Frankford is a small town located in New Jersey. It is known for its beautiful parks and nearby attractions such as the Monmouth Mall. The town has a few local companies such as Frankford Pharmacy, Frankford Auto Repair, and Frankford Market. 2 bedroom rent in the area costs $1,700 which is above the US average of $1,430. The Grocery Cost Index in Frankford is 104 versus 100 in the US, suggesting that groceries tend to cost more in this area. With its beautiful scenery and diverse selection of businesses and attractions, it's no surprise that Frankford remains a popular destination for people looking for a place to call home.
Frankford has an unemployment rate of 7.7%. The US average is 6.0%.
Frankford has seen the job market decrease by -0.8% over the last year. Future job growth over the next ten years is predicted to be 21.1%, which is lower than the US average of 33.5%.
Tax Rates for Frankford
- The Sales Tax Rate for Frankford is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Frankford is 5.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Frankford
- The average income of a Frankford resident is $39,098 a year. The US average is $28,555 a year.
- The Median household income of a Frankford resident is $101,250 a year. The US average is $69,021 a year.