Franklin, VA vs Hillsville, VA

There is a significant gap in the cost of living between these two cities. Hillsville is 24.3% cheaper than Franklin. With a cost index of 67 vs 83, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Hillsville to Franklin should plan for substantially higher expenses across most categories.

On the housing front, median rent in Franklin is $995/month compared to $691/month in Hillsville — a 44% difference. Home values follow the same pattern: Hillsville is more affordable at $132,600 median vs $227,200.

Median household income in Franklin is $65,125 compared to $62,861 in Hillsville (+3.6%). 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 18.3% of their income on rent, more than the 13.2% in Hillsville.