What is a pro or con of living in Banner Elk, North Carolinacompared to Franklin, North Carolina?

Median Home Cost is 74% more expensive in Banner Elk.

What salary do I need to live in Banner Elk, North Carolina copmared to Franklin, North Carolina?

A salary of $50,000 in Franklin, North Carolina should increase to $57,809 in Banner Elk, North Carolina (assumptions include Homeowner, no Child Care, and Taxes are not considered.

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 vs. BANNER ELK
Cost of Living Comparison

Franklin, North Carolina vs. Banner Elk, North Carolina

Cost of Living Comparison

The cost of living in Banner Elk, North Carolina is 15.6% more expensive than Franklin, North Carolina.

You would need a salary of $57,809 in Banner Elk, North Carolina to maintain the standard of living you have in Franklin, North Carolina.

Comparison highlights

• Overall, Banner Elk, North Carolina is more expensive than Franklin, North Carolina
• Median Home Cost is the biggest factor in the cost of living difference.

Median Home Cost
74% more expensive in Banner Elk
than in Franklin, North Carolina

Franklin, NC vs. Banner Elk, NC

Compared to Franklin, Banner Elk is:

Homeowner

No Child Care, Taxes not Considered

15.6% 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

3.9% higher

Housing (Homeowner)

63.6% higher

Housing (Rent)

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Median Home Cost

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Utilities

12.6% lower

Commute

3.8% higher

Health

1.1% higher

Taxes

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Childcare

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Personal

3.8% lower

Cost of Food

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Franklin, North Carolina vs. Banner Elk, North Carolina

Cost of Living Comparison

Comparison highlights

Franklin, NC vs. Banner Elk, NC

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