Franklin, VA Cost of Living & Utility Guide 2026

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Franklin, VA Utility & Living Guide

Living in Franklin, VA offers a charming small-town experience with a strong sense of community and a low cost of living.

Last updated: September 23, 2026

Total Utilities$250/mo

1BR Rent$900/mo

Sales Tax5.3%

COL Index94 (-6% below national average)

Family Score7/10

Median Home$240,000

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Franklin's economy is driven by its manufacturing and healthcare industries, with a growing focus on downtown revitalization and small business development. The city's low cost of living and affordable housing make it an attractive option for families and young professionals.

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🔌 Utilities

🏠 Housing

📊 Cost of Living

💰 Taxes

👨‍👩‍👧 Families

🧮 Tools

Monthly Utility Costs

⚡ Electric

$130/mo

Dominion Energy

🔥 Gas

—

N/A - Electric only

💧 Water

$40/mo

City of Franklin Department of Public Utilities

🗑️ Garbage

$20/mo

Waste Management

📶 Internet

$60/mo

Combined Average Overhead$250/month

Housing Market

Rent & Property
1 Bedroom	$900/mo
2 Bedrooms	$1200/mo
3 Bedrooms	$1600/mo
Median Home Price	$240,000
Property Tax Rate	1.04%
Avg Childcare/mo	$800

The housing market in Franklin is relatively affordable, with a range of options from historic homes to new constructions. The city has seen some growth in recent years, but prices remain lower than in larger nearby cities. Rentals are also available, including apartments and single-family homes.

Cost of Living

Overall COL Index

US national avg = 100

vs National Avg

-6% below national average

Groceries

Transportation

Healthcare

102

Childcare/mo

$800

Tax Rates

Tax Overview
Total Sales Tax	5.3%
Property Tax Rate	1.04%
<p>State 4.3% + Local 1%</p>

Virginia has a progressive state income tax with rates ranging from 2% to 5.75%

Family & Relocation

Family Vibe Score

7/10

Safety Index

Higher = safer

School Rating

7.2/10

GreatSchools avg

Avg Childcare

$800/mo

City Pulse

Population Trend

+2% (growing)

Political Climate

Purple description, with a mix of conservative and liberal views

Business Momentum

Moderate, with key industries in manufacturing, healthcare, and education

Top Local Concerns

Economic development, public safety, education

🚌 Transit for Families

The city has a limited public transportation system, but it is relatively stroller-friendly, with accessible sidewalks and some bike lanes.

🎡 Top Kid Attractions

🎯
Franklin Park
🎯
Blackwater River
🎯
Children's Museum of Virginia

Best Neighborhoods for Families

The downtown area and surrounding neighborhoods, such as Franklin Heights and Riverview, are popular with families due to their proximity to schools, parks, and community amenities. These areas offer a range of housing options, from historic homes to new constructions.

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Estimate your real monthly cost of living in Franklin based on your household profile.

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The city has regulations in place to preserve its historic district and protect the environment, including rules on zoning and waste management.

Financial Tools

Calculators

Income Tax CalculatorEstimate take-home pay by state
Mortgage CalculatorMonthly payment estimator
Affordability CalculatorHow much home can you afford?
Childcare Cost EstimatorCompare daycare costs by city

Planning Tools

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📊 Franklin — Census & Demographic Data

Official data from the US Census Bureau, American Community Survey.

☀️ Seasonal Utility Costs

Utility costs in Franklin tend to be higher in the summer months due to air conditioning usage, with average electricity bills increasing by 20-30% from June to August. In the winter, heating costs are relatively low due to the city's mild climate.

🏛️ Local Tax Details

The city's property tax rate is 1.04%, with no local surtaxes. The ZIP code 23851 has a property tax millage rate of 0.94.

👶 Family & Stroller Friendliness

6/10, with explanation: Franklin has relatively good sidewalk quality and park access, but limited elevator access in transit and some areas with limited family infrastructure.

📍 Franklin City Stories

Sep 30, 2026