Franklin, OH vs Montpelier, OH
There is a significant gap in the cost of living between these two cities. Montpelier is 20.1% cheaper than Franklin. With a cost index of 64 vs 77, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Montpelier to Franklin should plan for substantially higher expenses across most categories.
On the housing front, median rent in Franklin is $976/month compared to $758/month in Montpelier — a 29% difference. Home values follow the same pattern: Montpelier is more affordable at $105,200 median vs $170,800.
Median household income in Franklin is $58,134 compared to $48,720 in Montpelier (+19.3%). The higher salaries in Franklin partially offset the cost difference, but don't fully close the gap. Looking at affordability, residents of Franklin spend roughly 20.1% of their income on rent, more than the 18.7% in Montpelier.
Climate-wise, Franklin is notably warmer with an average of 54.1°F compared to 50°F in Montpelier. Franklin receives more rainfall at 41" per year compared to 33" in Montpelier.
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Climate
NOAA 30-year normals (1991-2020)