Franklin, NY County is a popular residential area for those looking to settle in the northeast. Apartments are much more affordable than the national average, with a 2 bedroom rental costing just $830. The cost of groceries is slightly higher than the US average, at 103 compared to 100. There are many local companies based in Franklin as well, such as Advantage Realty Group providing real estate services, and WCCS offering accounting and financial management consulting services. Additionally, there are plenty of shops and restaurants that contribute to the local economy of Franklin County.
Franklin County has an unemployment rate of 6.5%. The US average is 6.0%.
Franklin County has seen the job market increase by 0.6% over the last year. Future job growth over the next ten years is predicted to be 23.1%, which is lower than the US average of 33.5%.
Tax Rates for Franklin County
- The Sales Tax Rate for Franklin County is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Franklin County is 6.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Franklin County
- The average income of a Franklin County resident is $22,322 a year. The US average is $28,555 a year.
- The Median household income of a Franklin County resident is $55,279 a year. The US average is $69,021 a year.