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Franklin, TX vs Palacios, TX

70
Franklin
Texas
VS
-9.4%
77
Palacios
Texas

Franklin is moderately more affordable than Palacios, with a 9.4% lower cost of living index. Franklin scores 70 compared to 77 for Palacios, where the US average is 100. This difference means residents of Palacios can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Franklin is $795/month compared to $1,042/month in Palacios — a 24% difference. Interestingly, home values tell a different story: while Franklin has cheaper rent, Palacios actually has lower median home values ($153,000 vs $171,000).

Median household income in Franklin is $54,688 compared to $60,613 in Palacios (-9.8%). While Palacios 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 17.4% of their income on rent, less than the 20.6% in Palacios.

Climate-wise, both cities share similar average temperatures (69.4°F vs 71.8°F). Palacios receives more rainfall at 43.1" per year compared to 41.8" in Franklin.

Income & Cost

Cost of Living Index
Franklin
70
9% cheaper
Palacios
77
Median Household Income
Franklin
$54,688
Palacios
$60,613
10% higher

Housing

Median Rent
Franklin
$795
24% cheaper
Palacios
$1,042
Median Home Value
Franklin
$171,000
Palacios
$153,000
11% cheaper
Population
Franklin
1,498
Palacios
4,394

Salary Equivalency Calculator

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Everyday Prices

BLS Average Prices by metro area

Gasoline (regular)
Franklin $2.85
Palacios
US $3.07
🥚
Eggs (grade A, large)
Franklin $2.32
Palacios
US $2.50
🥛
Milk (whole)
Franklin $3.74
Palacios
US $4.03
🍞
Bread (white)
Franklin $1.72
Palacios
US $1.85
🍗
Chicken breast
Franklin $3.85
Palacios
US $4.14
Electricity
Franklin $0.17
Palacios
US $0.19

Climate

NOAA 30-year normals (1991-2020)

Avg Temp
Franklin 69.4°F
Palacios 71.8°F
Summer High
Franklin 95°F
Palacios 92°F
Winter Low
Franklin 41°F
Palacios 46°F
Rainfall
Franklin 41.8"
Palacios 43.1"
Rainy Days
Franklin 92d
Palacios 93d