Franklin, Texas is a small town located in Robertson County. It is known for its friendly locals and its rich Texan culture. The cost of living in Franklin is quite low, with the average 2 bedroom rent at $990 and a grocery cost index of 95 compared to the US average, which stands at 100. This makes it an attractive location to live for those looking for an affordable lifestyle.
The town is home to various local businesses, including Franklin Trading Post, Erwin's Pawn Shop, Barbee Appliance Repair & Home Improvements and Smith Farms Produce. These companies bring a variety of services and quality products to the locals of Franklin. There are many other businesses located throughout town that provide jobs and support the local economy as well.
Franklin has an unemployment rate of 6.5%. The US average is 6.0%.
Franklin has seen the job market increase by 3.3% over the last year. Future job growth over the next ten years is predicted to be 33.7%, which is higher than the US average of 33.5%.
Tax Rates for Franklin
- The Sales Tax Rate for Franklin is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Franklin is 0.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Franklin
- The average income of a Franklin resident is $16,022 a year. The US average is $28,555 a year.
- The Median household income of a Franklin resident is $48,625 a year. The US average is $69,021 a year.