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.
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.
Crime
This area exhibits elevated crime rates per 100,000 residents, which may suggest it's a potentially unsafe place to reside. These rates encompass both property and violent crimes.
Located in the state of Ohio, Franklin is a mid-sized city with a population of 11,878 residents. At 95%, the majority of the Franklin population is White; this is followed by 1% Black and 1% Asian.
Whether you’re moving to a new town to be closer to family, friends or for a new job, living in Franklin could be a positive experience compared to other cities in Ohio if you know where to look. Don't forget to determine what matters most to you in a neighborhood. Consider factors such as safety, proximity to work or school, access to amenities (like parks, fitness facilities, grocery stores, restaurants), public transportation options, community atmosphere and the overall vibe you're looking for. To help you find the best places to live in and around Franklin, AreaVibes has created a livability score using key metrics like cost of living, commute, health & safety, education, housing and more.
Using data and statistics Franklin has received a livability score of 68/100. This score is ranked in the 72nd percentile when compared to all other cities. If we examine each of the categories individually, we see that Franklin ranks well for cost of living (A+), education (B-) and housing (B+). There is at least one category that did not score well in Franklin. The following was graded with a concerning score: amenities (D-), crime (D) and employment (D).
The unemployment rate in Franklin has consistently declined over the years and currently stands well below the national average at 2.7%. This downward trend holds the potential to reduce poverty and inequality within the region, promote higher wage levels and stimulate greater economic growth. Such positive indicators signal the overall robust health of the local economy, offering a promising outlook for its residents and fostering an environment of financial well-being and prosperity.
Finding affordable real estate and housing in Franklin can be tricky. Having said that, this area might be the place to get the best of both worlds. Based on factors like home/rental affordability and appreciation rates, this area has received an above average score in the housing category. A healthy real estate market can lead to wealth appreciation for property owners, as rising property values can contribute to homeowners' equity, financial stability and the ability to build long-term wealth.
Franklin real estate prices and overall affordability will play a huge role in determining if the area is the right fit for you. Of course there are probably some other items on your “wish list”, but even before they are considered, let’s take a look at the home prices and affordability in Franklin. Median real estate prices in Franklin come in at $108,400, which is 17.8% lower than the Ohio average. The home price to income ratio compares the median home prices to the median household income. In Franklin, the home price to income ratio is 2.3, which is 11.5% lower than the Ohio average.
| Statistic | Franklin | Ohio | National |
| Average one way commute | 22min | 23min | 26min |
| Workers who drive to work | 86.5% | 83.4% | 76.4% |
| Workers who carpool | 7.1% | 7.8% | 9.3% |
| Workers who take public transit | 0.2% | 1.7% | 5.1% |
| Workers who bicycle | 0.3% | 0.3% | 0.6% |
| Workers who walk | 1.6% | 2.3% | 2.8% |
| Working from home | 1.9% | 3.7% | 4.6% |
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