Franklin, KS is a small town located in Southeast Kansas with a population of just 586 people. Despite its size, the town offers a variety of amenities, including grocery stores, restaurants, and local businesses. The rent for a two bedroom apartment in Franklin is far lower than the national average, $840 versus $1,430. Additionally, the cost of groceries is considerably lower than the US index at only 92 compared to 100. Examples of businesses found within Franklin include K & S Pharmacy and Franklin Electric Service Inc., both local family owned companies that are dedicated to serving their community.
Franklin has an unemployment rate of 3.7%. The US average is 6.0%.
Franklin has seen the job market decrease by -1.0% over the last year. Future job growth over the next ten years is predicted to be 26.0%, which is lower than the US average of 33.5%.
Tax Rates for Franklin
- The Sales Tax Rate for Franklin is 9.0%. The US average is 7.3%.
- The Income Tax Rate for Franklin is 5.7%. 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 $17,540 a year. The US average is $28,555 a year.
- The Median household income of a Franklin resident is $52,426 a year. The US average is $69,021 a year.