Last update: Oct 2026

Cost of Living Comparison Between Franklin, TN and New York, NY

For one person, living is cheaper in Franklin, TN: $3,122 a month against $4,941 in New York, NY, rent and utilities included – about $21,800 less a year. Rent and utilities account for most of the difference.

239

Cost of Living Index in New York, NY
Learn more

New York, NY Living Index

Jump to prices

Franklin, TN

🇺🇸 United States

$3,122

/mo nomad

New York, NY

🇺🇸 United States

$4,941

/mo nomad

Monthly Cost of Living

How much you'll spend in Franklin, TN and in New York, NY

Real prices from locals and on-the-ground checks – rent, groceries, transit and the daily extras. Here's what a month in Franklin, TN and in New York, NY actually costs, broken down by who's living it.

A single person spends $3,122 per month in Franklin, TN vs $4,941 in New York, NY, rent included.

Franklin, TN $3,122
New York, NY $4,941

A couple spends around $4,506 per month in Franklin, TN vs $7,225 in New York, NY, rent included.

Franklin, TN $4,506
New York, NY $7,225

A family of three spends $5,889 per month in Franklin, TN vs $9,509 in New York, NY, rent included.

Franklin, TN $5,889
New York, NY $9,509

Franklin, TN is about 37% cheaper than New York, NY, and outside of rent the biggest gap is in groceries.

Both Franklin, TN and New York, NY sit above the global median – Franklin, TN by 129%, New York, NY by 263%.

Meal at Budget Restaurant

$28.12 $28.12

$28.55 $28.55

-1.51%

Three-Course Dinner for Two, Mid-Range

$87.3 $87.3

$118 $118

-26.26%

Fast Food Meal (McDonalds, etc)

$11.90 $11.90

$15.04 $15.04

-20.88%

Cappuccino

$7.33 $7.33

$6.53 $6.53

12.25%

Coke/Pepsi/Fanta/Sprite (0.33 liter bottle)

$3.37 $3.37

$3.96 $3.96

-14.90%

Water (0.33 liter bottle)

$2.29 $2.29

$3.01 $3.01

-23.92%

Local Beer (0.5 liter draught)

$7.55 $7.55

$8.16 $8.16

-7.48%

Imported Beer (0.33 liter bottle)

$8.07 $8.07

$9.84 $9.84

-17.99%

Milk (1 liter)

$1.31 $1.31

$1.37 $1.37

-4.38%

White Bread (500g)

$3.81 $3.81

$4.97 $4.97

-23.34%

Rice (white) (1kg)

$7.81 $7.81

Eggs

$5.71 $5.71

$5.97 $5.97

-4.36%

Local Cheese (1kg)

$15.47 $15.47

$18.91 $18.91

-18.19%

Chicken Fillets (1kg)

$17.84 $17.84

$18.04 $18.04

-1.11%

Beef Round Steak (1kg)

$19.05 $19.05

Apples (1kg)

$3.94 $3.94

$6.76 $6.76

-41.72%

Banana (1kg)

$1.93 $1.93

$2.27 $2.27

-14.98%

Oranges (1kg)

$6.83 $6.83

Tomato (1kg)

$7.09 $7.09

Potato (1kg)

$1.97 $1.97

$4.22 $4.22

-53.32%

Onion (1kg)

$2.13 $2.13

$4.65 $4.65

-54.19%

Lettuce (1 head)

$2.47 $2.47

$2.87 $2.87

-13.94%

Water (1.5 liter bottle)

$2.60 $2.60

Cigarettes 20 Pack (Marlboro, Camel)

$9.46 $9.46

$18.77 $18.77

-49.60%

Wine (Bottle)

$12.87 $12.87

$20.13 $20.13

-36.07%

Local Beer (0.5 liter bottle)

$3.45 $3.45

Imported Beer (0.33 liter bottle)

$4.02 $4.02

One-way Ticket (Public Transport)

$0.98 $0.98

$2.91 $2.91

-66.32%

Public Transport Monthly Pass (Regular Price)

$61.0 $61.0

$139 $139

-56.08%

Taxi Start (Normal Tariff)

$3.08 $3.08

Taxi (Normal Tariff) (1km)

$2.12 $2.12

Taxi 1hour Waiting (Normal Tariff)

$41.96 $41.96

Gasoline (1 liter)

$0.87 $0.87

$1.17 $1.17

-25.64%

Midsize Hatchback 1.4l (Volkswagen Golf, Toyota Prius, Honda Civic, etc)

$28.1K $28.1K

$34.5K $34.5K

-18.51%

Compact Sedan 1.6l (Toyota Corolla, Mazda3, Kia K4, Hyundai Elantra, etc)

$27.2K $27.2K

$25.9K $25.9K

5.25%

Utilities for 2 People in 2-bedroom Apartment (Heating, Electricity, Gas, Water, Garbage) (85m2)

$214 $214

$219 $219

-2.69%

SIM Card Monthly Plan (Calls and 10GB+ Data)

$116 $116

$74.2 $74.2

56.16%

Internet (50+ Mbps, Unlimited Data)

$90.5 $90.5

$70.2 $70.2

28.83%

Gym Membership (Monthly)

