Cost of living in Franklin
Franklin, located in North Carolina, offers a unique blend of small-town charm and modern amenities. Understanding the cost of living in Franklin is crucial for anyone considering a move to this picturesque town.
This guide provides a detailed breakdown of expenses, including housing, dining, transportation, and more, to help you plan your budget effectively.
Cost of Living Summary
Dining and Restaurants
- Inexpensive Restaurant Meal - A meal at a casual restaurant will typically cost $21 on average, with a range between $15 and $50.
- Mid-Range Restaurant (Three-Course Meal for Two) - For a more upscale dining experience, expect to pay around $60, with prices ranging from $50 to $110.
- Fast Food (e.g., McDonald's) - A McMeal or equivalent combo meal averages $9, with a range between $8 and $10.
- Beverages (e.g., Domestic Beer, Imported Beer, Cappuccino, Coke/Pepsi) - Domestic beer ranges from $4 to $10, imported beer $7 to $10, cappuccino $3.75 to $8, and Coke/Pepsi $1.75 to $3.
Grocery Prices
- Milk - Milk is priced between $0.66 and $1.59 per liter, averaging $0.92.
- Bread (Loaf of Fresh White Bread) - A loaf of fresh white bread costs between $2.19 and $4.59, with an average price of $3.53.
- Eggs (Dozen) - A dozen eggs range from $1.79 to $6, averaging $5.15.
- Fruits (e.g., Apples, Oranges) - Apples cost $3.31 to $6.61 per kg, while oranges range from $2.84 to $5 per kg.
- Vegetables (e.g., Potatoes, Lettuce) - Potatoes are priced between $2.84 and $4.41 per kg, and lettuce costs $1.79 to $3 per head.
Transportation
- Fuel (Gasoline) - Gasoline is priced between $0.77 and $1 per liter.
- Taxi Fares - Taxi fares are fixed at $2.4 per km, with a waiting charge of $40 per hour.
- Car Purchase - A new Volkswagen Golf costs between $31,000 and $33,811, while a Toyota Corolla ranges from $24,458 to $29,000.
Housing Costs
- 1-Bedroom Apartment Rent (City Centre) - Data not provided for Franklin, NC.
- 1-Bedroom Apartment Rent (Outside Centre) - Data not provided for Franklin, NC.
- 3-Bedroom Apartment Rent (City Centre) - Data not provided for Franklin, NC.
- 3-Bedroom Apartment Rent (Outside Centre) - Data not provided for Franklin, NC.
- Buying Price per Square Meter (City Centre) - Data not provided for Franklin, NC.
- Buying Price per Square Meter (Outside Centre) - Data not provided for Franklin, NC.
Utilities
- Basic Utilities (Electricity, Heating, Water, etc.) - Basic utilities for an 85m2 apartment cost between $200 and $400, averaging $283.33.
- Internet - Internet services range from $60 to $80, with an average cost of $71.25.
Cost of Living Rankings
The cost of living indices for the United States are compared to New York City (NYC), which serves as the baseline with an index of 100. These provide insights into the relative cost of living in different cities in United States, covering factors like consumer goods, rent, and purchasing power.
Cost of Living Data
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"Key Takeaways"
Franklin, NC, offers a moderate cost of living with affordable dining options and reasonable grocery prices.
Transportation costs are manageable, especially for those who own a vehicle, given the competitive gasoline prices.
While specific housing data is unavailable, utility costs are relatively standard, and internet services are reasonably priced.
Conclusion
Overall, Franklin, NC, presents a balanced cost of living that can appeal to both individuals and families.
With its affordable dining and transportation options, Franklin is an attractive choice for those seeking a comfortable lifestyle without the high costs associated with larger cities.