Cost Of Living in Franklin, ID

The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index	Franklin	Idaho	National
Cost of living	95	96	100
Goods & Services	101	101	100
Groceries	101	101	100
Health care	88	99	100
Housing	85	88	100
Transportation	100	105	100
Utilities	95	86	100

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Cost Of Living Quick Facts

The cost of living in Franklin is 1% lower than the Idaho average
The cost of living in Franklin is 5% lower than the national average
Franklin housing is 15% lower than the national average
Idaho general sales tax is 18% higher than the national average
Idaho state income tax is 123% higher than the national average

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Price difference in compared to

Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$51,150	$4,263	$1,193	$1,535
Renters	$32,958	$2,747	$769	$989

Idaho Sales Tax

State	General Sales Tax	With Max Surtax
Idaho	6%	8.5%

Idaho Income Tax

State	Income Tax (Low)	Income Tax (High)
Idaho	5.8%	5.8%

Goods & Services

Item	Franklin	National avg.	Difference
Haircut	$21.35	$24.26	12.0%
Beauty Salon	$52.17	$45.56	14.5%
Toothpaste	$3.64	$3.70	1.7%
Shampoo	$1.17	$1.28	8.6%
Movie	$11.20	$12.13	7.7%
Bowling	$16.97	$18.00	5.7%

Groceries

Item	Franklin	National avg.	Difference
Ground Beef	$6.18	$5.84	5.9%
Fried Chicken	$1.42	$1.57	10.0%
Milk	$4.68	$4.67	0.2%
Potatoes	$4.61	$4.93	6.7%
Pizza	$11.99	$12.09	0.8%
Beer	$11.03	$10.41	5.9%

Health Care

Item	Franklin	National avg.	Difference
Optometrist	$113.53	$125.68	9.7%
Doctor	$125.51	$135.78	7.6%
Dentist	$77.37	$113.29	31.7%
Ibuprofen	$10.71	$10.65	0.5%
Lipitor	$532.80	$468.60	13.7%

Housing

Item	Franklin	National avg.	Difference
Home Price	$146,500.00	$184,700.00	20.7%
Avg. Mortgage Payment	$2,471.79	$2,346.69	5.3%
Apartment Rent	$917.00	$949.00	3.4%

Transportation

Item	Franklin	National avg.	Difference
Gasoline	$3.51	$3.46	1.4%
Tire Balancing	$58.77	$59.92	1.9%

Utilities

Item	Franklin	National avg.	Difference
All Electricity	$176.12	$193.99	9.2%
Phone	$192.69	$192.25	0.2%

Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City	Population	Cost of Living Index	National Avg.
Cache, UT	120	99	0.8%
Dayton, ID	546	97	3.4%
Cornish, UT	211	98	2.3%
Preston, ID	5,477	98	2.3%
Trenton, UT	556	99	0.6%
Franklin, ID	706	95	5.2%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Sawmill, AZ	706	85	15.1%
Idaho City, ID	706	88	11.8%
Bakersville, NC	706	106	5.6%
Peconic, NY	706	187	87.4%
Timberlake, OH	706	95	4.7%
Franklin, ID	706	95	5.2%

Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.

Cost of Living in Franklin, ID