Cost of Living: Franklin, TN vs New York, NY
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 $4,116/mo in New York, NY. In the model, rent is about 27.12% of gross in Franklin, TN versus 25.92% in New York, NY, so New York, NY tends to feel more affordable for rent.
Compare cost of living, rent, housing prices, and salary affordability between Franklin, TN and New York, NY.
At a glance
- Cheaper overall (lower cost-of-living index): Franklin, TN
- Lower rent (median 1BR/2BR): New York, NY
- Lower home prices: Franklin, TN
- Higher median household income: Franklin, TN
Cost of Living Index
Franklin, TN: 100 (U.S. = 100) · New York, NY: 168.2 (U.S. = 100)
Franklin, TN has a lower cost-of-living index than New York, NY, so a given salary generally stretches further there.
Median Rent
Franklin, TN: $1,768/mo (midpoint of 1BR/2BR) · New York, NY: $1,690/mo
Median rent in Franklin, TN is $78/mo higher than in New York, NY.
Median Home Price
Franklin, TN: $646,300 · New York, NY: $751,700
Median home price in New York, NY is $105,400 higher than in Franklin, TN.
Median Household Income
Franklin, TN: $115,000 · New York, NY: $79,713
Franklin, TN has a higher median household income than New York, NY by $35,287.
Franklin, TN overview · New York, NY overview · Popular comparisons