Franklinville, NC is a small town located in Randolph County. It is known for its low cost of living, with two-bedroom rent averaging around $930 per month, much lower than the US average of $1,430. Additionally, grocery costs index at 94 versus the US average of 100, making it more affordable to purchase food in Franklinville. The town offers many amenities such as a local library, parks, restaurants, shops at the downtown plaza, and an award winning school system. Popular local companies include RCC Wire & Cable Company and Franklinville Furniture Gallery. Whether you are looking to raise a family or just find a quiet place to retire, Franklinville has something for everyone.
Franklinville has an unemployment rate of 4.5%. The US average is 6.0%.
Franklinville has seen the job market decrease by -7.5% over the last year. Future job growth over the next ten years is predicted to be 31.7%, which is lower than the US average of 33.5%.
Tax Rates for Franklinville
- The Sales Tax Rate for Franklinville is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Franklinville 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 Franklinville
- The average income of a Franklinville resident is $16,684 a year. The US average is $37,638 a year.
- The Median household income of a Franklinville resident is $40,833 a year. The US average is $69,021 a year.