Babbitt, MN vs Franklin, MN

Babbitt is moderately more affordable than Franklin, with a 10.3% lower cost of living index. Babbitt scores 60 compared to 67 for Franklin, where the US average is 100. This difference means residents of Franklin can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Babbitt is $726/month compared to $883/month in Franklin — a 18% difference. Interestingly, home values tell a different story: while Babbitt has cheaper rent, Franklin actually has lower median home values ($84,800 vs $96,000).

Median household income in Babbitt is $54,318 compared to $54,904 in Franklin (-1.1%). Franklin does offer higher incomes, but the salary premium barely offsets the higher cost of living, leaving residents with a tighter budget. Looking at affordability, residents of Babbitt spend roughly 16% of their income on rent, less than the 19.3% in Franklin.