Franklin, OH vs Waverly, OH

Waverly is moderately more affordable than Franklin, with a 5.1% lower cost of living index. Franklin scores 77 compared to 73 for Waverly, 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 $976/month compared to $939/month in Waverly — a 4% difference. Home values follow the same pattern: Waverly is more affordable at $149,400 median vs $170,800.

Median household income in Franklin is $58,134 compared to $49,519 in Waverly (+17.4%). While Franklin 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 20.1% of their income on rent, less than the 22.8% in Waverly.