New Franklin, MO vs Ashley, IN: Cost of Living

Which city costs less?

Ashley, IN has a modeled overall cost index 0.6% lower than New Franklin, MO.

New Franklin, MO · modeled 2BR rent
$940 / month
Ashley, IN · modeled 2BR rent
$960 / month

These are saved estimates, not current rental listings. Some cities use adjusted regional data. Your household budget can differ from the overall index. Sources and assumptions

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Cost of Living Comparison 2026

Compare New Franklin, MO and Ashley, IN using saved regional data and explicit budgeting assumptions. Rent estimates are not live listings. Change the salary below, then check the source notes before applying a result to your household.

Saved regional estimates · Sources and assumptions

$
Numbers update automatically as you type

Estimated savings: $81.86/month in Ashley, IN

$150,000 in your current city has a modeled equivalent of $149,018 in Ashley, IN

Regional cost estimates: New Franklin, MO uses Kansas City, MO. Ashley, IN uses Fort Wayne, IN. Available city ZIP rent estimates are shown separately.
Overall Cost
↓ 0.6%
Less expensive
Monthly Impact
$81.86
Savings
Annual Impact
$982
Per year

Assumes 60% of current gross income goes to living costs. The headline uses the category budget below; taxes, moving costs and savings goals are excluded.

New Franklin, MO

Population:1K
Cost Index:
73.7
100 = national average
Typical Home:$193K

Ashley, IN

Population:1K
Cost Index:
73.3
100 = national average
Typical Home:$187K

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New Franklin, MO

The Show-Me State

1K
Population
State Tax
Yes

Located in Missouri, this city has a population of 1K residents.

Ashley, IN

The Hoosier State

1K
Population
State Tax
Yes

Located in Indiana, this city has a population of 1K residents.

Cost Breakdown by Category

Estimated monthly spending: New Franklin, MO vs Ashley, IN

Assumes 60% of your current gross income is spent on these categories. The headline and totals use this same budget. Rent estimates below are separate reference data. Rounded amounts may differ by $1.

Housing
↓ 6.8%
New Franklin, MO
$2,022
Ashley, IN
$1,883
Difference
$138
less
Transportation
↑ 5.4%
New Franklin, MO
$1,297
Ashley, IN
$1,367
Difference
$69.86
more
All Utilities
↓ 2.5%
New Franklin, MO
$631
Ashley, IN
$615
Difference
$15.95
less
Groceries
↑ 0.6%
New Franklin, MO
$1,119
Ashley, IN
$1,125
Difference
$6.18
more
Healthcare
↓ 0.4%
New Franklin, MO
$716
Ashley, IN
$713
Difference
$2.92
less
Other
↓ 0.1%
New Franklin, MO
$1,715
Ashley, IN
$1,714
Difference
$0.91
less

🏠Rent Comparison

Studio
From$650
To$700
↑ $50.00
1 Bed
From$720
To$730
↑ $10.00
2 Bed
From$940
To$960
↑ $20.00
3 Bed
From$1,130
To$1,200
↑ $70.00
New Franklin, MOZIP-level data

1BR range: $720–$720/mo

Ashley, INZIP-level data

1BR range: $730–$730/mo

💡 Note: HUD Fair Market Rents estimate 40th-percentile gross rents, including most tenant-paid utilities. City ZIP summaries are medians of those estimates, not market median rents. Actual prices vary by neighborhood, amenities, and condition. Source: HUD Small Area Fair Market Rents FY2026.

$7,500
Monthly in New Franklin, MO
$7,418
Monthly in Ashley, IN
$81.86
Difference

Home Values

New Franklin
Ashley
$193K
Median Value
$187K
↑ +2%
YoY Change
↑ +6.1%
↑ +43.6%
5-Year Change
↑ +41.9%

Homes in Ashley are 3% less expensive than New Franklin

Calculate payment - New FranklinCalculate payment - Ashley

Source: Zillow Home Value Index (ZHVI), January 2026

Tax Comparison

Annual tax burden comparison at $150.0K salary

Tax Savings
↑ $3.1K
Per year
Monthly Difference
$257
More take-home
Effective Rate Diff
2.1%
Rate difference

