Collingswood, NJ vs Franklin, NJ

Franklin is moderately more affordable than Collingswood, with a 6.4% lower cost of living index. Collingswood scores 107 compared to 101 for Franklin, where the US average is 100. This difference means residents of Collingswood can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Collingswood is $1,420/month compared to $1,340/month in Franklin — a 6% difference. Home values follow the same pattern: Franklin is more affordable at $253,100 median vs $346,300.

Median household income in Collingswood is $83,917 compared to $90,152 in Franklin (-6.9%). Franklin offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Collingswood spend roughly 20.3% of their income on rent, more than the 17.8% in Franklin.