Frankton, IN vs Highland, IN

There is a significant gap in the cost of living between these two cities. Frankton is 27.2% cheaper than Highland. With a cost index of 73 vs 101, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Frankton to Highland should plan for substantially higher expenses across most categories.

On the housing front, median rent in Frankton is $1,000/month compared to $1,694/month in Highland — a 41% difference. Home values follow the same pattern: Frankton is more affordable at $120,200 median vs $216,800.

Median household income in Frankton is $64,500 compared to $95,696 in Highland (-32.6%). While Highland is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Frankton spend roughly 18.6% of their income on rent, less than the 21.2% in Highland.