Cost of Living: Franklin, TN vs Newport, RI
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 $4,167/mo in Newport, RI. In the model, rent is about 27.12% of gross in Franklin, TN versus 23.49% in Newport, RI, so Newport, RI tends to feel more affordable for rent.
Compare cost of living, rent, housing prices, and salary affordability between Franklin, TN and Newport, RI.
At a glance
- Cheaper overall (lower cost-of-living index): Newport, RI
- Lower rent (median 1BR/2BR): Newport, RI
- Lower home prices: Franklin, TN
- Higher median household income: Franklin, TN
Cost of Living Index
Franklin, TN: 100 (U.S. = 100) · Newport, RI: 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) · Newport, RI: $1,532/mo
Median rent in Franklin, TN is $236/mo higher than in Newport, RI.
Median Home Price
Franklin, TN: $646,300 · Newport, RI: $669,500
Median home price in Newport, RI is $23,200 higher than in Franklin, TN.
Median Household Income
Franklin, TN: $115,000 · Newport, RI: $83,562
Franklin, TN has a higher median household income than Newport, RI by $31,438.
Franklin, TN overview · Newport, RI overview · Popular comparisons