Cost of Living: Franklin, TN vs Norton Shores, MI
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 $4,268/mo in Norton Shores, MI. In the model, rent is about 27.12% of gross in Franklin, TN versus 18.74% in Norton Shores, MI, so Norton Shores, MI tends to feel more affordable for rent.
Compare cost of living, rent, housing prices, and salary affordability between Franklin, TN and Norton Shores, MI.
At a glance
- Cheaper overall (lower cost-of-living index): Norton Shores, MI
- Lower rent (median 1BR/2BR): Norton Shores, MI
- Lower home prices: Norton Shores, MI
- Higher median household income: Franklin, TN
Cost of Living Index
Franklin, TN: 100 (U.S. = 100) · Norton Shores, MI: 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) · Norton Shores, MI: $1,222/mo
Median rent in Franklin, TN is $546/mo higher than in Norton Shores, MI.
Median Home Price
Franklin, TN: $646,300 · Norton Shores, MI: $214,000
Median home price in Franklin, TN is $432,300 higher than in Norton Shores, MI.
Median Household Income
Franklin, TN: $115,000 · Norton Shores, MI: $73,390
Franklin, TN has a higher median household income than Norton Shores, MI by $41,610.
Franklin, TN overview · Norton Shores, MI overview · Popular comparisons