Franklin vs Phoenix
Cost of Living Comparison · 2026 Data
Franklin
Phoenix
💡 The Verdict
Franklin is 9% cheaper than Phoenix overall. A $75,000 salary in Franklin is equivalent to $82,418 in Phoenix.
Category-by-Category Breakdown
Index values for Franklin (left) vs Phoenix (right). National average = 100.
Detailed Price Comparison
Estimated item-level prices in Franklin versus Phoenix. Differences shown from Franklin perspective.
| Item | Franklin | Phoenix | Difference |
|---|---|---|---|
| 1-Bed Rent | $1,040/mo | $1,000/mo | +$40.00 |
| 2-Bed Rent | $1,480/mo | $1,400/mo | +$80.00 |
| 3-Bed Rent | $1,930/mo | $1,860/mo | +$70.00 |
| Bread (loaf) | $2.69 | $2.60 | +$0.09 |
| Milk (gallon) | $3.40 | $3.75 | $-0.35 |
| Eggs (dozen) | $3.00 | $3.26 | $-0.26 |
| Coffee (latte) | $5.19 | $6.48 | $-1.29 |
| Gas (gallon) | $2.92 | $3.31 | $-0.39 |
| Restaurant Meal | $13.52 | $15.67 | $-2.15 |
💰 Salary Equivalence
A $75,000 salary in Franklin has the same purchasing power as $82,418 in Phoenix.
Conversely, $75,000 in Phoenix equals $68,250 in Franklin.
💼 Take-Home Pay Comparison
Estimated annual take-home pay on a $75,000 salary after federal, FICA, and state income taxes.
The $1876 difference is driven by Arizona having a higher state income tax rate. Tennessee details → · Arizona details →
Reading These Numbers: Franklin (91) vs Phoenix (100)
Franklin at 91 is 9% below the US average, while Phoenix at 100 is 0% below average. The cost difference between these cities is relatively modest.
In Franklin, the composite index of 91 reflects a weighted calculation where housing carries the most influence at 99, followed by groceries (89), utilities (93), transportation (85), and healthcare (103). Costs are fairly balanced across categories.
For renters: With median rents of $1,480/mo in Franklin and $1,400/mo in Phoenix, the annual rent difference is approximately $960.0. Over a 5-year period, that compounds to $4,800.0 in savings by choosing the more affordable city.
For homebuyers: The $29,000.0 difference in median home prices between Franklin and Phoenix translates to meaningful differences in mortgage payments at current rates. Factor this into your budget alongside property taxes and insurance, which also vary by location.
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Making Your Decision: Franklin vs Phoenix
Choosing between Franklin and Phoenix involves more than just comparing index numbers. Consider how each category aligns with your personal spending patterns. If you work from home, transportation costs matter less than housing and utilities. If you eat out frequently, the groceries index may understate your actual food spending — look at the restaurant meal prices in the detailed comparison table above instead.
The cost gap between Franklin and Phoenix reflects thousands of individual pricing differences across housing markets, grocery chains, utility providers, and healthcare networks. No two households experience the same effective cost of living even in the same city, which is why the category breakdown matters more than the headline number. Adjust the lifestyle weighting sliders above to see how your spending priorities shift the comparison between these specific metros.