Cost of Living: Franklin, IN vs Gallup, NM
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Franklin | Gallup |
|---|---|---|
| Housing Index | 85.0 | 85.0 |
| Median Home Price | $245,000 | $230,000 |
| Average Rent (2 BR Apartment) | $1200 | $1200 |
| Average Rent (2 BR House) | $1272 | $1360 |
Housing Comparison: Franklin vs Gallup
- In Franklin, the median home price is higher at $245,000, while in Gallup it is $230,000.
- The rent for a two-bedroom apartment is equal in both Franklin and Gallup 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 | Franklin | Gallup |
|---|---|---|
| Electricity Price | $14.89 | $14.44 |
| Natural Gas Price | $Data is updating | $Data is updating |
| Other Utilities | $250 | $200 |
Utilities Comparison: Franklin vs Gallup
- Electricity costs are higher in Franklin at $14.89 per kWh, compared to $14.44 in Gallup.
- Natural gas price data is currently unavailable.
- Other utility costs are higher in Franklin at an average of $250, compared to Gallup with $200.