Franklinton, LA is a small city that offers an affordable cost of living. The average two-bedroom rent is $1,150 compared to the US average rent of $1,430. Additionally, the Grocery Cost Index in Franklinton is 94 which is 6% lower than the national grocery cost index. This allows locals to save more money while still enjoying a variety of local businesses. Popular companies located in Franklinton are Walmart, Houmas House Plantation and Garden, and Bogue Chitto State Park. With its low-cost housing and affordable groceries, Franklinton provides its citizens with an excellent quality of life at a great price.
Franklinton has an unemployment rate of 6.8%. The US average is 6.0%.
Franklinton has seen the job market decrease by -0.4% over the last year. Future job growth over the next ten years is predicted to be 23.6%, which is lower than the US average of 33.5%.
Tax Rates for Franklinton
- The Sales Tax Rate for Franklinton is 9.3%. The US average is 7.3%.
- The Income Tax Rate for Franklinton 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 Franklinton
- The average income of a Franklinton resident is $16,554 a year. The US average is $28,555 a year.
- The Median household income of a Franklinton resident is $28,810 a year. The US average is $69,021 a year.