Franklin, TN vs Lebanon, TN

The cost of living difference between Franklin, TN and Lebanon, TN is dramatic. Lebanon is 43.2% cheaper than Franklin, a gap that translates to thousands of dollars per year in household expenses. Franklin has a cost index of 143 while Lebanon sits at 100, making this one of the more striking comparisons on our site. Relocating between these cities would require a serious reassessment of budget and lifestyle expectations.

On the housing front, median rent in Franklin is $1,861/month compared to $1,210/month in Lebanon — a 54% difference. Home values follow the same pattern: Lebanon is more affordable at $359,300 median vs $646,300.

Median household income in Franklin is $115,000 compared to $71,320 in Lebanon (+61.2%). 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 19.4% of their income on rent, less than the 20.4% in Lebanon.