North Franklin, NE is a small town with plenty to offer its residents. Located in central Nebraska, North Franklin offers a relaxed atmosphere full of natural beauty and opportunities for outdoor recreation. Local companies include a variety of businesses such as the North Franklin Merchants Association which includes local shops such as an auto parts store, coffee shop, and grocery store.
When it comes to cost of living expenses including rent and groceries, North Franklin is significantly less expensive than other parts of the United States. According to recent data, two bedroom rent in North Franklin stands at $730 compared to $1,430 across the US. Additionally, the Grocery Cost Index in North Franklin is 91 compared to 100 in the US. This means that residents can expect to save money on necessities while living in this friendly community.
North Franklin has an unemployment rate of 2.5%. The US average is 6.0%.
North Franklin has seen the job market decrease by -0.7% over the last year. Future job growth over the next ten years is predicted to be 18.2%, which is lower than the US average of 33.5%.
Tax Rates for North Franklin
- The Sales Tax Rate for North Franklin is 5.5%. The US average is 7.3%.
- The Income Tax Rate for North Franklin is 6.8%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for North Franklin
- The average income of a North Franklin resident is $19,095 a year. The US average is $28,555 a year.
- The Median household income of a North Franklin resident is $49,583 a year. The US average is $69,021 a year.