Franklin, PA is an affordable city with a low cost of living. According to the given information, the rent for a two-bedroom apartment is $820 while the national average is $1,430. The grocery cost index in Franklin is 96 versus 100 in the US. This speaks to how much cheaper it is to buy groceries here than in other parts of the country. Local companies in Franklin include UPMC Northwest, Northwest Savings Bank, and Superior Well Services. All of these businesses have helped make Franklin a thriving community for over a century.
Franklin has an unemployment rate of 8.1%. The US average is 6.0%.
Franklin has seen the job market decrease by -0.7% over the last year. Future job growth over the next ten years is predicted to be 9.5%, which is lower than the US average of 33.5%.
Tax Rates for Franklin
- The Sales Tax Rate for Franklin is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Franklin is 3.1%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Franklin
- The average income of a Franklin resident is $22,175 a year. The US average is $28,555 a year.
- The Median household income of a Franklin resident is $53,289 a year. The US average is $69,021 a year.