Franconia, PA Economy


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Franconia is a small city located in Pennsylvania, close to Philadelphia. The cost of living here is quite reasonable, with 2 bedroom rent prices at $1,380 compared to the US average of $1,430. Additionally, groceries here are 6% cheaper than in the rest of the country. This small city has a lot to offer for locals and visitors alike, with many local businesses such as Newcomer Funeral Home & Cremation Services and Franconia Real Estate Inc., both offering excellent services for residents. As well as this the area boasts a variety of restaurants, including several award-winning establishments like Krakus Polish Deli & Restaurant. For exercise enthusiasts there are plenty of trails and parks to explore. Notable attractions include Valley Forge National Historical Park and Evansburg State Park. All in all Franconia offers a great place to live or visit for anyone looking for an affordable area with lots to do!

Franconia has an unemployment rate of 5.6%. The US average is 6.0%.

Franconia has seen the job market decrease by -6.4% over the last year. Future job growth over the next ten years is predicted to be 29.8%, which is lower than the US average of 33.5%.

Tax Rates for Franconia
- The Sales Tax Rate for Franconia is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Franconia is 4.3%. 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 $49,915 a year. The US average is $37,638 a year.
- The Median household income of a Franconia resident is $99,322 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyFranconia, PennsylvaniaUnited States
    Unlock6
    Unlock-6.2%
    Unlock33.5%
    Unlock6.2%
    Unlock4.6%
    Unlock$37,638
    Unlock$69,021
    Unlock$85,028
  Population by Occupation
    Unlock1.2%
    Unlock0.5%
    Unlock6.8%
    Unlock10.0%
    Unlock2.5%
    Unlock11.0%
    Unlock4.8%
    Unlock0.8%
    Unlock1.9%
    Unlock4.7%
    Unlock1.9%
    Unlock7.6%
    Unlock0.1%
    Unlock4.2%
    Unlock9.3%
    Unlock14.0%
    Unlock2.1%
    Unlock7.0%
    Unlock4.8%
    Unlock4.7%
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