Franklin vs Irving
Cost of Living Comparison · 2026
Franklin
Irving
The Verdict
The cost gap between these cities is 39.0%, with Irving being the more affordable option. A $75,000 income in Franklin has equivalent purchasing power to $53,957 in Irving.
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 $53,957 in Irving.
Conversely, $75,000 in Irving equals $104,250 in Franklin.
Living in Franklin vs Irving
Housing Costs
Franklin's housing index of 230 is higher Irving's 94, translating to median home prices of $750,000 vs $318,000. The $432,000 difference in home prices means roughly $28,080 per year in additional mortgage costs at current rates. Renters face a similar gap: $1,850/mo in Franklin compared to $1,350/mo in Irving, a monthly difference of $500.
Grocery & Food Costs
Grocery expenses index at 100 in Franklin and 99 in Irving. A household spending the national average of $475/month on groceries would pay approximately $475/month in Franklin vs $470/month in Irving. 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 97 in Franklin and 111 in Irving. Monthly utility bills average approximately $388 in Franklin vs $444 in Irving. 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 91 in Franklin and 103 in Irving. 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 $73,400 in Irving. After adjusting for local costs, purchasing-power-equivalent incomes are approximately $85,036 and $73,400 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 $1,713/month in Irving. In Franklin, median rent of $1,850/mo fits within this budget. In Irving, median rent of $1,350/mo remains manageable. The biggest category-level difference between these two cities is Housing, where the gap is 136 index points — focus your budget analysis there.
Frequently Asked Questions
Moving & Relocation Resources
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