Cost Of Living in Franklinton, LA

The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index	Franklinton	Louisiana	National
Cost of living	87	91	100
Goods & Services	95	96	100
Groceries	96	95	100
Health care	98	99	100
Housing	72	81	100
Transportation	93	96	100
Utilities	81	84	100

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Cost Of Living Quick Facts

The cost of living in Franklinton is 4% lower than the Louisiana average
The cost of living in Franklinton is 13% lower than the national average
Franklinton housing is 28% lower than the national average
Louisiana general sales tax is 13% lower than the national average
Louisiana state income tax is 29% lower than the national average

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Price difference in compared to

Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$49,097	$4,091	$1,146	$1,473
Renters	$15,313	$1,276	$357	$459

A good way to judge both the affordability of the housing and the cost of living in Franklinton is by simply calculating the maximum that should be spent on housing, otherwise known as the debt-to-income ratio (DTI). The plan is to avoid spending more than 28 percent of the gross income on costs that pertain to housing and no more than 36 percent on all expenses and debts. Franklinton has a median income of about $49,097 for people who own homes. Based on that number, a maximum of $1,146 should be spent on expenses related to housing. Renters have a slightly different median income, which is $15,313. Based on this average, renters should spend no more than $357 on all rental costs if they want to maintain a non-impoverished standard of living.

Louisiana Sales Tax

State	General Sales Tax	With Max Surtax
Louisiana	4.45%	11.45%

Louisiana Income Tax

State	Income Tax (Low)	Income Tax (High)
Louisiana	1.85%	4.25%

Goods & Services

Item	Franklinton	National avg.	Difference
Haircut	$24.85	$24.26	2.4%
Beauty Salon	$46.92	$45.56	3.0%
Toothpaste	$3.72	$3.70	0.4%
Shampoo	$1.19	$1.28	6.9%
Movie	$11.93	$12.13	1.7%
Bowling	$19.00	$18.00	5.6%

Groceries

Item	Franklinton	National avg.	Difference
Ground Beef	$5.61	$5.84	3.9%
Fried Chicken	$1.68	$1.57	6.5%
Milk	$4.53	$4.67	3.0%
Potatoes	$5.12	$4.93	3.7%
Pizza	$10.95	$12.09	9.4%
Beer	$9.71	$10.41	6.8%

Health Care

Item	Franklinton	National avg.	Difference
Optometrist	$95.65	$125.68	23.9%
Doctor	$125.52	$135.78	7.6%
Dentist	$122.39	$113.29	8.0%
Ibuprofen	$10.07	$10.65	5.5%
Lipitor	$463.70	$468.60	1.0%

Housing

Item	Franklinton	National avg.	Difference
Home Price	$134,100.00	$184,700.00	27.4%
Avg. Mortgage Payment	$1,456.60	$2,346.69	37.9%
Apartment Rent	$662.00	$949.00	30.2%

Transportation

Item	Franklinton	National avg.	Difference
Gasoline	$3.18	$3.46	8.0%
Tire Balancing	$57.42	$59.92	4.2%

Utilities

Item	Franklinton	National avg.	Difference
All Electricity	$136.13	$193.99	29.8%
Phone	$187.85	$192.25	2.3%

Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City	Population	Cost of Living Index	National Avg.
Sun, LA	521	80	19.6%
Folsom, LA	841	93	7.4%
Franklinton, LA	3,709	87	13.3%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
North El Monte, CA	3,709	175	74.8%
Shingle Springs, CA	3,710	149	49.5%
Emmetsburg, IA	3,706	88	11.7%
L'Islet, QC	3,712	n/a
Odenville, AL	3,705	91	8.9%
Franklinton, LA	3,709	87	13.3%

Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.

Cost of Living in Franklinton, LA