Carrollton, KY vs Franklin, KY

Carrollton is moderately more affordable than Franklin, with a 11.1% lower cost of living index. Carrollton scores 68 compared to 77 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 Carrollton is $862/month compared to $1,034/month in Franklin — a 17% difference. Home values follow the same pattern: Carrollton is more affordable at $122,400 median vs $170,400.

Median household income in Carrollton is $58,788 compared to $55,552 in Franklin (+5.8%). Carrollton offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Carrollton spend roughly 17.6% of their income on rent, less than the 22.3% in Franklin.