Cost of Living: Franklin, IN vs New York, NY
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 $4,116/mo in New York, NY. In the model, rent is about 16.42% of gross in Franklin, IN versus 25.92% in New York, NY, so Franklin, IN tends to feel more affordable for rent.
Compare cost of living, rent, housing prices, and salary affordability between Franklin, IN and New York, NY.
At a glance
- Cheaper overall (lower cost-of-living index): Franklin, IN
- Lower rent (median 1BR/2BR): Franklin, IN
- Lower home prices: Franklin, IN
- Higher median household income: New York, NY
Cost of Living Index
Franklin, IN: 100 (U.S. = 100) · New York, NY: 168.2 (U.S. = 100)
Franklin, IN has a lower cost-of-living index than New York, NY, so a given salary generally stretches further there.
Median Rent
Franklin, IN: $1,071/mo (midpoint of 1BR/2BR) · New York, NY: $1,690/mo
Median rent in New York, NY is $619/mo higher than in Franklin, IN.
Median Home Price
Franklin, IN: $212,500 · New York, NY: $751,700
Median home price in New York, NY is $539,200 higher than in Franklin, IN.
Median Household Income
Franklin, IN: $77,305 · New York, NY: $79,713
New York, NY has a higher median household income than Franklin, IN by $2,408.
Franklin, IN overview · New York, NY overview · Popular comparisons