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Cost of Living in Franklin, MI

218.8
Very Expensive · National average is 100

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$178,167
Median Income
$3,343/mo
Median Rent
$710,700
Median Home
2,653
Population

Cost Breakdown

🏠Housing
250.4
0Nat'l Avg (100)200
🛒Groceries
209.5
0Nat'l Avg (100)200
🚗Transportation
227.7
0Nat'l Avg (100)200
🏥Healthcare
185.8
0Nat'l Avg (100)200
⚡Utilities
215.8
0Nat'l Avg (100)200

Fair Market Rents (HUD)

Some values estimated
Studio1 BR2 BR3 BR4 BR
$2,608
est.
$2,942
est.
$3,343$4,279
est.
$4,881
est.

Est. values are derived from the census median rent using national HUD bedroom ratios. Actual HUD Fair Market Rents may differ.

Nearby Cities

Compare Franklin with cities in the area

Bingham Farms, MI
Expensive
149.8
Southfield, MI
Affordable
94
Beverly Hills, MI
Expensive
133.1
Farmington Hills, MI
Above Average
111.8
Lathrup Village, MI
Above Average
108
Birmingham, MI
Very Expensive
168.7
Compare Franklin vs Bingham FarmsCompare Franklin vs SouthfieldCompare Franklin vs Beverly Hills