 51.2%

💰 Estimated Monthly Budget

Rent median rent
$930
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,544/mo

Estimates based on median data and national averages. Actual costs vary.

🛒 Food & Groceries

National BLS average prices (2023). Local prices may vary.

🥚
Eggs (dozen)
$0.548
🍞
White Bread (lb)
$1.912
🥩
Ground Beef (lb)
$5.61

🚗 Transportation

Avg Commute
33.0 min
22% above avg
Gas Price
$3.145/gal
0% below avg
Work From Home
7.0%

Commute Mode

Drove alone
82.4%
Carpooled
0.8%
Walked
6.8%
Work from home
7.0%

Utilities

Electricity
$0.176/kWh
0% below avg

📋 Taxes

State Income Tax 4.3%
Total Sales Tax 9.5%
State rate 4.5%
Avg local rate 5.1%
Property Tax 0.6%

💼 Income & Employment

Median Household Income
$32,339
57% below avg
Per Capita Income
$29,576
Unemployment Rate
3.3%
31% below avg
Poverty Rate
28.6%
Labor Force Participation
60.6%

🎓 Education

Bachelor's degree+ 5.7%
Graduate degree 3.4%

👥 Demographics

Median Age 39.8
Male median age 41.9
Female median age 39.6

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
77.0°F
Avg Low
55.3°F
Annual Precip
60.6"
Annual Snowfall
0.2"
30° 48° 65° 83° 100° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 606471778489919187796962
Low °F 384248546269717167564541
Precip" 6.405.135.515.024.555.185.955.834.303.793.915.03
Snow" 0.00.00.10.00.00.00.00.00.00.00.00.1

🏫 Schools

NCES CCD 2019 — public school district data

88%
4-Year Graduation Rate
17.9:1
Student-teacher ratio
10
Public schools
5,090
Total enrollment

Frequently Asked Questions

What is the cost of living in Franklinton, LA?

Franklinton has a cost index of 65 (100 = national average). It is 35% below the national average.

What is average rent in Franklinton, LA?

The median gross rent in Franklinton is $930 per month based on 2023 Census data.

What is the average home price in Franklinton?

The median home value in Franklinton is $187,500 according to Zillow and Census data.

What is the median income in Franklinton?

The median household income in Franklinton is $32,339 per year (2023 ACS 5-year estimates).

What is the sales tax in Franklinton, LA?

The combined state and local sales tax rate in Franklinton is 9.5%. The Louisiana state income tax top rate is 4.3%.

Is Franklinton, LA affordable?

Yes, Franklinton is generally considered affordable, with a cost of living index of 65 — about 35% below the US national average of 100.

What is the weather like in Franklinton?

Franklinton has average high temperatures of 77.0°F and average lows of 55.3°F. Annual precipitation is 60.6". Average annual snowfall is 0.2". Data from NOAA 1991–2020 Climate Normals.

Franklinton at a Glance

Population
3,615
Median Income
$32,339
Home Value
$187,500
Median Rent
$930/mo
Unemployment
3.3%
Avg High Temp
77.0°F
Sales Tax
9.5%
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