Cost of Living: Franklin, TX vs Palmetto, FL
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Franklin | Palmetto |
|---|---|---|
| Housing Index | 90.0 | 115.0 |
| Median Home Price | $212,000 | $285,000 |
| Average Rent (2 BR Apartment) | $1200 | $1800 |
| Average Rent (2 BR House) | $1200 | $1825 |
Housing Comparison: Franklin vs Palmetto
- The median home price in Palmetto is higher at $285,000, compared to $212,000 in Franklin.
- In Palmetto, the rental for a two-bedroom apartment stands at $1,800, while it is $1,200 in Franklin.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Franklin | Palmetto |
|---|---|---|
| Electricity Price | $14.47 | $13.89 |
| Natural Gas Price | $26.29 | $26.13 |
| Other Utilities | $200 | $250 |
Utilities Comparison: Franklin vs Palmetto
- Electricity costs are higher in Franklin at $14.47 per kWh, compared to $13.89 in Palmetto.
- Natural gas is more expensive in Franklin at $26.29 per unit, while it is cheaper at $26.13 in Palmetto.
- Palmetto has higher utility expenses, averaging $250, while Franklin averages $200.