Franklin vs Hillsboro

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 $69,065 in Hillsboro.

Conversely, $75,000 in Hillsboro equals $81,445 in Franklin.

Living in Franklin vs Hillsboro

Housing Costs

Franklin's housing index of 230 is higher Hillsboro's 175, translating to median home prices of $750,000 vs $533,000. The $217,000 difference in home prices means roughly $14,100 per year in additional mortgage costs at current rates. Renters face a similar gap: $1,850/mo in Franklin compared to $1,725/mo in Hillsboro, a monthly difference of $125.

Grocery & Food Costs

Grocery expenses index at 100 in Franklin and 108 in Hillsboro. A household spending the national average of $475/month on groceries would pay approximately $475/month in Franklin vs $513/month in Hillsboro. Franklin offers a meaningful advantage on everyday food costs, saving roughly $456/year.

Utility Expenses

Utility costs — electricity, gas, water, internet — index at 97 in Franklin and 96 in Hillsboro. Monthly utility bills average approximately $388 in Franklin vs $384 in Hillsboro. Utility costs are relatively comparable between these two cities.

Healthcare

Healthcare costs index at 91 in Franklin and 103 in Hillsboro. This encompasses insurance premiums, doctor visit copays, dental care, and prescription costs. The 12-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 $106,700 in Hillsboro. After adjusting for local costs, purchasing-power-equivalent incomes are approximately $85,036 and $83,359 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 $2,490/month in Hillsboro. In Franklin, median rent of $1,850/mo fits within this budget. In Hillsboro, median rent of $1,725/mo remains manageable. The biggest category-level difference between these two cities is Housing, where the gap is 55 index points — focus your budget analysis there.

Frequently Asked Questions

Moving & Relocation Resources

As an Amazon Associate we earn from qualifying purchases