Franklin, WV is a small city located in the Appalachian region of West Virginia. Known for its low cost of living, it features an average two bedroom rent of $760 compared to the US median of $1,430 and a Grocery Cost Index of 99 when compared to the US average of 100. Residents enjoy access to local attractions such as Bear Rock Lakeside Resort for camping and fishing activities as well as family fun at Cedar Creek Mini Golf. The area also features popular restaurants including The Station Pizza & Grill and Hillbilly Hot Dogs. The city has plenty to offer with great resources such as Stonewall Community Library and Alpine Center Health Club for recreational activities.
Franklin has an unemployment rate of 3.9%. The US average is 6.0%.
Franklin has seen the job market increase by 1.1% over the last year. Future job growth over the next ten years is predicted to be 35.1%, which is higher 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 6.5%. 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 $25,014 a year. The US average is $28,555 a year.
- The Median household income of a Franklin resident is $52,083 a year. The US average is $69,021 a year.