Davenport vs Franklin

Category-by-Category Breakdown

Index values · National average = 100 · Lower is more affordable

Salary Equivalence

A $75,000 salary in Davenport has the same purchasing power as $125,602 in Franklin.

Conversely, $75,000 in Franklin equals $44,784 in Davenport.

Living in Davenport vs Franklin

Housing Costs

Davenport's housing index of 60 is lower Franklin's 230, translating to median home prices of $212,000 vs $750,000. The $538,000 difference in home prices means roughly $34,968 per year in additional mortgage costs at current rates. Renters face a similar gap: $900/mo in Davenport compared to $1,850/mo in Franklin, a monthly difference of $950.

Grocery & Food Costs

Grocery expenses index at 97 in Davenport and 100 in Franklin. A household spending the national average of $475/month on groceries would pay approximately $461/month in Davenport vs $475/month in Franklin. The difference in grocery costs between these cities is relatively minor and unlikely to be a deciding factor in relocation.

Utility Expenses

Utility costs — electricity, gas, water, internet — index at 83 in Davenport and 97 in Franklin. Monthly utility bills average approximately $332 in Davenport vs $388 in Franklin. Climate differences between the two cities drive much of this gap, with heating and cooling costs varying substantially by region.

Healthcare

Healthcare costs index at 97 in Davenport and 91 in Franklin. This encompasses insurance premiums, doctor visit copays, dental care, and prescription costs. Healthcare costs are relatively similar between these two cities, though individual plan costs can still vary.

Income & Purchasing Power

Median household income is $66,200 in Davenport and $118,200 in Franklin. After adjusting for local costs, purchasing-power-equivalent incomes are approximately $79,759 and $85,036 respectively. Franklin residents come out ahead in real purchasing power.

Relocation Considerations

Under the standard 28% rule, a median-income household can allocate $1,545/month to housing in Davenport vs $2,758/month in Franklin. In Davenport, median rent of $900/mo fits within this budget. In Franklin, median rent of $1,850/mo remains manageable. The biggest category-level difference between these two cities is Housing, where the gap is 170 index points — focus your budget analysis there.

Frequently Asked Questions

Moving & Relocation Resources

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