Franklin, LA Economy


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Franklin, LA is a small town located in St Mary Parish with a population of 7,664 people. It is known for having an affordable cost of living compared to the national average. The average rent for a two bedroom apartment in Franklin is $890 compared to the US average of $1,430 and the grocery cost index in Franklin is 93 versus 100 in the US. Local companies in Franklin include Allen's Supermarket, GLM Construction & Development LLC, Performance Machine Works Inc., Mossa Plumbing and Drainage Solutions, and A & G Automotive Services. For those interested in relocating to a quiet town with an affordable cost of living then Franklin may be worth considering.

Franklin has an unemployment rate of 8.3%. The US average is 6.0%.

Franklin has seen the job market decrease by -5.9% over the last year. Future job growth over the next ten years is predicted to be 2.3%, which is lower than the US average of 33.5%.

Tax Rates for Franklin
- The Sales Tax Rate for Franklin is 8.5%. The US average is 7.3%.
- The Income Tax Rate for Franklin is 6.0%. 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 $19,683 a year. The US average is $37,638 a year.
- The Median household income of a Franklin resident is $33,390 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyFranklin, LouisianaUnited States
    Unlock6
    Unlock-6.2%
    Unlock33.5%
    Unlock6.2%
    Unlock4.6%
    Unlock$37,638
    Unlock$69,021
    Unlock$85,028
  Population by Occupation
    Unlock1.2%
    Unlock0.5%
    Unlock6.8%
    Unlock10.0%
    Unlock2.5%
    Unlock11.0%
    Unlock4.8%
    Unlock0.8%
    Unlock1.9%
    Unlock4.7%
    Unlock1.9%
    Unlock7.6%
    Unlock0.1%
    Unlock4.2%
    Unlock9.3%
    Unlock14.0%
    Unlock2.1%
    Unlock7.0%
    Unlock4.8%
    Unlock4.7%
Reviews for Franklin
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Over 15 years ago

I AM IMBARRASED TO SAY IM FROM LOUISIANA WHEN I TRAVEL TO OTHER STATES. LOUISIANA HAS THE REPUTATION OF BEING VERY ILLITERATE. THANKS TO OUR CHILDREN BEING ALLOWED TO  More

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