Cost of Living: Franklin, TN vs Phoenix, AZ
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 $4,370/mo in Phoenix, AZ. In the model, rent is about 27.12% of gross in Franklin, TN versus 21.24% in Phoenix, AZ, so Phoenix, AZ tends to feel more affordable for rent.
Compare cost of living, rent, housing prices, and salary affordability between Franklin, TN and Phoenix, AZ.
At a glance
- Cheaper overall (lower cost-of-living index): Franklin, TN
- Lower rent (median 1BR/2BR): Phoenix, AZ
- Lower home prices: Phoenix, AZ
- Higher median household income: Franklin, TN
Cost of Living Index
Franklin, TN: 100 (U.S. = 100) · Phoenix, AZ: 102.4 (U.S. = 100)
Franklin, TN has a lower cost-of-living index than Phoenix, AZ, so a given salary generally stretches further there.
Median Rent
Franklin, TN: $1,768/mo (midpoint of 1BR/2BR) · Phoenix, AZ: $1,385/mo
Median rent in Franklin, TN is $383/mo higher than in Phoenix, AZ.
Median Home Price
Franklin, TN: $646,300 · Phoenix, AZ: $381,900
Median home price in Franklin, TN is $264,400 higher than in Phoenix, AZ.
Median Household Income
Franklin, TN: $115,000 · Phoenix, AZ: $77,041
Franklin, TN has a higher median household income than Phoenix, AZ by $37,959.
Franklin, TN overview · Phoenix, AZ overview · Popular comparisons