Franconia, NH is an attractive location for potential renters looking for a more peaceful living arrangement. It is located close to many outdoor attractions such as Franconia Notch State Park and a variety of ski resorts, making it an ideal destination for those who enjoy the outdoors. The cost of living in Franconia is slightly higher than the US average. The 2 bedroom rent in Franconia is $1,630 compared to the US average of $1,430. Grocery costs are also higher as the grocery cost index in Franconia is reported at 110 versus 100 in the US on average.
Though the cost of living can be expensive, Franconia has many local businesses that create jobs and promote economic development. These companies include White Mountains Regional Medical Center, Profile Subaru of Conway, Easton Valley Productions Apartments, and White Mountain Community College. All these companies provide job opportunities and play a vital role in keeping the local economy healthy.
Overall, Franconia remains an attractive place to live due to its beautiful landscape and abundance of outdoor recreation activities. With its low crime rates and stable economy due to its local businesses, Franconia offers a safe environment that appeals to potential renters looking for a peaceful place to call home.
Franconia has an unemployment rate of 2.6%. The US average is 6.0%.
Franconia has seen the job market increase by 1.5% over the last year. Future job growth over the next ten years is predicted to be 31.3%, which is lower than the US average of 33.5%.
Tax Rates for Franconia
- The Sales Tax Rate for Franconia is 0.0%. The US average is 7.3%.
- The Income Tax Rate for Franconia is 0.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Franconia
- The average income of a Franconia resident is $35,695 a year. The US average is $28,555 a year.
- The Median household income of a Franconia resident is $74,167 a year. The US average is $69,021 a year.