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Franklin, AR Economy
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Arkansas
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Izard County
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EXPLORE FRANKLIN
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Franklin, AR is a small town in Arkansas with a population that cannot be determined from the given context. The cost of living is lower in Franklin than it is nationally, with rent for a two bedroom being $740 compared to the national average of $1,430. Groceries are also cheaper, with the grocery cost index being 92 compared to 100 in the US. Local companies in Franklin include Big Creek Lumber Company, which provides quality lumber products and services to customers throughout Arkansas and surrounding states; Cole’s School Supplies Inc., which provides school supplies and uniforms as well as embroidery services; and Faulkner County Farm Bureau, which offers farm insurance and other services related to farming. These businesses are essential to the local economy in Franklin and contribute to the overall low cost of living experienced by locals.
Income by Population Percent
Economy
Franklin, Arkansas
United States
Unemployment Rate
6
6
Recent Job Growth
-8.5%
-6.2%
Future Job Growth
16.9%
33.5%
Sales Taxes
8.0%
6.2%
Income Tax
6.9%
4.6%
Income per Cap.
$25,010
$37,638
Household Income
69021
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