Franklin, WI vs Salem Lakes, WI

Salem Lakes is moderately more affordable than Franklin, with a 10% lower cost of living index. Franklin scores 102 compared to 93 for Salem Lakes, 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 $1,325/month compared to $1,132/month in Salem Lakes — a 17% difference. Home values follow the same pattern: Salem Lakes is more affordable at $281,500 median vs $343,400.

Median household income in Franklin is $108,342 compared to $94,554 in Salem Lakes (+14.6%). 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 14.7% of their income on rent, more than the 14.4% in Salem Lakes.