New Franklin, MO

Federal Income Tax
Effective: 18.9%
$25.5K
Missouri State Tax
Effective: 5.3%
$7.9K
FICA Taxes
Social Security + Medicare
$11.5K
Total Taxes
Effective: 30.0%
$44.9K
Take-Home Pay
$8,755/month
$105.1K

Ashley, IN

Federal Income Tax
Effective: 18.9%
$25.5K
Indiana State Tax
Effective: 3.2%
$4.8K
FICA Taxes
Social Security + Medicare
$11.5K
Total Taxes
Effective: 27.9%
$41.9K
Take-Home Pay
$9,012/month
$108.1K

Additional Tax Information

New Franklin, MO Tax Rates

Sales Tax:8.2%
Property Tax:1.0%

Ashley, IN Tax Rates

Sales Tax:7.0%
Property Tax:0.9%

💡 Note: Tax calculations are estimates based on 2024/2025 tax brackets for single filers with standard deduction. Actual taxes may vary based on filing status, deductions, credits, and local variations.

Environment

New Franklin
Ashley
46 Good
Air Quality
45 Good
59.3%
Good Air Days
62.6%
97 High
Climate Risk
91 Moderate
🌊🌡🌪
Top Hazards
🌊🌪💨
▲+3.3°F
2050 Outlook
▲+3.1°F
44 days
Heat Days >95°F
17 days
▲+3.3°F
2050 Outlook
▲+3.1°F
44 days
Heat Days >95°F
17 days

Before moving from New Franklin, MO to Ashley, IN

Use this comparison to shortlist a move, then check the costs that depend on your household.

  1. Compare actual homes. Get current quotes in Ashley, IN for the same bedroom count and included utilities as your home in New Franklin, MO. Add parking, deposits, insurance and any overlapping leases. The rent estimates above are a starting point, not available listings.
  2. Confirm your income. Check your expected pay with your employer, including any location adjustment. Use “Different salary at destination?” above to compare two incomes. The budget model excludes taxes and one-time moving costs; it is not a take-home-pay calculation.
  3. Price your daily routine. Check the commute from a specific address to work, school or childcare. Add household expenses missing from this model, such as childcare, debt payments and medical needs. Verify local services before signing a lease.
  4. Plan the transition. Get moving quotes and budget for travel, setup costs and time off. Open your New Franklin to Ashley moving checklist to organize the tasks and timing.

Still choosing a destination? Explore cities similar to Ashley, IN by cost, housing, population and region.

Frequently Asked Questions: New Franklin, MO vs Ashley, IN

How do the cost estimates for New Franklin, MO and Ashley, IN compare?

Ashley, IN has a modeled overall cost index 0.6% lower than New Franklin, MO. This is a broad model comparison, not a survey of today's prices or a forecast of your household spending. Some cities use adjusted regional fallback data.

What does the equivalent salary mean?

At a $150,000 salary in New Franklin, MO, the model estimates $149,018 in Ashley, IN. It allocates 60% of gross income to the origin city’s category budget and applies each destination category’s relative cost. The equivalent salary adds the total category difference to your income. The monthly difference is the same category difference divided by 12; it is not take-home pay or guaranteed savings. Household size, childcare and your actual lease are not inputs to this calculation.

What rent estimates are available for New Franklin, MO and Ashley, IN?

The modeled two-bedroom rents are $940/month in New Franklin, MO and $960/month in Ashley, IN. Where available, the source is a city median of HUD FY2026 ZIP-level estimates; otherwise a saved metro table is used. City adjustments may also apply. These are not asking rents or available listings. Compare actual properties with the same bedroom count and included utilities.

How should I use this comparison before moving?

Use it to shortlist locations, then replace modeled costs with a current housing quote, employer-confirmed income, commute costs, insurance and your household's other expenses. Add one-time moving costs separately. Source years differ and the saved datasets are not a live price feed. Read the methodology for the formulas and fallback rules.

💰 See how taxes change too — compare take-home pay between Missouri and Indiana on TaxTakeHome.com

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