New Franklin, OH vs Silverton, OH

Silverton is moderately more affordable than New Franklin, with a 11.3% lower cost of living index. New Franklin scores 82 compared to 74 for Silverton, where the US average is 100. This difference means residents of New Franklin can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in New Franklin is $1,101/month compared to $842/month in Silverton — a 31% difference. Home values follow the same pattern: Silverton is more affordable at $185,300 median vs $196,600.

Median household income in New Franklin is $88,306 compared to $49,563 in Silverton (+78.2%). 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 New Franklin spend roughly 15% of their income on rent, less than the 20.4% in Silverton.