Indianapolis

Cost of living in Franklin

Composed in-house · four inputs · 14% of the overall score
B
76/100
8th of 23
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The four inputs
Housing cost index92
Indianapolis 10045% · scores 83
Effective property tax rate0.81%
Indianapolis 0.82%25% · scores 80
Utilities95
Indianapolis 10020% · scores 65
Local sales tax7.00%
Indianapolis median 7.00%10% · scores 60
Vertical rule marks the Indianapolis reference. Composed in-house · ACS 2020–24. Every scale is on the methodology page.

Best Indianapolis suburbs for cost of living

All 23 ranked, Franklin highlighted
1MartinsvilleA−$163,4002AndersonA−$119,0003LebanonB+$195,6004ShelbyvilleB+$174,7005SpeedwayB+$228,6006GreenfieldB+$216,4007Beech GroveB$182,6008FranklinB$231,5009GreenwoodB$276,10010Indianapolis city (balance)B$224,80011LawrenceB$230,10012McCordsvilleB$345,40013PlainfieldB−$280,60014BrownsburgB−$309,40015DanvilleB−$298,20016NoblesvilleC+$349,70017AvonC+$323,80018WestfieldC+$425,70019FishersC$391,00020WhitestownC$373,50021CarmelC$486,80022BargersvilleC−$438,90023ZionsvilleC−$587,800
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Better than Franklin on cost of living

Franklin grades B on cost of living. Four suburbs are within 25 miles and score higher on the same four inputs.

SuburbCost of livingMedian home valueEff. tax rateOverall
Martinsville21 mi from FranklinA−$163k0.59% 53 C− Shelbyville15 mi from FranklinB+$175k0.83% 55 C− Speedway23 mi from FranklinB+$229k0.94% 67 C+ Beech Grove15 mi from FranklinB$183k0.98% 52 D+
Cost-of-living index composed in-house from housing cost, utilities, effective property tax and local sales tax · Median home value: ACS 2020–24 · Effective property tax: ACS 2020–24