Cost of Living: Ripley, TN vs Franklin, IN
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Ripley | Franklin |
|---|---|---|
| Housing Index | 85.0 | 85.0 |
| Median Home Price | $158,000 | $245,000 |
| Average Rent (2 BR Apartment) | $1200 | $1200 |
| Average Rent (2 BR House) | $1360 | $1272 |
Housing Comparison: Ripley vs Franklin
- The median home price in Franklin is higher at $245,000, compared to $158,000 in Ripley.
- The rent for a two-bedroom apartment is equal in both Ripley and 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 | Ripley | Franklin |
|---|---|---|
| Electricity Price | $12.57 | $14.89 |
| Natural Gas Price | $12.35 | $Data is updating |
| Other Utilities | $220 | $250 |
Utilities Comparison: Ripley vs Franklin
- Franklin has higher electricity costs at $14.89 per kWh, versus $12.57 in Ripley.
- Natural gas price data is currently unavailable.
- Franklin has higher utility expenses, averaging $250, while Ripley averages $220.