East Franklin, NJ is a small town located in the Mid-Atlantic region. It is known for its diverse population and tight-knit community. The cost of living is on the higher side compared to the rest of the United States; rent for two bedroom apartments averages around $2,100 whereas in the US it is $1,430. Grocery costs are also higher in East Franklin with an index of 105 versus 100 in the US. There are many local companies and attractions that attract people to this friendly town. Some of these include B's Ironworks, a custom metal fabricator; Firestone Farms, a popular organic farmers market; and Yoder's Amish Home & Country Store, which offers unique handmade items from nearby Amish communities. There are also plenty of outdoor activities like hiking at Black Rock Park and fishing at Round Valley Reservoir that make East Franklin an enjoyable place to live.
East Franklin has an unemployment rate of 6.3%. The US average is 6.0%.
East Franklin has seen the job market decrease by -7.3% over the last year. Future job growth over the next ten years is predicted to be 23.7%, which is lower than the US average of 33.5%.
Tax Rates for East Franklin
- The Sales Tax Rate for East Franklin is 6.6%. The US average is 7.3%.
- The Income Tax Rate for East Franklin 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 East Franklin
- The average income of a East Franklin resident is $28,511 a year. The US average is $37,638 a year.
- The Median household income of a East Franklin resident is $86,281 a year. The US average is $69,021 a year.