Franklinville, NY Economy


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equestId":"a3422cea-505e-4b9b-8e6b-49b46c6d44fe","resource":"content","data":[{"id":"txt_b4927fbe0d5647a9ae4c8db4d2b4e000","text":" \nFranklinville, NY is a small town located in Cattaraugus County in the state of New York. It has a balanced mix of rural and suburban areas, with beautiful views of rolling hills and vast farmland. The cost of living is very reasonable when compared to the rest of the United States, with 2 bedroom rent being $810 per month and a grocery cost index at 96 versus 100 in the US. Local companies that are located within Franklinville include The Country Lane Winery, Kaese's Country Meats, Colden Mill Stove & Fireplace, and Twins Pizza Panini & Subs.

Franklinville has an unemployment rate of 7.2%. The US average is 6.0%.

Franklinville has seen the job market decrease by -1.0% over the last year. Future job growth over the next ten years is predicted to be 15.6%, which is lower than the US average of 33.5%.

Tax Rates for Franklinville
- The Sales Tax Rate for Franklinville is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Franklinville 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 Franklinville
- The average income of a Franklinville resident is $21,141 a year. The US average is $28,555 a year.
- The Median household income of a Franklinville resident is $52,656 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyFranklinville, New YorkUnited States
  7.26
  -6.1%-6.2%
  15.6%33.5%
  8.0%6.2%
  6.2%4.6%
  $26,140$37,638
  $52,656$69,021
  $69,750$85,028
  Population by Occupation
  0.2%1.2%
  0.0%0.5%
  9.4%6.8%
  20.6%10.0%
  0.8%2.5%
  12.3%11.0%
  3.0%4.8%
  0.0%0.8%
  1.4%1.9%
  2.5%4.7%
  2.0%1.9%
  1.4%7.6%
  0.0%0.1%
  6.0%4.2%
  10.8%9.3%
  14.9%14.0%
  1.6%2.1%
  7.4%7.0%
  5.2%4.8%
  0.3%4.7%
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