Franklin, Michigan 

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Economy in Franklin, Michigan

Franklin has an unemployment rate of 3.5%. The US average is 6.0%.

Franklin has seen the job market increase by 0.3% over the last year. Future job growth over the next ten years is predicted to be 38.0%, which is higher than the US average of 33.5%.

Tax Rates for Franklin
- The Sales Tax Rate for Franklin is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Franklin is 4.3%. 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 $80,488 a year. The US average is $28,555 a year.
- The Median household income of a Franklin resident is $131,111 a year. The US average is $53,482 a year.

INCOME BY POPULATION PERCENT

  ECONOMYFranklin, MichiganUnited States
  3.5%6.0%
  -10.6%-6.2%
  38.0%33.5%
  6.0%6.2%
  4.3%4.6%
  $77,055$31,177
  $149,491$57,652
  $162,000$70,850
  POPULATION BY OCCUPATION
  0.0%1.3%
  0.0%0.6%
  2.2%6.2%
  12.3%10.4%
  4.0%2.7%
  9.0%11.6%
  1.4%4.1%
  0.8%0.9%
  3.1%2.1%
  6.0%4.7%
  8.5%1.9%
  15.6%6.7%
  0.4%0.1%
  1.7%4.3%
  7.5%9.3%
  21.1%13.8%
  1.3%2.2%
  1.0%7.4%
  2.4%4.9%
  1.5%4.8%
ECONOMY MAP
  • Unemployment Rate (US Avg: 6%)
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