Franklin Township, MN is a small community located in Minnesota. It is known for its affordable costs of living with 2 bedroom rental rates at only $1,230 compared to the US average of $1,430. The Grocery Cost Index in Franklin Township, MN is also low at 102 compared to the US average of 100. The lower prices provide an incentive for people to move to this town as well as businesses such as local grocery stores, restaurants, and other companies. With such affordable rates, it's easy to see why so many people are choosing Franklin Township as their new home.
Franklin township (Wright County) has an unemployment rate of 4.5%. The US average is 6.0%.
Franklin township (Wright County) has seen the job market decrease by -3.5% over the last year. Future job growth over the next ten years is predicted to be 36.1%, which is higher than the US average of 33.5%.
Tax Rates for Franklin township (Wright County)
- The Sales Tax Rate for Franklin township (Wright County) is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Franklin township (Wright County) is 7.1%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Franklin township (Wright County)
- The average income of a Franklin township (Wright County) resident is $51,594 a year. The US average is $37,638 a year.
- The Median household income of a Franklin township (Wright County) resident is $90,968 a year. The US average is $69,021 a year.