Cost of Living in Franklin Town, MA
Population 33,067 · Massachusetts · Data vintage 2023
(100 = US avg)
Home prices in Franklin Town run well above the national baseline, with a median of $567,000, though local incomes keep the cost-to-earnings ratio tighter than in coastal metros with comparable sticker prices. Median household earnings of $142,788 place the city among the better-paid Massachusetts metros.
Geographically, Franklin Town sits roughly 20 miles north of Providence. Median home values run roughly 76% higher than Providence's $323,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Franklin Town
The median home value in Franklin Town is $567,100 — 86% above the national median of $305,000. Median rent runs $1,856/month, 41% higher than the national median of $1,314/month. The median household income of $142,788/year is 91% higher than the US median of $74,580. The local unemployment rate is 5.1%, above the national average of 4.8%. Massachusetts's top state income tax rate is 9.0% and the combined sales tax is 6.3%. Overall, Franklin Town has a cost of living index of 168 versus the US average of 100, meaning it is 68% more expensive.
🏠 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
💨 Air Quality
EPA AQS 2023 — county-level monitoring data
Frequently Asked Questions
What is the cost of living in Franklin Town, MA?
Franklin Town has a cost index of 168 (100 = national average). It is 68% above the national average.
What is average rent in Franklin Town, MA?
The median gross rent in Franklin Town is $1,856 per month based on 2023 Census data.
What is the average home price in Franklin Town?
The median home value in Franklin Town is $567,100 according to 2023 Census ACS data.
What is the median income in Franklin Town?
The median household income in Franklin Town is $142,788 per year (2023 ACS 5-year estimates).
What is the sales tax in Franklin Town, MA?
The combined state and local sales tax rate in Franklin Town is 6.3%. The Massachusetts state income tax top rate is 9.0%.
Is Franklin Town, MA affordable?
Franklin Town is above average in cost of living, with an index of 168 — about 68% higher than the national average.
Franklin Town at a Glance
- Population
- 33,067
- Median Income
- $142,788
- Home Value
- $567,100
- Median Rent
- $1,856/mo
- Unemployment
- 5.1%
- Sales Tax
- 6.3%
Nearby Cities
Explore county-level cost of living data
Massachusetts Rankings
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