Franklin, TN vs Mount Juliet, TN

Mount Juliet is moderately more affordable than Franklin, with a 14.3% lower cost of living index. Franklin scores 143 compared to 126 for Mount Juliet, 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 $1,861/month compared to $1,875/month in Mount Juliet — a 1% difference. Interestingly, home values tell a different story: while Franklin has cheaper rent, Mount Juliet actually has lower median home values ($423,000 vs $646,300).

Median household income in Franklin is $115,000 compared to $107,847 in Mount Juliet (+6.6%). Franklin does offer higher incomes, but the salary premium barely offsets the higher cost of living, leaving residents with a tighter budget. Looking at affordability, residents of Franklin spend roughly 19.4% of their income on rent, less than the 20.9% in Mount Juliet.