Last update: Oct 2026

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

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.

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Cost of Living Index in New York, NY
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New York, NY Living Index

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New York, NY

🇺🇸 United States

$4,941

/mo nomad

Franklin, TN

🇺🇸 United States

$3,122

/mo nomad

Monthly Cost of Living

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

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

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

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

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

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

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

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

New York, NY costs about 58% more than Franklin, TN, and outside of rent the biggest gap is in groceries.

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

Meal at Budget Restaurant

$28.55 $28.55

$28.12 $28.12

1.53%

Three-Course Dinner for Two, Mid-Range

$118 $118

$87.3 $87.3

35.62%

Fast Food Meal (McDonalds, etc)

$15.04 $15.04

$11.90 $11.90

26.39%

Cappuccino

$6.53 $6.53

$7.33 $7.33

-10.91%

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

$3.96 $3.96

$3.37 $3.37

17.51%

Water (0.33 liter bottle)

$3.01 $3.01

$2.29 $2.29

31.44%

Local Beer (0.5 liter draught)

$8.16 $8.16

$7.55 $7.55

8.08%

Imported Beer (0.33 liter bottle)

$9.84 $9.84

$8.07 $8.07

21.93%

Milk (1 liter)

$1.37 $1.37

$1.31 $1.31

4.58%

White Bread (500g)

$4.97 $4.97

$3.81 $3.81

30.45%

Rice (white) (1kg)

$7.81 $7.81

Eggs

$5.97 $5.97

$5.71 $5.71

4.55%

Local Cheese (1kg)

$18.91 $18.91

$15.47 $15.47

22.24%

Chicken Fillets (1kg)

$18.04 $18.04

$17.84 $17.84

1.12%

Beef Round Steak (1kg)

$19.05 $19.05

Apples (1kg)

$6.76 $6.76

$3.94 $3.94

71.57%

Banana (1kg)

$2.27 $2.27

$1.93 $1.93

17.62%

Oranges (1kg)

$6.83 $6.83

Tomato (1kg)

$7.09 $7.09

Potato (1kg)

$4.22 $4.22

$1.97 $1.97

114.21%

Onion (1kg)

$4.65 $4.65

$2.13 $2.13

118.31%

Lettuce (1 head)

$2.87 $2.87

$2.47 $2.47

16.19%

Water (1.5 liter bottle)

$2.60 $2.60

Cigarettes 20 Pack (Marlboro, Camel)

$18.77 $18.77

$9.46 $9.46

98.41%

Wine (Bottle)

$20.13 $20.13

$12.87 $12.87

56.41%

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)

$2.91 $2.91

$0.98 $0.98

196.94%

Public Transport Monthly Pass (Regular Price)

$139 $139

$61.0 $61.0

127.70%

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)

$1.17 $1.17

$0.87 $0.87

34.48%

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

$34.5K $34.5K

$28.1K $28.1K

22.71%

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

$25.9K $25.9K

$27.2K $27.2K

-4.99%

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

$219 $219

$214 $214

2.76%

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

$74.2 $74.2

$116 $116

-35.96%

Internet (50+ Mbps, Unlimited Data)

$70.2 $70.2

$90.5 $90.5

-22.38%

Gym Membership (Monthly)

$112 $112

$58.6 $58.6

91.07%

Tennis Court (1 Hour on Weekend)

$74.9 $74.9

Cinema Ticket

$22.14 $22.14

$16.06 $16.06

37.86%

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

$3,558 $3,558

$397 $397

795.79%

International Primary School, 1 Child (Yearly)

$62.2K $62.2K

Jeans (Levis 501 Or Similar)

$75.6 $75.6

$98.6 $98.6

-23.33%

Summer Dress (H&M, Zara, etc)

$51.2 $51.2

$63.7 $63.7

-19.56%

Sport Shoes (Adidas, Nike)

$123 $123

$75.6 $75.6

63.02%

Men's Leather Business Shoes

$140 $140

$112 $112

24.69%

1-bedroom Apartment, City Center (Monthly)

$4,499 $4,499

$1,924 $1,924

133.83%

1-bedroom Apartment, Outside City Center (Monthly)

$3,078 $3,078

$1,677 $1,677

83.55%

3-bedroom Apartment, City Center (Monthly)

$9,447 $9,447

$3,203 $3,203

194.91%

3-bedroom Apartment, Outside City Center (Monthly)

$5,190 $5,190

$2,711 $2,711

91.42%

Buy Apartment in City Center (m2)

$18.1K $18.1K

$3,526 $3,526

413.50%

Buy Apartment Outside City Center (m2)

$6,693 $6,693

$2,932 $2,932

128.23%

Average Monthly Net Salary (After Tax)

$5,220 $5,220

$6,239 $6,239

-16.33%

20-Year Fixed Mortgage Interest Rate (Annual %)

6.86

6.59

4.10%

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

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

Last update for Franklin, TN: October 25, 2026

Monthly budget structure

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

Accommodation & Living

New York, NY

$3.1K 62.3%

Franklin, TN

–

Groceries & Markets

New York, NY

$563 11.4%

Franklin, TN

–

Eating Out

New York, NY

$440 8.9%

Franklin, TN

–

Monthly Utilities & Internet

New York, NY

$364 7.4%

Franklin, TN

–

Clothing & Footwear

New York, NY

$175 3.6%

Franklin, TN

–

Getting Around

New York, NY

$164 3.3%

Franklin, TN

–

Sport & Entertainment

New York, NY

$156 3.2%

Franklin, TN

–

Cost Breakdown

A central one-bedroom costs $4,499 in New York, NY versus $1,924 in Franklin, TN. 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 $118 in New York, NY versus $87 in Franklin, TN. Monthly groceries follow the same trend: $563 vs $287 – making Franklin, TN the more affordable choice for daily food spending.

Good to know

🇺🇸 New York, NY

🇺🇸 Franklin, TN

🕒 Local time

04:37 4:37 AM

03:37 3:37 AM

1 h behind New York, NY

🌤 Weather

👥 Population

8,804,190

83,454

💱 Currency

United States Dollar USD $

📈 Exchange rate

1 USD = 0.893 EUR

Exchange rates and currency converter

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Between locations

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

From you

New York, NY
Franklin, TN

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

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

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

For a comfortable life, plan on about $7,412 per month in New York, NY and $4,683 in Franklin, TN. 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 $3,558 per month in New York, NY and $397 in Franklin, TN. 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 $4,941 in New York, NY and $3,122 in Franklin, TN. 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.