Cost of Living: Franklin, WI vs Lansing, MI
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Franklin | Lansing |
|---|---|---|
| Housing Index | 90.0 | 85.0 |
| Median Home Price | $305,000 | $228,500 |
| Average Rent (2 BR Apartment) | $1200 | $1200 |
| Average Rent (2 BR House) | $1200 | $1360 |
Housing Comparison: Franklin vs Lansing
- In Franklin, the median home price is higher at $305,000, while in Lansing it is $228,500.
- The rent for a two-bedroom apartment is equal in both Franklin and Lansing 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 | Lansing |
|---|---|---|
| Electricity Price | $17.6 | $19.88 |
| Natural Gas Price | $11.5 | $15.42 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Franklin vs Lansing
- Lansing has higher electricity costs at $19.88 per kWh, versus $17.6 in Franklin.
- Lansing experiences higher natural gas costs at $15.42 per unit, with costs at $11.5 in Franklin.
- Utility expenses are equal in both Franklin and Lansing averaging $250.