Lexington, OH vs New Franklin, OH
There is a significant gap in the cost of living between these two cities. Lexington is 16.7% cheaper than New Franklin. With a cost index of 68 vs 82, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Lexington to New Franklin should plan for substantially higher expenses across most categories.
On the housing front, median rent in Lexington is $756/month compared to $1,101/month in New Franklin — a 31% difference. Home values follow the same pattern: Lexington is more affordable at $183,500 median vs $196,600.
Median household income in Lexington is $56,068 compared to $88,306 in New Franklin (-36.5%). While New 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 Lexington spend roughly 16.2% of their income on rent, more than the 15% in New Franklin.
Climate-wise, both cities share similar average temperatures (50.6°F vs 51.7°F). Lexington receives more rainfall at 42.5" per year compared to 41.6" in New Franklin.
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