Franklin, MN vs Renville, MN

Renville is moderately more affordable than Franklin, with a 7% lower cost of living index. Franklin scores 67 compared to 63 for Renville, 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 $883/month compared to $671/month in Renville — a 32% difference. Interestingly, home values tell a different story: while Renville has cheaper rent, Franklin actually has lower median home values ($84,800 vs $109,700).

Median household income in Franklin is $54,904 compared to $73,750 in Renville (-25.6%). Renville 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 19.3% of their income on rent, more than the 10.9% in Renville.

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