Cost of Living: Franklin, TN vs Nashville-Davidson metropolitan government (balance), 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 Nashville-Davidson metropolitan government (balance), TN. In the model, rent is about 27.12% of gross in Franklin, TN versus 21.65% in Nashville-Davidson metropolitan government (balance), TN, so Nashville-Davidson metropolitan government (balance), TN tends to feel more affordable for rent.
Compare cost of living, rent, housing prices, and salary affordability between Franklin, TN and Nashville-Davidson metropolitan government (balance), TN.
At a glance
- Cheaper overall (lower cost-of-living index): Nashville-Davidson metropolitan government (balance), TN
- Lower rent (median 1BR/2BR): Nashville-Davidson metropolitan government (balance), TN
- Lower home prices: Nashville-Davidson metropolitan government (balance), TN
- Higher median household income: Franklin, TN
Cost of Living Index
Franklin, TN: 100 (U.S. = 100) · Nashville-Davidson metropolitan government (balance), TN: 100 (U.S. = 100)
Both cities have the same cost-of-living index (U.S. average = 100).
Median Rent
Franklin, TN: $1,768/mo (midpoint of 1BR/2BR) · Nashville-Davidson metropolitan government (balance), TN: $1,412/mo
Median rent in Franklin, TN is $356/mo higher than in Nashville-Davidson metropolitan government (balance), TN.
Median Home Price
Franklin, TN: $646,300 · Nashville-Davidson metropolitan government (balance), TN: $383,100
Median home price in Franklin, TN is $263,200 higher than in Nashville-Davidson metropolitan government (balance), TN.
Median Household Income
Franklin, TN: $115,000 · Nashville-Davidson metropolitan government (balance), TN: $75,197
Franklin, TN has a higher median household income than Nashville-Davidson metropolitan government (balance), TN by $39,803.
Franklin, TN overview · Nashville-Davidson metropolitan government (balance), TN overview · Popular comparisons