Cost of Living: Franklin, IN vs Indianapolis city (balance), 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 Indianapolis city (balance), IN. In the model, rent is about 16.42% of gross in Franklin, IN versus 16.2% in Indianapolis city (balance), IN, so Indianapolis city (balance), IN tends to feel more affordable for rent.
Compare cost of living, rent, housing prices, and salary affordability between Franklin, IN and Indianapolis city (balance), IN.
At a glance
- Cheaper overall (lower cost-of-living index): Indianapolis city (balance), IN
- Lower rent (median 1BR/2BR): Indianapolis city (balance), IN
- Lower home prices: Indianapolis city (balance), IN
- Higher median household income: Franklin, IN
Cost of Living Index
Franklin, IN: 100 (U.S. = 100) · Indianapolis city (balance), IN: 100 (U.S. = 100)
Both cities have the same cost-of-living index (U.S. average = 100).
Median Rent
Franklin, IN: $1,071/mo (midpoint of 1BR/2BR) · Indianapolis city (balance), IN: $1,057/mo
Median rent in Franklin, IN is $14/mo higher than in Indianapolis city (balance), IN.
Median Home Price
Franklin, IN: $212,500 · Indianapolis city (balance), IN: $207,000
Median home price in Franklin, IN is $5,500 higher than in Indianapolis city (balance), IN.
Median Household Income
Franklin, IN: $77,305 · Indianapolis city (balance), IN: $62,995
Franklin, IN has a higher median household income than Indianapolis city (balance), IN by $14,310.
Franklin, IN overview · Indianapolis city (balance), IN overview · Popular comparisons