Franklin Square, NY vs New Rochelle, NY

Franklin Square, NY and New Rochelle, NY have a very similar cost of living, with only a 3% difference in their overall index. Franklin Square scores 154 while New Rochelle scores 150 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 Square is $2,052/month compared to $1,830/month in New Rochelle — a 12% difference. Interestingly, home values tell a different story: while New Rochelle has cheaper rent, Franklin Square actually has lower median home values ($640,300 vs $667,300).

Median household income in Franklin Square is $140,051 compared to $103,813 in New Rochelle (+34.9%). While Franklin Square 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 Square spend roughly 17.6% of their income on rent, less than the 21.2% in New Rochelle.

Climate-wise, both cities share similar average temperatures (54.3°F vs 52°F). New Rochelle receives more rainfall at 47.8" per year compared to 43.3" in Franklin Square.