Franklin, WI

Yes — Franklin is about 12% more expensive than the national average, with an overall Cost Index of 112. Housing is the biggest factor: the typical home here is valued around $426,099, and monthly rents average roughly $1,325. Day-to-day costs like groceries and utilities tend to run closer to the national norm.

Start with housing. Typical monthly rent is $1,325, while local median household income is $108,342. That implies a rent-burden proxy of about 15% before utilities and other costs. For a specific job offer, filing status, or take-home pay scenario, use salary.city.

Wisconsin has a progressive state income tax with a top rate of 7.65%. The effective property tax rate is 1.76%. On a home worth $426,099, that translates to roughly $7,499 per year in property taxes. Sales tax (state + local) averages around 5.44% on everyday purchases.

The typical monthly rent in Franklin is around $1,325. That's close to the $1,348 national median. For comparison, the median home value here is $426,099, so buyers should also factor in mortgage payments, property taxes, and insurance.

The median home in Franklin is valued at $426,099. With 20% down and a 6.5% mortgage rate, you'd be looking at roughly $2,155/month for principal and interest alone — before property taxes and insurance. About 78% of residents here own their homes.

Grocery prices in Franklin are more affordable compared to the rest of the US (index: 94, where 100 is the national average). Utility bills (electricity, gas, water) are about typical (index: 92). Overall, these everyday costs shouldn't cause major surprises if you're moving from another similarly-sized US city.

Franklin is a smaller city with a population of about 35,751. The median age of residents is 43.2, skewing somewhat older — common in established suburban communities. The local poverty rate is 6.92%, well below the national average of 12.4%.