Franklin, ID vs New Meadows, ID

New Meadows is moderately more affordable than Franklin, with a 14.6% lower cost of living index. Franklin scores 95 compared to 83 for New Meadows, where the US average is 100. This difference means residents of Franklin can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Franklin is $1,205/month compared to $933/month in New Meadows — a 29% difference. Home values follow the same pattern: New Meadows is more affordable at $275,000 median vs $318,200.

Median household income in Franklin is $64,375 compared to $65,250 in New Meadows (-1.3%). New Meadows 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 22.5% of their income on rent, more than the 17.2% in New Meadows.