Cost of Living: Franklin, TN vs Chicago, IL
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 $4,227/mo in Chicago, IL. In the model, rent is about 27.12% of gross in Franklin, TN versus 20.28% in Chicago, IL, so Chicago, IL tends to feel more affordable for rent.
Compare cost of living, rent, housing prices, and salary affordability between Franklin, TN and Chicago, IL.
At a glance
- Cheaper overall (lower cost-of-living index): Chicago, IL
- Lower rent (median 1BR/2BR): Chicago, IL
- Lower home prices: Chicago, IL
- Higher median household income: Franklin, TN
Cost of Living Index
Franklin, TN: 100 (U.S. = 100) · Chicago, IL: 98.3 (U.S. = 100)
Chicago, IL 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) · Chicago, IL: $1,323/mo
Median rent in Franklin, TN is $445/mo higher than in Chicago, IL.
Median Home Price
Franklin, TN: $646,300 · Chicago, IL: $147,800
Median home price in Franklin, TN is $498,500 higher than in Chicago, IL.
Median Household Income
Franklin, TN: $115,000 · Chicago, IL: $56,815
Franklin, TN has a higher median household income than Chicago, IL by $58,185.
Franklin, TN overview · Chicago, IL overview · Popular comparisons