Cost of Living: Franklin, IN vs Fort Wayne, IN
Quick rent-and-take-home comparison
Using a baseline of $70,000/yr gross, take-home is about $4,332/mo in Franklin, IN versus $4,332/mo in Fort Wayne, IN. In the model, rent is about 16.42% of gross in Franklin, IN versus 13.97% in Fort Wayne, IN, so Fort Wayne, IN tends to feel more affordable for rent.
Compare cost of living, rent, housing prices, and salary affordability between Franklin, IN and Fort Wayne, IN.
At a glance
- Cheaper overall (lower cost-of-living index): Fort Wayne, IN
- Lower rent (median 1BR/2BR): Fort Wayne, IN
- Lower home prices: Fort Wayne, IN
- Higher median household income: Franklin, IN
Cost of Living Index
Franklin, IN: 100 (U.S. = 100) · Fort Wayne, IN: 82.8 (U.S. = 100)
Fort Wayne, IN has a lower cost-of-living index than Franklin, IN, so a given salary generally stretches further there.
Median Rent
Franklin, IN: $1,071/mo (midpoint of 1BR/2BR) · Fort Wayne, IN: $911/mo
Median rent in Franklin, IN is $160/mo higher than in Fort Wayne, IN.
Median Home Price
Franklin, IN: $212,500 · Fort Wayne, IN: $169,700
Median home price in Franklin, IN is $42,800 higher than in Fort Wayne, IN.
Median Household Income
Franklin, IN: $77,305 · Fort Wayne, IN: $60,293
Franklin, IN has a higher median household income than Fort Wayne, IN by $17,012.
Franklin, IN overview · Fort Wayne, IN overview · Popular comparisons