Median rent is 58% lower in Henderson ($788/mo vs $1,856/mo). Buying is cheaper in Henderson, where the median home runs $151,400 versus $567,100. Households earn more in Franklin Town ($142,788 vs $47,176 a year). Taken together, Henderson is the more affordable choice with a cost index of 96.5 against 96.5 — about 0% lower overall prices. After adjusting income for local prices, a typical paycheck stretches further in Franklin Town, MA.
City A
Franklin Town, MA
City B
Henderson, KY
How much would you need to earn in Henderson, KY to maintain your standard of living from Franklin Town, MA?
Equivalent salary in Henderson, KY
$74,953
You could earn $47 less (0% lower) and break even.
Based on BEA Regional Price Parity (cost index) for each city's metro area. A rough estimate of overall purchasing power, not tax or take-home pay.
Metric
Franklin Town
Massachusetts
Henderson
Kentucky
👥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: US Census ACS, BEA RPP, HUD FMR, EPA AirNow, Tax Foundation
Renters will find significantly cheaper housing in Henderson — median rent of $788/mo versus $1,856/mo in Franklin Town, a 58% difference. Home buyers face a steeper market in Franklin Town: the median home is $567,100 versus $151,400 in Henderson — 73% more expensive.
1BR Fair Market Rent
2BR Fair Market Rent
BLS OEWS 2023 — metro-level data
Massachusetts's top income tax rate is 9.00% versus 4.00% in Kentucky, so Henderson is more tax-friendly for high earners. Sales tax is 6.25% in Massachusetts and 6.00% in Kentucky; Henderson has the lower rate (local add-ons may apply in both).
Franklin Town
Income tax: 9.00%
Sales tax: 6.25%
Henderson
Income tax: 4.00%
Sales tax: 6.00%
Air quality data is not yet available for these cities.
Pick Franklin Town if you prioritize higher median household income ($142,788/yr).
Pick Henderson if you prioritize cheaper rent ($788/mo median).
Pick Henderson if you prioritize lower state income tax (4.00%).
Is Franklin Town cheaper than Henderson?
Henderson is cheaper overall, with a cost of living index of 96.5 versus 96.5 (US average = 100). That means prices run about 0% lower in Henderson.
How much is rent in Franklin Town vs Henderson?
Median rent is $1,856/mo in Franklin Town, MA and $788/mo in Henderson, KY. Henderson, KY has the lower rent by about 58%.
Which has higher salaries — Franklin Town or Henderson?
Median household income is $142,788 in Franklin Town, MA and $47,176 in Henderson, KY. Franklin Town, MA has the higher median income. Note that BLS occupational wages in the table above show wages for specific jobs.
Which city has better air quality?
Air quality data is not yet available for one or both cities.
Which has lower taxes — Franklin Town or Henderson?
Massachusetts's top income tax rate is 9.00% and Kentucky's is 4.00%. Henderson, KY has the lower rate.
What salary do I need in Henderson to match my Franklin Town income?
To maintain the same purchasing power, a salary of $100,000 in Franklin Town, MA is equivalent to roughly $99,938 in Henderson, KY (using the BEA Regional Price Parity ratio). Use the salary calculator above for any income amount.
Data last updated: December 1, 2024 · Sources: US Census ACS, BEA RPP, BLS OEWS, HUD FMR, EPA AirNow, Tax Foundation · Methodology