Cost of Living in Franklin, NH
Population 8,757 · New Hampshire · Data vintage 2023
(100 = US avg)
Franklin sits on the smaller end of the New Hampshire city distribution. That scale shapes the housing market, the labor pool, and the services available to residents in ways the data below makes visible.
Located 35 miles northwest of Manchester, Franklin falls within that metro's commuting orbit. Median home values run roughly 28% lower than Manchester's $336,000.
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 $243,800 — 20% below the national median of $305,000. Median rent runs $1,088/month, 17% lower than the national median of $1,314/month. The median household income of $69,870/year is 6% lower than the US median of $74,580. The local unemployment rate is 4.6%, below the national average of 4.8%. New Hampshire charges no state income tax, a meaningful advantage for take-home pay. The climate averages highs of 58.3°F and lows of 36.1°F, with about 67.7" of annual snowfall. Overall, Franklin has a cost of living index of 81 versus the US average of 100, meaning it is 19% 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 | 32 | 35 | 44 | 58 | 69 | 78 | 83 | 82 | 74 | 61 | 48 | 37 |
| Low °F | 13 | 15 | 23 | 33 | 44 | 54 | 59 | 57 | 49 | 38 | 29 | 20 |
| Precip" | 2.80 | 2.75 | 3.28 | 3.43 | 3.47 | 3.77 | 3.62 | 3.63 | 3.63 | 4.43 | 3.44 | 3.70 |
| Snow" | 17.1 | 16.9 | 13.6 | 2.5 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.8 | 2.5 | 14.3 |
💨 Air Quality
EPA AQS 2023 — county-level monitoring data
🏫 Schools
NCES CCD 2019 — public school district data
Frequently Asked Questions
What is the cost of living in Franklin, NH?
Franklin has a cost index of 81 (100 = national average). It is 19% below the national average.
What is average rent in Franklin, NH?
The median gross rent in Franklin is $1,088 per month based on 2023 Census data.
What is the average home price in Franklin?
The median home value in Franklin is $243,800 according to Zillow and Census data.
What is the median income in Franklin?
The median household income in Franklin is $69,870 per year (2023 ACS 5-year estimates).
What is the sales tax in Franklin, NH?
The combined state and local sales tax rate in Franklin is 0.0%. New Hampshire has no state income tax.
Is Franklin, NH affordable?
Yes, Franklin is generally considered affordable, with a cost of living index of 81 — about 19% below the US national average of 100.
What is the weather like in Franklin?
Franklin has average high temperatures of 58.3°F and average lows of 36.1°F. Annual precipitation is 42". Average annual snowfall is 67.7". Data from NOAA 1991–2020 Climate Normals.
Franklin at a Glance
- Population
- 8,757
- Median Income
- $69,870
- Home Value
- $243,800
- Median Rent
- $1,088/mo
- Unemployment
- 4.6%
- Avg High Temp
- 58.3°F
- Sales Tax
- 0.0%
Nearby Cities
Explore county-level cost of living data
New Hampshire Rankings
Similar Cost Cities
Cities in other states with comparable housing costs