City comparison
Cost indices by category, with the US city average (100) marked.
Index: 100 = US city average. Lower is more affordable.
Side-by-side costs, salaries, and sub-category indices.
| Metric | Franklin | Phoenix | Difference |
|---|---|---|---|
| Median rent | $1,785/mo | $1,322/mo | 35.0% higher in A |
| Median home value | $574,000 | $340,200 | 68.7% higher in A |
| Median household income | $106,592 | $72,092 | 47.9% higher in A |
| Groceries index | 98.7 | 104.1 | 5.2% lower in A |
| Utilities index | 94.8 | 125.1 | 24.2% lower in A |
| Transportation index | 100.5 | 104.6 | 3.9% lower in A |
| Healthcare index | 94.8 | 104.1 | 9.0% lower in A |
How much you'd need to earn in the other city to keep the same standard of living.
If you earn $100,000 in Franklin, you'd need $74,064 in Phoenix to maintain your standard of living.
Climate, safety, and demographics side by side.
Phoenix, AZ is about 25.9% cheaper overall than Franklin, TN, based on our cost-of-living index. Housing costs are roughly 26% lower in Phoenix than in Franklin. If you earn $80,000 in Franklin, you'd need about $59,251 in Phoenix to keep the same standard of living.