Franklin vs Olympia
Cost of Living Comparison · 2026
Franklin
Olympia
The Verdict
The cost gap between these cities is 24.1%, with Olympia being the more affordable option. A $75,000 income in Franklin has equivalent purchasing power to $60,432 in Olympia.
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 $60,432 in Olympia.
Conversely, $75,000 in Olympia equals $93,080 in Franklin.
Living in Franklin vs Olympia
Housing Costs
Franklin's housing index of 230 is higher Olympia's 131, translating to median home prices of $750,000 vs $495,000. The $255,000 difference in home prices means roughly $16,572 per year in additional mortgage costs at current rates. Renters face a similar gap: $1,850/mo in Franklin compared to $1,600/mo in Olympia, a monthly difference of $250.
Grocery & Food Costs
Grocery expenses index at 100 in Franklin and 105 in Olympia. A household spending the national average of $475/month on groceries would pay approximately $475/month in Franklin vs $499/month in Olympia. 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 91 in Olympia. Monthly utility bills average approximately $388 in Franklin vs $364 in Olympia. Utility costs are relatively comparable between these two cities.
Healthcare
Healthcare costs index at 91 in Franklin and 124 in Olympia. This encompasses insurance premiums, doctor visit copays, dental care, and prescription costs. The 33-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 $81,300 in Olympia. After adjusting for local costs, purchasing-power-equivalent incomes are approximately $85,036 and $72,589 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 $1,897/month in Olympia. In Franklin, median rent of $1,850/mo fits within this budget. In Olympia, median rent of $1,600/mo remains manageable. The biggest category-level difference between these two cities is Housing, where the gap is 99 index points — focus your budget analysis there.
Frequently Asked Questions
Moving & Relocation Resources
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