Cost of Living: Franklin, TN vs Knoxville, 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 Knoxville, TN. In the model, rent is about 27.12% of gross in Franklin, TN versus 16.27% in Knoxville, TN, so Knoxville, TN tends to feel more affordable for rent.
Compare cost of living, rent, housing prices, and salary affordability between Franklin, TN and Knoxville, TN.
At a glance
- Cheaper overall (lower cost-of-living index): Knoxville, TN
- Lower rent (median 1BR/2BR): Knoxville, TN
- Lower home prices: Knoxville, TN
- Higher median household income: Franklin, TN
Cost of Living Index
Franklin, TN: 100 (U.S. = 100) · Knoxville, TN: 92.2 (U.S. = 100)
Knoxville, 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) · Knoxville, TN: $1,061/mo
Median rent in Franklin, TN is $707/mo higher than in Knoxville, TN.
Median Home Price
Franklin, TN: $646,300 · Knoxville, TN: $214,000
Median home price in Franklin, TN is $432,300 higher than in Knoxville, TN.
Median Household Income
Franklin, TN: $115,000 · Knoxville, TN: $50,994
Franklin, TN has a higher median household income than Knoxville, TN by $64,006.
Franklin, TN overview · Knoxville, TN overview · Popular comparisons