Cost of living in Franklin
Franklin, TN, is a vibrant city known for its rich history and charming atmosphere. Understanding the cost of living here is crucial for anyone considering a move or planning to budget effectively.
This guide provides a detailed breakdown of expenses in Franklin, covering everything from dining and groceries to housing and transportation.
Cost of Living Summary
Dining and Restaurants
- Inexpensive Restaurant Meal - A meal at a casual restaurant will typically cost $28 on average, with a range between $15 and $38.
- Mid-Range Restaurant (Three-Course Meal for Two) - For a more upscale dining experience, expect to pay around $80, with prices ranging from $60 to $180.
- Fast Food (e.g., McDonald's) - A McMeal or equivalent combo meal averages $11.8, with a range between $10 and $12.
- Beverages (e.g., Domestic Beer, Imported Beer, Cappuccino, Coke/Pepsi) - Domestic beer ranges from $6 to $8, imported beer $7 to $8, cappuccino $4.5 to $7, and Coke/Pepsi $2.5 to $4.
Grocery Prices
- Milk - Milk is priced between $0.79 and $1.85 per liter, averaging $1.32.
- Bread (Loaf of Fresh White Bread) - A loaf of fresh white bread costs between $3.36 and $4.4, with an average price of $3.88.
- Eggs (Dozen) - A dozen eggs average $7.
- Fruits (e.g., Apples) - Apples cost $4.43 per kg.
- Vegetables (e.g., Lettuce) - Lettuce costs $2.5 per head.
Transportation
- Public Transport (One-Way Ticket) - A one-way local transport ticket costs $1.
- Fuel (Gasoline) - Gasoline is priced between $0.72 and $0.87 per liter.
Housing Costs
- 1-Bedroom Apartment Rent (City Centre) - Rent for a 1-bedroom apartment in the city centre ranges from $1250 to $2000, averaging $1750.
- 1-Bedroom Apartment Rent (Outside Centre) - Outside the centre, rent ranges from $1500 to $1925, averaging $1771.67.
- 3-Bedroom Apartment Rent (City Centre) - Rent for a 3-bedroom apartment in the city centre ranges from $2500 to $2900, averaging $2700.
- 3-Bedroom Apartment Rent (Outside Centre) - Outside the centre, rent ranges from $2200 to $2500, averaging $2350.
- Buying Price per Square Meter (City Centre) - The price per square meter to buy an apartment in the city centre averages $2799.
- Buying Price per Square Meter (Outside Centre) - Outside the centre, the price per square meter averages $2799.
Utilities
- Basic Utilities (Electricity, Heating, Water, etc.) - Basic utilities for an 85m2 apartment cost between $145.07 and $300, averaging $222.53.
- Internet - Internet services range from $50 to $100, with an average cost of $75.
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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Transportation
Transportation
Rent Per Month
Rent Per Month
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Sports And Leisure
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Clothing And Shoes
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Buy Apartment Price
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Salaries And Financing
Salaries And Financing
Childcare
Childcare
"Key Takeaways"
Franklin, TN, offers a diverse range of living costs, with dining and housing being significant expenses.
While housing costs are relatively high, especially in the city centre, transportation and utilities remain affordable.
Grocery prices are moderate, with some items like eggs being notably higher.
Conclusion
In conclusion, Franklin, TN, presents a mixed cost of living scenario with high housing costs but manageable expenses in other areas.
Prospective residents should budget carefully, especially for housing, while taking advantage of the affordable transportation and utility costs.