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Franklin, AL vs Graysville, AL

59
Franklin
Alabama
VS
-19.9%
74
Graysville
Alabama

There is a significant gap in the cost of living between these two cities. Franklin is 19.9% cheaper than Graysville. With a cost index of 59 vs 74, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Franklin to Graysville should plan for substantially higher expenses across most categories.

On the housing front, median rent in Franklin is $731/month compared to $1,049/month in Graysville — a 30% difference. Home values follow the same pattern: Franklin is more affordable at $75,300 median vs $118,900.

Median household income in Franklin is $83,480 compared to $61,250 in Graysville (+36.3%). 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 Franklin spend roughly 10.5% of their income on rent, less than the 20.6% in Graysville.

Climate-wise, both cities share similar average temperatures (66.4°F vs 63.9°F). Graysville receives more rainfall at 56.6" per year compared to 51.2" in Franklin.

Income & Cost

Cost of Living Index
Franklin
59
20% cheaper
Graysville
74
Median Household Income
Franklin
$83,480
27% higher
Graysville
$61,250

Housing

Median Rent
Franklin
$731
30% cheaper
Graysville
$1,049
Median Home Value
Franklin
$75,300
37% cheaper
Graysville
$118,900
Population
Franklin
899
Graysville
2,600

Salary Equivalency Calculator

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Rent by Bedroom Size

HUD Fair Market Rent (FY 2026) — metro area average

Studio
Franklin $690
Graysville $971
29% cheaper
1 Bed
Franklin $750
Graysville $1,088
31% cheaper
2 Bed
Franklin $900
Graysville $1,208
25% cheaper
3 Bed
Franklin $1,130
Graysville $1,517
26% cheaper
4 Bed
Franklin $1,430
Graysville $1,720
17% cheaper

Everyday Prices

BLS Average Prices by metro area

Gasoline (regular)
Franklin $2.90
Graysville $2.90
US $3.07
🥚
Eggs (grade A, large)
Franklin $2.37
Graysville $2.37
US $2.50
🥛
Milk (whole)
Franklin $3.81
Graysville $3.81
US $4.03
🍞
Bread (white)
Franklin $1.75
Graysville $1.75
US $1.85
🍗
Chicken breast
Franklin $3.92
Graysville $3.92
US $4.14
Electricity
Franklin $0.17
Graysville $0.17
US $0.19

Climate

NOAA 30-year normals (1991-2020)

Avg Temp
Franklin 66.4°F
Graysville 63.9°F
Summer High
Franklin 94°F
Graysville 91°F
Winter Low
Franklin 37°F
Graysville 35°F
Rainfall
Franklin 51.2"
Graysville 56.6"
Rainy Days
Franklin 107d
Graysville 118d