Franklin Furnace, OH vs Richmond, OH

Franklin Furnace is moderately more affordable than Richmond, with a 12.1% lower cost of living index. Franklin Furnace scores 59 compared to 67 for Richmond, where the US average is 100. This difference means residents of Richmond can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Franklin Furnace is $599/month compared to $850/month in Richmond — a 30% difference. Home values follow the same pattern: Franklin Furnace is more affordable at $116,200 median vs $119,100.

Median household income in Franklin Furnace is $60,306 compared to $61,250 in Richmond (-1.5%). Richmond does offer higher incomes, but the salary premium barely offsets the higher cost of living, leaving residents with a tighter budget. Looking at affordability, residents of Franklin Furnace spend roughly 11.9% of their income on rent, less than the 16.7% in Richmond.