Franklin, TN vs. Madison, TN: Cost of Living Comparison (2025)
Which Tennessee city wins on cost in 2025: Franklin or Madison? This article provides a head-to-head cost of living comparison, perfect for families relocating, professionals choosing between job offers, or anyone comparing the real-life expenses of living in Franklin vs Madison.
1. Housing Costs
Housing is often the biggest factor in the cost of living in Franklin and Madison. Here’s how typical rent and home prices compare:
| Housing Type | Franklin | Madison |
|---|---|---|
| Median 2BR Apartment Rent | $1,650 | $1,450 |
| Median 3BR Home Price | $550,000 | $450,000 |
🏆 Winner: Madison. Housing costs around 10-20% less in Madison compared to Franklin.
2. Utilities and Energy Costs
Utility bills are another key part of your average monthly expenses in Franklin or Madison. Expect to pay:
- Franklin: $180-$250/month
- Madison: $150-$220/month
Both cities have similar climates, so heating and cooling needs are comparable. Madison residents save a bit on water/sewer fees.
🏆 Winner: Madison, but utility costs are fairly close between the two.
3. Groceries and Daily Expenses
For a family of four, a typical monthly grocery budget is around:
- Franklin: $1,000-$1,200
- Madison: $900-$1,100
Restaurant prices are about 5% higher in Franklin too. Budget an extra $50-$100/month for dining out compared to Madison.
🏆 Winner: Madison. Expect to spend 5-10% less on food and daily goods.
4. Taxes and Fees
Neither city has its own income tax, but property taxes differ:
- Franklin: 0.52% average property tax rate
- Madison: 0.68% average property tax rate
However, with lower home values, the typical dollar amount paid is still less in Madison. Both cities charge similar fees for services and permits.
🏆 Winner: Madison. Lower home prices offset a slightly higher tax rate.
5. Cost Summary Table
| Expense | Franklin | Madison |
|---|---|---|
| Housing | $1,650 | $1,450 |
| Utilities | $220 | $200 |
| Groceries | $1,100 | $1,000 |
| Transportation | $200 | $180 |
| Taxes | $450 | $400 |
| Misc | $500 | $450 |
| Estimated Monthly Total | $4,120 | $3,680 |
Note: All income figures are expressed as gross monthly income (pre-tax). Actual take-home pay will be lower.
6. Lifestyle Fit
While Madison is more affordable overall, Franklin offers perks like more walkable neighborhoods and quicker access to Nashville.
Madison has more space and a slower pace, great for young families. Franklin’s historic downtown and festivals draw more tourists.
7. FAQ
Is Franklin more affordable than Madison?
No, Madison is around 10% cheaper than Franklin, mainly due to lower housing costs.
Which city has lower rent?
Typical rent in Madison is $200-$300 less per month compared to Franklin.
Where is it cheaper to buy a home?
Madison. The median home price is about $100,000 less than in Franklin.
8. Conclusion
While both Franklin and Madison offer a high quality of life, Madison comes out ahead on sheer cost of living. A household moving from Franklin to Madison might save $400 per month on expenses.
However, Franklin’s charm and location still make it a great choice for those who value walkability and easy access to Nashville. Consider other cost of living breakdowns for TN cities to find your ideal fit!