Cost of Living: Franklin, IN vs South Bend, 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 South Bend, IN. In the model, rent is about 16.42% of gross in Franklin, IN versus 14.57% in South Bend, IN, so South Bend, IN tends to feel more affordable for rent.
Compare cost of living, rent, housing prices, and salary affordability between Franklin, IN and South Bend, IN.
At a glance
- Cheaper overall (lower cost-of-living index): South Bend, IN
- Lower rent (median 1BR/2BR): South Bend, IN
- Lower home prices: South Bend, IN
- Higher median household income: Franklin, IN
Cost of Living Index
Franklin, IN: 100 (U.S. = 100) · South Bend, 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) · South Bend, IN: $950/mo
Median rent in Franklin, IN is $121/mo higher than in South Bend, IN.
Median Home Price
Franklin, IN: $212,500 · South Bend, IN: $124,500
Median home price in Franklin, IN is $88,000 higher than in South Bend, IN.
Median Household Income
Franklin, IN: $77,305 · South Bend, IN: $52,512
Franklin, IN has a higher median household income than South Bend, IN by $24,793.
Franklin, IN overview · South Bend, IN overview · Popular comparisons