Franklin, VT is a quaint but vibrant town located in the heart of the Green Mountain State. It has a population of around 5,000 people who benefit from affordable living. The average rent for a two bedroom apartment is $1,330 which is lower than the US average of $1,430. The Grocery Cost Index in Franklin is 106 versus 100 in the US meaning that grocery items cost slightly more compared to other areas in the country. Local businesses in Franklin, VT include Baxter's General Store, B&M Railroad Restaurant, and Franklin Real Estate Agency. All three companies have stayed true to their roots and continue to serve the local community with top-notch customer service and an array of products and services.
Franklin has an unemployment rate of 3.4%. The US average is 6.0%.
Franklin has seen the job market increase by 0.5% over the last year. Future job growth over the next ten years is predicted to be 29.1%, which is lower than the US average of 33.5%.
Tax Rates for Franklin
- The Sales Tax Rate for Franklin is 6.0%. The US average is 7.3%.
- The Income Tax Rate for 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 Franklin
- The average income of a Franklin resident is $29,167 a year. The US average is $28,555 a year.
- The Median household income of a Franklin resident is $83,229 a year. The US average is $69,021 a year.