$58.6 $58.6

$112 $112

-47.66%

Tennis Court (1 Hour on Weekend)

$74.9 $74.9

Cinema Ticket

$16.06 $16.06

$22.14 $22.14

-27.46%

Preschool or Kindergarten, Full Day, Private, 1 Child (Monthly)

$397 $397

$3,558 $3,558

-88.84%

International Primary School, 1 Child (Yearly)

$62.2K $62.2K

Jeans (Levis 501 Or Similar)

$98.6 $98.6

$75.6 $75.6

30.43%

Summer Dress (H&M, Zara, etc)

$63.7 $63.7

$51.2 $51.2

24.32%

Sport Shoes (Adidas, Nike)

$75.6 $75.6

$123 $123

-38.66%

Men's Leather Business Shoes

$112 $112

$140 $140

-19.80%

1-bedroom Apartment, City Center (Monthly)

$1,924 $1,924

$4,499 $4,499

-57.23%

1-bedroom Apartment, Outside City Center (Monthly)

$1,677 $1,677

$3,078 $3,078

-45.52%

3-bedroom Apartment, City Center (Monthly)

$3,203 $3,203

$9,447 $9,447

-66.09%

3-bedroom Apartment, Outside City Center (Monthly)

$2,711 $2,711

$5,190 $5,190

-47.76%

Buy Apartment in City Center (m2)

$3,526 $3,526

$18.1K $18.1K

-80.53%

Buy Apartment Outside City Center (m2)

$2,932 $2,932

$6,693 $6,693

-56.18%

Average Monthly Net Salary (After Tax)

$6,239 $6,239

$5,220 $5,220

19.52%

20-Year Fixed Mortgage Interest Rate (Annual %)

6.59

6.86

-3.94%

CityCost data is based on AI and user input – minor inaccuracies may occur.

Last update for Franklin, TN: October 25, 2026

Last update for New York, NY: October 26, 2026

Monthly budget structure

Share of the monthly basket for one person, rent included.

Accommodation & Living

Franklin, TN

–

New York, NY

$3.1K 62.3%

Groceries & Markets

Franklin, TN

–

New York, NY

$563 11.4%

Eating Out

Franklin, TN

–

New York, NY

$440 8.9%

Monthly Utilities & Internet

Franklin, TN

–

New York, NY

$364 7.4%

Clothing & Footwear

Franklin, TN

–

New York, NY

$175 3.6%

Getting Around

Franklin, TN

–

New York, NY

$164 3.3%

Sport & Entertainment

Franklin, TN

–

New York, NY

$156 3.2%

Cost Breakdown

A central one-bedroom costs $1,924 in Franklin, TN versus $4,499 in New York, NY. Rent is usually the largest line item in a monthly budget, so the gap here sets the tone for the overall comparison.

Salaries run about 20% higher in Franklin, TN, which reinforces the cost advantage – you earn more and spend less. Purchasing power leans clearly in its favor.

A mid-range dinner for two costs $87 in Franklin, TN versus $118 in New York, NY. Monthly groceries follow the same trend: $287 vs $563 – making Franklin, TN the more affordable choice for daily food spending.

Good to know

🇺🇸 Franklin, TN

🇺🇸 New York, NY

🕒 Local time

20:39 8:39 PM

21:39 9:39 PM

1 h ahead of Franklin, TN

🌤 Weather

👥 Population

83,454

8,804,190

💱 Currency

United States Dollar USD $

📈 Exchange rate

1 USD = 0.892 EUR

Exchange rates and currency converter

On the map

Lowest

Highest

Between locations

Franklin, TN New York, NY 1,220 km ≈ 2 h nonstop flight

From you

Franklin, TN
New York, NY

Distances are measured in a straight line. Your location is detected approximately.

City Median Internet Speeds Comparison (Updated April 2026)

The chart highlights the Precision Threshold for mobile and fixed broadband internet speeds, updated quarterly.

Digital Nomad Cost of Living Index

Franklin, TN vs New York, NY: Cost of Living - Frequently Asked Questions

Monthly costs with rent: $3,122 in Franklin, TN, $4,941 in New York, NY – Franklin, TN comes out roughly 37% cheaper. Outside of rent, the biggest gap is in groceries.

For a comfortable life, plan on about $4,683 per month in Franklin, TN and $7,412 in New York, NY. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

Rent is clearly cheaper in Franklin, TN, especially for central apartments: a one-bedroom in the center costs $1,924 there versus $4,499 in New York, NY.

Public transport costs about 56% less in Franklin, TN. For daily commuters, that gap adds up to noticeable savings over a year.

Kindergarten costs $397 per month in Franklin, TN and $3,558 in New York, NY. For families with young kids, this one expense can tip the scales when choosing between the two cities.

$3,000 is a stretch for both – monthly costs hit $3,122 in Franklin, TN and $4,941 in New York, NY. You’ll need shared housing and careful budgeting no matter which city you pick.

It depends on your priorities. New York, NY has an edge in some lifestyle areas, with costs from $3,122 in Franklin, TN to $4,941 in New York, NY. Climate, culture, job market, and personal taste all factor in.

For expats, Franklin, TN is the easier option financially – housing and daily costs are lower, and overall it costs about 37% less, which matters a lot on a fixed budget or early-career salary.