What is a pro or con of living in Franklin township (Somerset County), New Jerseycompared to Franklin borough (Sussex County), New Jersey?

Median Home Cost is 111% more expensive in Franklin township (Somerset County).

What is a cost of living index?

A Cost of living index is a number starting at 100(100 = US Average). Higher means the place is more expensive than the US Average and lower than 100 means the place is less expensive than the US Average.

FRANKLIN BOROUGH (SUSSEX COUNTY) vs. FRANKLIN TOWNSHIP (SOMERSET COUNTY)
Cost of Living Comparison

Franklin borough (Sussex County), New Jersey vs. Franklin township (Somerset County), New Jersey

Q: What salary do I need to live in Franklin township (Somerset County), New Jersey copmared to Franklin borough (Sussex County), New Jersey?

A salary of $50,000 in Franklin borough (Sussex County), New Jersey should increase to $55,250 in Franklin township (Somerset County), New Jersey (assumptions include Homeowner, no Child Care, and Taxes are not considered.

Cost of Living Comparison

The cost of living in Franklin township (Somerset County), New Jersey is 10.5% more expensive than Franklin borough (Sussex County), New Jersey.

You would need a salary of $55,250 in Franklin township (Somerset County), New Jersey to maintain the standard of living you have in Franklin borough (Sussex County), New Jersey.

Comparison highlights

• Overall, Franklin township (Somerset County), New Jersey is more expensive than Franklin borough (Sussex County), New Jersey
• Median Home Cost is the biggest factor in the cost of living difference.

Median Home Cost
111% more expensive in Franklin township (Somerset County)
than in Franklin borough (Sussex County), New Jersey

Franklin Borough (Sussex County), NJ vs. Franklin Township (Somerset County), NJ

Compared to Franklin Borough (Sussex County), Franklin Township (Somerset County) is:

Homeowner

No Child Care, Taxes not Considered

10.5% higher

Child Care, Taxes not Considered

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Child Care, Taxes Considered

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No Child Care, Taxes Considered

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Renter

No Child Care, Taxes not Considered

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Child Care, Taxes not Considered

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Child Care, Taxes Considered

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No Child Care, Taxes Considered

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Food

3.5% higher

Housing (Homeowner)

88.1% higher

Housing (Rent)

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Median Home Cost

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Utilities

14.9% higher

Commute

1.1% lower

Health

1.6% lower

Taxes

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Childcare

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Personal

8.7% higher

Cost of Food

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Franklin borough (Sussex County), New Jersey vs. Franklin township (Somerset County), New Jersey

Cost of Living Comparison

Comparison highlights

Franklin Borough (Sussex County), NJ vs. Franklin Township (Somerset County), NJ

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