Franklinton, NC is a lovely town located in Franklin County. The cost of living in Franklinton is very affordable, with the average 2-bedroom rent being $1,100 compared to the US average of $1,430. Grocery costs are equally as budget-friendly with the cost index being 96 compared to 100 in the US. Not only are prices low but there is plenty of opportunity for employment within the city limits. Some local companies include Primo Water Group, Inc., Freshouse Foods and Blackwelder Enterprises.
Overall, Franklinton provides an ideal location for individuals searching for an affordable yet high quality lifestyle. With its charming downtown area, plethora of jobs opportunities and friendly community atmosphere, it’s no wonder many people consider it a great place to live!
Franklinton has an unemployment rate of 4.5%. The US average is 6.0%.
Franklinton has seen the job market increase by 2.9% over the last year. Future job growth over the next ten years is predicted to be 42.8%, which is higher than the US average of 33.5%.
Tax Rates for Franklinton
- The Sales Tax Rate for Franklinton is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Franklinton is 5.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Franklinton
- The average income of a Franklinton resident is $17,160 a year. The US average is $28,555 a year.
- The Median household income of a Franklinton resident is $58,472 a year. The US average is $69,021 a year.