Franklin vs Provo
Cost of Living Comparison · 2026
Franklin
Provo
The Verdict
The cost gap between these cities is 33.7%, with Provo being the more affordable option. A $75,000 income in Franklin has equivalent purchasing power to $56,115 in Provo.
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 $56,115 in Provo.
Conversely, $75,000 in Provo equals $100,240 in Franklin.
Living in Franklin vs Provo
Housing Costs
Franklin's housing index of 230 is higher Provo's 112, translating to median home prices of $750,000 vs $380,000. The $370,000 difference in home prices means roughly $24,048 per year in additional mortgage costs at current rates. Renters face a similar gap: $1,850/mo in Franklin compared to $1,300/mo in Provo, a monthly difference of $550.
Grocery & Food Costs
Grocery expenses index at 100 in Franklin and 98 in Provo. A household spending the national average of $475/month on groceries would pay approximately $475/month in Franklin vs $466/month in Provo. 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 87 in Provo. Monthly utility bills average approximately $388 in Franklin vs $348 in Provo. Utility costs are relatively comparable between these two cities.
Healthcare
Healthcare costs index at 91 in Franklin and 97 in Provo. This encompasses insurance premiums, doctor visit copays, dental care, and prescription costs. Healthcare costs are relatively similar between these two cities, though individual plan costs can still vary.
Income & Purchasing Power
Median household income is $118,200 in Franklin and $51,048 in Provo. After adjusting for local costs, purchasing-power-equivalent incomes are approximately $85,036 and $49,085 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 $1,191/month in Provo. In Franklin, median rent of $1,850/mo fits within this budget. In Provo, median rent of $1,300/mo pushes past the recommended limit. The biggest category-level difference between these two cities is Housing, where the gap is 118 index points — focus your budget analysis there.
Frequently Asked Questions
Moving & Relocation Resources
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