Cost of Living: Franklin, TN vs Los Angeles, CA
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 $3,974/mo in Los Angeles, CA. In the model, rent is about 27.12% of gross in Franklin, TN versus 25.99% in Los Angeles, CA, so Los Angeles, CA tends to feel more affordable for rent.
Compare cost of living, rent, housing prices, and salary affordability between Franklin, TN and Los Angeles, CA.
At a glance
- Cheaper overall (lower cost-of-living index): Franklin, TN
- Lower rent (median 1BR/2BR): Los Angeles, CA
- Lower home prices: Franklin, TN
- Higher median household income: Franklin, TN
Cost of Living Index
Franklin, TN: 100 (U.S. = 100) · Los Angeles, CA: 148.6 (U.S. = 100)
Franklin, TN has a lower cost-of-living index than Los Angeles, CA, so a given salary generally stretches further there.
Median Rent
Franklin, TN: $1,768/mo (midpoint of 1BR/2BR) · Los Angeles, CA: $1,695/mo
Median rent in Franklin, TN is $73/mo higher than in Los Angeles, CA.
Median Home Price
Franklin, TN: $646,300 · Los Angeles, CA: $657,700
Median home price in Los Angeles, CA is $11,400 higher than in Franklin, TN.
Median Household Income
Franklin, TN: $115,000 · Los Angeles, CA: $74,785
Franklin, TN has a higher median household income than Los Angeles, CA by $40,215.
Franklin, TN overview · Los Angeles, CA overview · Popular comparisons