Cost of Living: Franklin, IN vs Phoenix, AZ
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 $4,370/mo in Phoenix, AZ. In the model, rent is about 16.42% of gross in Franklin, IN versus 21.24% in Phoenix, AZ, so Franklin, IN tends to feel more affordable for rent.
Compare cost of living, rent, housing prices, and salary affordability between Franklin, IN and Phoenix, AZ.
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: Franklin, IN
Cost of Living Index
Franklin, IN: 100 (U.S. = 100) · Phoenix, AZ: 102.4 (U.S. = 100)
Franklin, IN has a lower cost-of-living index than Phoenix, AZ, so a given salary generally stretches further there.
Median Rent
Franklin, IN: $1,071/mo (midpoint of 1BR/2BR) · Phoenix, AZ: $1,385/mo
Median rent in Phoenix, AZ is $314/mo higher than in Franklin, IN.
Median Home Price
Franklin, IN: $212,500 · Phoenix, AZ: $381,900
Median home price in Phoenix, AZ is $169,400 higher than in Franklin, IN.
Median Household Income
Franklin, IN: $77,305 · Phoenix, AZ: $77,041
Franklin, IN has a higher median household income than Phoenix, AZ by $264.
Franklin, IN overview · Phoenix, AZ overview · Popular comparisons