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.
Located in the state of Pennsylvania, Franklin is a smaller city with a population of 6,092 inhabitants. The majority of Franklin residents report their race to be White; this is followed by Black and Asian. If you are not a fan of long commutes, you will enjoy living in Franklin. With an average one way commute time of only 18 minutes, getting to and from work is a breeze compared to the national average of 26 minutes.
If you’re considering moving to any new city, it could be a very discouraging task. However, it could also be a fulfilling experience if you are willing to get to know the area before actually living in Franklin, Pennsylvania. 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. The best areas in Franklin and in surrounding cities are easier to find when you are able to make informed decisions. Using data from amenities, crime, health & safety, education, you will see a detailed breakdown of the most important information as well as comparisons to the Pennsylvania and national averages.
Using data and statistics Franklin has received a livability score of 66/100. This score is ranked in the 66th percentile when compared to all other cities. If we examine each of the categories on their own, we see that Franklin ranks well for cost of living (A+) and housing (A+). Unfortunately for Franklin, there are some categories for which it does not rank well, this includes: amenities (F) and employment (D-).
A healthy real estate market serves as a key economic indicator. It could signify overall local economic strength, stability and reflects consumer confidence in the area. Based on multiple factors including: median home and rental prices, appreciation rates and home affordability, Franklin has received high marks in the housing category. Based on these calculations, the apartment rental and real estate market appears to be very healthy.
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 $90,900, which is 45.8% lower than the Pennsylvania 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, which is 35.5% lower than the Pennsylvania average.
| Statistic | Franklin | Pennsylvania | National |
| Average one way commute | 18min | 26min | 26min |
| Workers who drive to work | 66.3% | 76.5% | 76.4% |
| Workers who carpool | 10.1% | 8.5% | 9.3% |
| Workers who take public transit | 1.4% | 5.6% | 5.1% |
| Workers who bicycle | 0.0% | 0.5% | 0.6% |
| Workers who walk | 11.2% | 3.8% | 2.8% |
| Working from home | 11.1% | 4.2% | 4.6% |
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