Cost of Living in Franklin, OH
Population 11,670 · Ohio · Data vintage 2023
(100 = US avg)
Franklin sits on the smaller end of the Ohio city distribution. That scale shapes the housing market, the labor pool, and the services available to residents in ways the data below makes visible. The labor market has been unusually tight, with unemployment around 3.0% — below most comparable cities in the state.
Located 15 miles southwest of Dayton, Franklin falls within that metro's commuting orbit. Median home values run roughly 83% higher than Dayton's $93,000.
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 $170,800 — 44% below the national median of $305,000. Median rent runs $976/month, 26% lower than the national median of $1,314/month. The median household income of $58,134/year is 22% lower than the US median of $74,580. The local unemployment rate is 3.0%, below the national average of 4.8%. Ohio's top state income tax rate is 3.8% and the combined sales tax is 7.2%. The climate averages highs of 64.2°F and lows of 44.0°F. Overall, Franklin has a cost of living index of 63 versus the US average of 100, meaning it is 37% less 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
🌤 Climate
NOAA 1991–2020 Climate Normals
| Month | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| High °F | 39 | 43 | 53 | 65 | 75 | 83 | 86 | 85 | 79 | 67 | 54 | 43 |
| Low °F | 22 | 25 | 33 | 43 | 53 | 62 | 65 | 63 | 56 | 45 | 35 | 27 |
| Precip" | 2.91 | 2.33 | 3.48 | 4.37 | 4.21 | 4.90 | 3.63 | 2.81 | 2.97 | 3.02 | 3.13 | 3.21 |
💨 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, OH?
Franklin has a cost index of 63 (100 = national average). It is 37% below the national average.
What is average rent in Franklin, OH?
The median gross rent in Franklin is $976 per month based on 2023 Census data.
What is the average home price in Franklin?
The median home value in Franklin is $170,800 according to Zillow and Census data.
What is the median income in Franklin?
The median household income in Franklin is $58,134 per year (2023 ACS 5-year estimates).
What is the sales tax in Franklin, OH?
The combined state and local sales tax rate in Franklin is 7.2%. The Ohio state income tax top rate is 3.8%.
Is Franklin, OH affordable?
Yes, Franklin is generally considered affordable, with a cost of living index of 63 — about 37% below the US national average of 100.
What is the weather like in Franklin?
Franklin has average high temperatures of 64.2°F and average lows of 44.0°F. Annual precipitation is 41". Data from NOAA 1991–2020 Climate Normals.
Franklin at a Glance
- Population
- 11,670
- Median Income
- $58,134
- Home Value
- $170,800
- Median Rent
- $976/mo
- Unemployment
- 3.0%
- Avg High Temp
- 64.2°F
- Sales Tax
- 7.2%
Nearby Cities
Explore county-level cost of living data
Ohio Rankings
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