Franconia, MN is a small town in Minnesota located about 30 miles northeast of Minneapolis. It has a population of around 4,000 people and offers a peaceful and tranquil lifestyle for its residents. The cost of two bedroom rent in Franconia is $1,230, which is much cheaper when compared to the US average of $1,430. Grocery costs are also relatively low at 100 on the index versus the national average of 100.
The city has many local businesses offering services such as grocery stores like Jerry’s Market and Bob’s Country Store; restaurants like Johnson's Café and Applebee's; clothing stores like Clothes Galore; auto repair shops like Joe's Auto Body; beauty salons like Lila's Beauty Salon; hardware stores like P&B Hardware; furniture stores like The Furniture Barn; banks such as Bank One and Chase Bank; gas stations such as Shell Gas Station and BP Gas Station.
Overall, Franconia is a great place to live due to its lower than average housing and living costs compared to other cities in the US. Not only that but it also provides plenty of local amenities that can make your life more comfortable and convenient.
Franconia has an unemployment rate of 5.4%. The US average is 6.0%.
Franconia has seen the job market increase by 1.8% over the last year. Future job growth over the next ten years is predicted to be 35.3%, which is higher than the US average of 33.5%.
Tax Rates for Franconia
- The Sales Tax Rate for Franconia is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Franconia is 7.1%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Franconia
- The average income of a Franconia resident is $32,059 a year. The US average is $28,555 a year.
- The Median household income of a Franconia resident is $106,538 a year. The US average is $69,021 a year.