Clara City, MN vs Franklin, MN

Franklin is moderately more affordable than Clara City, with a 12% lower cost of living index. Clara City scores 75 compared to 67 for Franklin, where the US average is 100. This difference means residents of Clara City can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Clara City is $1,063/month compared to $883/month in Franklin — a 20% difference. Home values follow the same pattern: Franklin is more affordable at $84,800 median vs $116,500.

Median household income in Clara City is $58,431 compared to $54,904 in Franklin (+6.4%). The higher salaries in Clara City partially offset the cost difference, but don't fully close the gap. Looking at affordability, residents of Clara City spend roughly 21.8% of their income on rent, more than the 19.3% in Franklin.