Cost of Living: Cambridge, MA vs Franklin, IN
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Cambridge | Franklin |
|---|---|---|
| Housing Index | 150.0 | 85.0 |
| Median Home Price | $769,000 | $245,000 |
| Average Rent (2 BR Apartment) | $3000 | $1200 |
| Average Rent (2 BR House) | $3120 | $1272 |
Housing Comparison: Cambridge vs Franklin
- In Cambridge, the median home price is higher at $769,000, while in Franklin it is $245,000.
- Renting a two-bedroom apartment costs more in Cambridge at $3,000 than in Franklin at $1,200.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Cambridge | Franklin |
|---|---|---|
| Electricity Price | $28.15 | $14.89 |
| Natural Gas Price | $21.62 | $Data is updating |
| Other Utilities | $200 | $250 |
Utilities Comparison: Cambridge vs Franklin
- Electricity costs are higher in Cambridge at $28.15 per kWh, compared to $14.89 in Franklin.
- Natural gas price data is currently unavailable.
- Franklin has higher utility expenses, averaging $250, while Cambridge averages $200.