Franklin vs Hampton
Cost of Living Comparison · 2026
Franklin
Hampton
The Verdict
Living in Hampton costs 58.0% less than Franklin. To match the purchasing power of a $75,000 salary in Franklin, you would need $47,482 in Hampton.
Category-by-Category Breakdown
Index values · National average = 100 · Lower is more affordable
Salary Equivalence
A $75,000 salary in Franklin has the same purchasing power as $47,482 in Hampton.
Conversely, $75,000 in Hampton equals $118,466 in Franklin.
Living in Franklin vs Hampton
Housing Costs
Franklin's housing index of 230 is higher Hampton's 102, translating to median home prices of $750,000 vs $243,000. The $507,000 difference in home prices means roughly $32,952 per year in additional mortgage costs at current rates. Renters face a similar gap: $1,850/mo in Franklin compared to $1,175/mo in Hampton, a monthly difference of $675.
Grocery & Food Costs
Grocery expenses index at 100 in Franklin and 94 in Hampton. A household spending the national average of $475/month on groceries would pay approximately $475/month in Franklin vs $447/month in Hampton. Hampton offers a meaningful advantage on everyday food costs, saving roughly $336/year.
Utility Expenses
Utility costs — electricity, gas, water, internet — index at 97 in Franklin and 102 in Hampton. Monthly utility bills average approximately $388 in Franklin vs $408 in Hampton. Utility costs are relatively comparable between these two cities.
Healthcare
Healthcare costs index at 91 in Franklin and 106 in Hampton. This encompasses insurance premiums, doctor visit copays, dental care, and prescription costs. The 15-point gap reflects real differences in provider costs, insurance market competition, and regional healthcare infrastructure.
Income & Purchasing Power
Median household income is $118,200 in Franklin and $59,400 in Hampton. After adjusting for local costs, purchasing-power-equivalent incomes are approximately $85,036 and $67,500 respectively. Franklin residents enjoy stronger real purchasing power despite higher nominal wages.
Relocation Considerations
Under the standard 28% rule, a median-income household can allocate $2,758/month to housing in Franklin vs $1,386/month in Hampton. In Franklin, median rent of $1,850/mo fits within this budget. In Hampton, median rent of $1,175/mo remains manageable. The biggest category-level difference between these two cities is Housing, where the gap is 128 index points — focus your budget analysis there.
Frequently Asked Questions
Moving & Relocation Resources
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