Cost of Living: Franklin, IN vs Ames, IA
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Franklin | Ames |
|---|---|---|
| Housing Index | 85.0 | 90.0 |
| Median Home Price | $245,000 | $320,000 |
| Average Rent (2 BR Apartment) | $1200 | $1200 |
| Average Rent (2 BR House) | $1272 | $1440 |
Housing Comparison: Franklin vs Ames
- The median home price in Ames is higher at $320,000, compared to $245,000 in Franklin.
- The rent for a two-bedroom apartment is equal in both Franklin and Ames 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 | Ames |
|---|---|---|
| Electricity Price | $14.89 | $14.82 |
| Natural Gas Price | $Data is updating | $15.61 |
| Other Utilities | $250 | $180 |
Utilities Comparison: Franklin vs Ames
- Electricity costs are higher in Franklin at $14.89 per kWh, compared to $14.82 in Ames.
- Natural gas price data is currently unavailable.
- Other utility costs are higher in Franklin at an average of $250, compared to Ames with $180.