Franklinville, NC vs Red Oak, NC

Franklinville, NC and Red Oak, NC have a very similar cost of living, with only a 4.2% difference in their overall index. Franklinville scores 72 while Red Oak scores 75 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Franklinville is $969/month compared to $818/month in Red Oak — a 19% difference. Interestingly, home values tell a different story: while Red Oak has cheaper rent, Franklinville actually has lower median home values ($122,400 vs $236,200).

Median household income in Franklinville is $53,942 compared to $81,464 in Red Oak (-33.8%). While Red Oak is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Franklinville spend roughly 21.6% of their income on rent, more than the 12% in Red Oak.