Franklin Furnace, OH vs New Lexington, OH

Franklin Furnace, OH and New Lexington, OH have a very similar cost of living, with only a 4.5% difference in their overall index. Franklin Furnace scores 59 while New Lexington scores 61 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Franklin Furnace is $599/month compared to $620/month in New Lexington — a 3% difference. Interestingly, home values tell a different story: while Franklin Furnace has cheaper rent, New Lexington actually has lower median home values ($114,000 vs $116,200).

Median household income in Franklin Furnace is $60,306 compared to $43,447 in New Lexington (+38.8%). Franklin Furnace 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 Furnace spend roughly 11.9% of their income on rent, less than the 17.1% in New Lexington.