Franklin, IN vs Lowell, IN

Franklin is moderately more affordable than Lowell, with a 8.3% lower cost of living index. Franklin scores 85 compared to 92 for Lowell, where the US average is 100. This difference means residents of Lowell can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Franklin is $1,127/month compared to $1,222/month in Lowell — a 8% difference. Home values follow the same pattern: Franklin is more affordable at $212,500 median vs $236,900.

Median household income in Franklin is $77,305 compared to $83,125 in Lowell (-7%). The higher salaries in Lowell partially offset the cost difference, but don't fully close the gap. Looking at affordability, residents of Franklin spend roughly 17.5% of their income on rent, less than the 17.6% in Lowell.