Franklin, NH vs Lebanon, NH
There is a significant gap in the cost of living between these two cities. Franklin is 23.5% cheaper than Lebanon. With a cost index of 91 vs 119, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Franklin to Lebanon should plan for substantially higher expenses across most categories.
On the housing front, median rent in Franklin is $1,088/month compared to $1,732/month in Lebanon — a 37% difference. Home values follow the same pattern: Franklin is more affordable at $243,800 median vs $345,100.
Median household income in Franklin is $69,870 compared to $92,288 in Lebanon (-24.3%). While Lebanon is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Franklin spend roughly 18.7% of their income on rent, less than the 22.5% in Lebanon.
Climate-wise, both cities share similar average temperatures (47.2°F vs 46°F). Franklin receives more rainfall at 42" per year compared to 38.1" in Lebanon.
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Climate
NOAA 30-year normals (1991-2020)