Franklin (Sacramento County), California is a vibrant city with a variety of businesses, restaurants, and entertainment options. The cost of living in Franklin is significantly higher than the national average. For example, two bedroom rent in Franklin is $2,550 versus the US two bedroom rent which is $1,430. In addition to rent costs, the Grocery Cost Index in Franklin is 107 compared to 100 in the US. Companies like Apple and Intel are located close to Franklin providing local job opportunities. With its high cost of living, many residents must budget accordingly to afford the area’s expensive housing and grocery prices.
Franklin (Sacramento County) has an unemployment rate of 7.4%. The US average is 6.0%.
Franklin (Sacramento County) has seen the job market decrease by -6.1% over the last year. Future job growth over the next ten years is predicted to be 34.8%, which is higher than the US average of 33.5%.
Tax Rates for Franklin (Sacramento County)
- The Sales Tax Rate for Franklin (Sacramento County) is 7.8%. The US average is 7.3%.
- The Income Tax Rate for Franklin (Sacramento County) is 9.3%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Franklin (Sacramento County)
- The average income of a Franklin (Sacramento County) resident is $30,480 a year. The US average is $37,638 a year.
- The Median household income of a Franklin (Sacramento County) resident is $0 a year. The US average is $69,021 a year.