Cost of Living: Franklin, TN vs Chattanooga, TN
Quick rent-and-take-home comparison
Using a baseline of $70,000/yr gross, take-home is about $4,516/mo in Franklin, TN versus $4,516/mo in Chattanooga, TN. In the model, rent is about 27.12% of gross in Franklin, TN versus 16.83% in Chattanooga, TN, so Chattanooga, TN tends to feel more affordable for rent.
Compare cost of living, rent, housing prices, and salary affordability between Franklin, TN and Chattanooga, TN.
At a glance
- Cheaper overall (lower cost-of-living index): Chattanooga, TN
- Lower rent (median 1BR/2BR): Chattanooga, TN
- Lower home prices: Chattanooga, TN
- Higher median household income: Franklin, TN
Cost of Living Index
Franklin, TN: 100 (U.S. = 100) · Chattanooga, TN: 88.6 (U.S. = 100)
Chattanooga, TN has a lower cost-of-living index than Franklin, TN, so a given salary generally stretches further there.
Median Rent
Franklin, TN: $1,768/mo (midpoint of 1BR/2BR) · Chattanooga, TN: $1,098/mo
Median rent in Franklin, TN is $670/mo higher than in Chattanooga, TN.
Median Home Price
Franklin, TN: $646,300 · Chattanooga, TN: $259,200
Median home price in Franklin, TN is $387,100 higher than in Chattanooga, TN.
Median Household Income
Franklin, TN: $115,000 · Chattanooga, TN: $61,028
Franklin, TN has a higher median household income than Chattanooga, TN by $53,972.
Franklin, TN overview · Chattanooga, TN overview · Popular comparisons