Franklin, ME is a small town located in the state of Maine. It offers residents a peaceful lifestyle with amenities such as affordable rent for two bedroom apartments at $1000 per month and a low grocery cost index at 106 versus 100 in the US. Residents have access to quality education through local schools such as Franklin Central School and Westbrook Elementary School, as well as local employers such as O’Connor Auto Park and Portsmouth Regional Hospital. The city also features attractions such as Vaughan Woods State Park, the University of Maine Museum of Art and the Maine Maritime Museum. With its wide range of activities, Franklin is an ideal place to live.
Franklin has an unemployment rate of 10.0%. The US average is 6.0%.
Franklin has seen the job market increase by 0.8% over the last year. Future job growth over the next ten years is predicted to be 32.5%, which is lower than the US average of 33.5%.
Tax Rates for Franklin
- The Sales Tax Rate for Franklin is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Franklin is 7.2%. 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 $18,166 a year. The US average is $28,555 a year.
- The Median household income of a Franklin resident is $49,500 a year. The US average is $69,021 a year.