Franklin, KY vs Madisonville, KY

Madisonville is moderately more affordable than Franklin, with a 8.6% lower cost of living index. Franklin scores 77 compared to 71 for Madisonville, 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 $1,034/month compared to $860/month in Madisonville — a 20% difference. Home values follow the same pattern: Madisonville is more affordable at $152,300 median vs $170,400.

Median household income in Franklin is $55,552 compared to $56,902 in Madisonville (-2.4%). Madisonville 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 22.3% of their income on rent, more than the 18.1% in Madisonville.