Cost of living in Franklin, Virginia

Franklin, Virginia has about 8,250 people. That count is a 2020–2024 Census average, not a headcount from one day.

A typical home is worth about $256,600.

HUD's fair-market rent for a 2-bedroom in Franklin city is $1,032 a month. That is the county number, not an apartment listing in Franklin. It runs from October 2026 through September 2027.

Virginia's prices sit at 101.1 when the U.S. average is 100. This place is not in a metro area with its own index, so this is the state number from BEA for 2024.

Virginia taxes wages. A typical combined sales tax is 5.8% as of January 1, 2026. That mix is statewide, not Franklin's exact store tax.

In July 2026, a typical Virginia home paid 17.55¢ per kilowatt-hour. That is a state average from EIA, not Franklin's bill.

EIA does not publish a Virginia gasoline price. For the week of October 12, 2026, the Lower Atlantic (PADD 1C) all-grades price was $4.035 a gallon. At 12,000 miles a year and 25 mpg, the index counts that as $1,936.80 a year. Those miles are our standard, not a Census figure, and every town in Virginia shares this price.

Among 343 places we list in Virginia with a rent figure, 250 have higher typical rent than Franklin.