Median rent is 1% lower in Franklin ($1,923/mo vs $1,933/mo). Buying is cheaper in Franklin, where the median home runs $705,400 versus $921,200. Households earn more in Franklin ($119,528 vs $81,939 a year). Taken together, Franklin is the more affordable choice with a cost index of 97.0 against 114.7 — about 15% lower overall prices. After adjusting income for local prices, a typical paycheck stretches further in Franklin, TN.
Cost of living verdict
Franklin is 15% cheaper overall
Cost of Living Index: 97.0 in Franklin vs 114.7 in Los Angeles (US national average = 100)
City A
Franklin, TN
City B
Los Angeles, CA
How much would you need to earn in Los Angeles, CA to maintain your standard of living from Franklin, TN?
Equivalent salary in Los Angeles, CA
$88,702
You'd need $13,702 more (18% higher).
Based on BEA Regional Price Parity (cost index) for each metro area. This estimates overall purchasing power; it does not account for taxes or take-home pay differences.
Metric
Franklin
Tennessee
Los Angeles
California
Population
Median Household Income
Annual
Median Gross Rent
Per month
Median Home Value
Cost of Living Index
US avg = 100
1BR Fair Market Rent
HUD FMR
2BR Fair Market Rent
HUD FMR
3BR Fair Market Rent
HUD FMR
Air Quality Index
Lower = cleaner
Top State Income Tax
Top marginal rate
State Sales Tax
Statewide base rate
Median Age
Years
✓ = better value · Sources: Census ACS, BEA, HUD Fair Market Rents, EPA AirNow, Tax Foundation
Median rents are similar in both cities: $1,923/mo in Franklin and $1,933/mo in Los Angeles. Home buyers face a steeper market in Los Angeles: the median home is $921,200 versus $705,400 in Franklin — 23% more expensive.
Metric
Franklin
Los Angeles
Software Developer
Registered Nurse
Elementary Teacher
Electrician
Accountant
Higher wage highlighted · BLS OEWS 2023 (metro-level data)
State tax data is not yet available for these cities.
Franklin
Income tax: N/A
Sales tax: N/A
Los Angeles
Income tax: N/A
Sales tax: N/A
Air quality data is available for Los Angeles (avg AQI 31.0) but not yet for Franklin.
Pick Franklin if you prioritize lower overall cost of living (index 97.0 vs 114.7).
Pick Franklin if you prioritize higher median household income ($119,528/yr).
Franklin is cheaper overall, with a cost of living index of 97.0 versus 114.7 (US average = 100). That means prices run about 15% lower in Franklin.
Median rent is $1,923/mo in Franklin, TN and $1,933/mo in Los Angeles, CA. Franklin, TN has the lower rent by about 1%.
Median household income is $119,528 in Franklin, TN and $81,939 in Los Angeles, CA. Franklin, TN has the higher median income. Note that BLS occupational wages in the table above show wages for specific jobs.
Air quality data is not yet available for one or both cities.
State tax data is not yet available for one or both cities.
To maintain the same purchasing power, a salary of $100,000 in Franklin, TN is equivalent to roughly $118,269 in Los Angeles, CA (using the BEA Regional Price Parity ratio). Use the salary calculator above for any income amount.
Data last updated: June 1, 2026 · Sources: US Census ACS, BEA RPP, BLS OEWS, HUD FMR, EPA AirNow, Tax Foundation · Methodology
