Franklin township (Beaver County), PA Economy


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Franklin Township (Beaver Cnty), PA is a great place to live with affordable housing and groceries. The 2 bedroom rent in the area is only $1,030 compared to the US average of $1,430. Grocery costs are also lower with an index score of 99/100 versus the US average. Local businesses have competitive prices that are advantageous for residents. Some popular companies include the Franklin Township Food Mart which offers fresh produce and groceries at an affordable price and Beaver County Outfitters which has everything you need for outdoor activities like camping supplies, sports gear, and more.

Franklin township (Beaver County) has an unemployment rate of 8.4%. The US average is 6.0%.

Franklin township (Beaver County) has seen the job market increase by 0.2% over the last year. Future job growth over the next ten years is predicted to be 22.6%, which is lower than the US average of 33.5%.

Tax Rates for Franklin township (Beaver County)
- The Sales Tax Rate for Franklin township (Beaver County) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Franklin township (Beaver County) is 4.1%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Franklin township (Beaver County)
- The average income of a Franklin township (Beaver County) resident is $29,024 a year. The US average is $28,555 a year.
- The Median household income of a Franklin township (Beaver County) resident is $77,889 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyFranklin township (Beaver County), PennsylvaniaUnited States
  8.46
  -7.0%-6.2%
  22.6%33.5%
  6.0%6.2%
  4.1%4.6%
  $45,487$37,638
  $77,889$69,021
  $101,705$85,028
  Population by Occupation
  1.3%1.2%
  2.6%0.5%
  6.6%6.8%
  14.5%10.0%
  4.1%2.5%
  7.6%11.0%
  2.5%4.8%
  1.2%0.8%
  0.0%1.9%
  14.2%4.7%
  0.0%1.9%
  1.9%7.6%
  0.9%0.1%
  4.7%4.2%
  7.5%9.3%
  12.6%14.0%
  0.0%2.1%
  11.2%7.0%
  4.0%4.8%
  2.3%4.7%
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