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Franklin, TN vs Spring Hill, TN

143
Franklin
Tennessee
VS
+15.9%
124
Spring Hill
Tennessee

There is a significant gap in the cost of living between these two cities. Spring Hill is 15.9% cheaper than Franklin. With a cost index of 124 vs 143, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Spring Hill to Franklin should plan for substantially higher expenses across most categories.

On the housing front, median rent in Franklin is $1,861/month compared to $1,738/month in Spring Hill — a 7% difference. Home values follow the same pattern: Spring Hill is more affordable at $452,400 median vs $646,300.

Median household income in Franklin is $115,000 compared to $106,658 in Spring Hill (+7.8%). 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 19.6% in Spring Hill.

Income & Cost

Cost of Living Index
Franklin
143
Spring Hill
124
14% cheaper
Median Household Income
Franklin
$115,000
7% higher
Spring Hill
$106,658

Housing

Median Rent
Franklin
$1,861
Spring Hill
$1,738
7% cheaper
Median Home Value
Franklin
$646,300
Spring Hill
$452,400
30% cheaper
Population
Franklin
85,575
Spring Hill
53,585

Salary Equivalency Calculator

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Everyday Prices

BLS Average Prices by metro area

Gasoline (regular)
Franklin $2.89
Spring Hill $2.89
US $3.07
🥚
Eggs (grade A, large)
Franklin $2.36
Spring Hill $2.36
US $2.50
🥛
Milk (whole)
Franklin $3.80
Spring Hill $3.80
US $4.03
🍞
Bread (white)
Franklin $1.74
Spring Hill $1.74
US $1.85
🍗
Chicken breast
Franklin $3.91
Spring Hill $3.91
US $4.14
Electricity
Franklin $0.15
Spring Hill $0.15
US $0.19