Cost of Living in Franklin, WV
Housing
The housing market plays a significant role in determining the cost of living in Franklin, WV.
- Housing Index: 90.0 / 100
- Median Home Price is: $219,000
- Average Rent (2 BR Apartment): $1200 per month
- Average Rent (2 BR House): $1200 per month
When considering a move to Franklin, WV, the housing market presents a balanced profile. With a housing index of 90.0, the cost of living is relatively affordable. The median home price stands at 219000, which may appeal to homebuyers looking for value. Renting options also appear reasonable, with both the average rent for a 2-bedroom apartment and a house at 1200. Overall, whether buying or renting, Franklin offers a promising possibility for diverse living arrangements, particularly for young professionals and families seeking comfort and community.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Franklin, WV.
- Electricity Price: $15.48 USD (median by state)
- Natural Gas Price: $23.05 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $150 per month
Living in Franklin, WV could entail higher utility costs. Electricity costs sit at $15.48, while natural gas is priced at $23.05 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $150 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Franklin is a financially viable option for your relocation.