Franklin, NH vs Newport, NH

Franklin, NH and Newport, NH have a very similar cost of living, with only a 1% difference in their overall index. Franklin scores 91 while Newport scores 92 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 $1,088/month compared to $1,261/month in Newport — a 14% difference. Interestingly, home values tell a different story: while Franklin has cheaper rent, Newport actually has lower median home values ($191,000 vs $243,800).

Median household income in Franklin is $69,870 compared to $75,849 in Newport (-7.9%). While Newport 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 20% in Newport.

Climate-wise, both cities share similar average temperatures (47.2°F vs 45.5°F). Franklin receives more rainfall at 42" per year compared to 40.3" in Newport.