Franklin, MN vs Madison, MN

Franklin, MN and Madison, MN have a very similar cost of living, with only a 3.9% difference in their overall index. Franklin scores 67 while Madison scores 70 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 is $883/month compared to $920/month in Madison — a 4% difference. Home values follow the same pattern: Franklin is more affordable at $84,800 median vs $104,600.

Median household income in Franklin is $54,904 compared to $56,435 in Madison (-2.7%). The higher salaries in Madison partially offset the cost difference, but don't fully close the gap. Looking at affordability, residents of Franklin spend roughly 19.3% of their income on rent, less than the 19.6% in Madison.

Climate-wise, both cities share similar average temperatures (45.4°F vs 43°F). Franklin receives more rainfall at 28" per year compared to 22.7" in Madison.