Cost Of Living
The cost of living in this region is notably lower than the national average, encompassing everyday goods, housing, utilities, transportation and health care expenses.
Crime
The crime rate is far lower than the national average per 100,000 residents. As such, it should be considered a very safe place to live when compared to other areas.
Housing
High scores in the housing category are attributed to this area, possibly pointing to a favorable home affordability ratio, robust appreciation rates or elevated home values.
Amenities
A large portion of amenities are not ideally situated within walking distance, potentially requiring residents to utilize a vehicle or public transportation.
Commute
Access to public transportation in this particular area may be limited, which can result in longer-than-average commute times to reach workplaces.
Health & Safety
A low health and safety score may be attributed to factors such as subpar air quality and the unavailability of certain health-related facilities like hospitals, clinics, doctors and pharmacies.
Franklin, Indiana is a moderately-sized city with a population of 25,276 residents. At 94%, the majority of the Franklin population is White; this is followed by 3% Black and 1% Asian. The average American spends about 26 minutes on their one way commute to work each day. Lower travel times can increase overall happiness and allow for more time to be spent with family and friends. While living in Franklin, your commute times will be about average, with a one way commute time of 25 minutes.
If you’re considering relocating to any new city, it could be a very intimidating task. However, it could also be a positive experience if you are willing to get to know the area before actually living in Franklin, Indiana. When searching for a new neighborhood, several key items should be considered. Safety is of utmost importance, ensuring a secure environment with low crime. Proximity to your workplace or school helps reduce commuting time and offers convenience. Access to amenities such as parks, grocery stores, and healthcare facilities enhances your daily life. Public transportation options contribute to easy mobility. A sense of community fosters a supportive and engaging environment. Lastly, the overall atmosphere should align with your desired lifestyle, ensuring a fulfilling living experience. Considering these items will guide you towards finding the perfect neighborhood that fits all your needs. Using the livability score which includes data from categories like amenities, commute, housing, you can easily compare the best places to live in Franklin and also determine if there are any nearby cities that might be a better match for your lifestyle. You can also compare Franklin to Indiana and the national average.
The livability score in Franklin is 64 out of 100 and the city is ranked in the 56th percentile of all cities across America. If we probe a little deeper into each category within the livability score, we see that Franklin has higher than average rankings for the following: crime (A+), cost of living (A+) and housing (A+). There is at least one category that did not score well in Franklin. The following was graded with a less than perfect score: amenities (F).
Ensuring a sense of security is paramount for the majority of residents in any area. Low crime rates exert a positive influence on various aspects, including home prices, rates of home appreciation and the cultivation of positive community dynamics and social cohesion. In the case of Franklin, it boasts a notably low violent crime rate of 82 crimes per 100,000 residents, which significantly outperforms the national average.
For home buyers, real estate will be the largest purchase they will ever make and it will also be their most valuable asset. For renters, the monthly rent paid on their Franklin apartments will most likely be their largest expense. Based on tangible metrics like home and rental affordability and appreciation rates, housing in this area has received a score that is well above the average of every other US city. A thriving real estate market can also generate strong local economic activity and job creation.
Assuming that Franklin meets all of your requirements like low crime rates, good schools and great local amenities, the next most important item to examine is the affordability of real estate in Franklin. Everything else becomes a lot less important if it turns out that home prices in Franklin are simply unattainable. The median home price for Franklin homes is $145,200, which is 14.8% higher than the Indiana average. If we take a closer look at the affordability of homes in Franklin, we’ll see that the home price to income ratio is 2.4, which is 4% lower than the Indiana average.
| Statistic | Franklin | Indiana | National |
| Average one way commute | 25min | 23min | 26min |
| Workers who drive to work | 82.2% | 83.0% | 76.4% |
| Workers who carpool | 9.5% | 8.9% | 9.3% |
| Workers who take public transit | 0.9% | 1.1% | 5.1% |
| Workers who bicycle | 0.2% | 0.5% | 0.6% |
| Workers who walk | 1.6% | 2.1% | 2.8% |
| Working from home | 5.2% | 3.5% | 4.6% |
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