Frankford, DE is a small town located in Sussex county along the Delaware Coast. Despite its small size, Frankford offers a wide range of business opportunities and amenities to its citizens. For example, some local companies include Frankford Family Pharmacy, A&V Grocery Store, and Bennie's Auto Repair shop. Additionally, the cost of living in Frankford is relatively low compared to other parts of the U.S., with 2-bedroom apartments typically costing around $1,230 per month and grocery costs being roughly 7% higher than the national average. Consequently, it can be an attractive option for those looking to save money while still having access to all necessary amenities.
Frankford has an unemployment rate of 6.4%. The US average is 6.0%.
Frankford has seen the job market decrease by -6.0% over the last year. Future job growth over the next ten years is predicted to be 37.5%, which is higher than the US average of 33.5%.
Tax Rates for Frankford
- The Sales Tax Rate for Frankford is 0.0%. The US average is 7.3%.
- The Income Tax Rate for Frankford is 6.6%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Frankford
- The average income of a Frankford resident is $25,589 a year. The US average is $37,638 a year.
- The Median household income of a Frankford resident is $71,667 a year. The US average is $69,021 a year.