Franklin Springs, GA is a small town located in Northeast Georgia. Home to just over 2,000 residents, it offers a peaceful and quiet atmosphere that those looking for an escape from city life often seek. Its affordability makes it an ideal place to live for those who want to save money on rent and other costs of living. The average two bedroom rent in Franklin Springs is only $790 compared with the national average of $1,430, making it a great option for those on a budget. Additionally, the local Grocery Cost Index in Franklin Springs is 95 versus 100 in the US which also makes it more affordable than many other places. It is home to several local businesses such as Franklin Veterinary Clinic, Bowman's Pharmacy and Barretts Auto Repair which all provide services that benefit locals and visitors alike. In short, Franklin Springs is an excellent place to live due its affordability and convenience provided by its local companies.
Franklin Springs has an unemployment rate of 3.7%. The US average is 6.0%.
Franklin Springs has seen the job market increase by 2.6% over the last year. Future job growth over the next ten years is predicted to be 49.4%, which is higher than the US average of 33.5%.
Tax Rates for Franklin Springs
- The Sales Tax Rate for Franklin Springs is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Franklin Springs is 6.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Franklin Springs
- The average income of a Franklin Springs resident is $15,363 a year. The US average is $28,555 a year.
- The Median household income of a Franklin Springs resident is $45,104 a year. The US average is $69,021 a year.