Franklin township (Lycoming Cnty), PA is an ideal location to live for both young professionals and families. With reasonable 2 bedroom rent of $1,000 per month and a grocery cost index of 102 against the US average of 100, this rural county in the state of Pennsylvania is an attractive area for those looking for affordable housing in a rural setting. The area has many local companies that contribute to its growing economy such as S & R Farms Inc, Lycoming Valley Railroad Company, and Pine Creek Structures. The region also offers numerous outdoor activities such as skiing, tubing and hiking on nearby mountains like Lycoming County's Bald Eagle State Park. It's no wonder that Franklin Township is quickly becoming one of the most desirable places to settle down with its low living costs and picturesque surroundings.
Franklin township (Lycoming County) has an unemployment rate of 7.8%. The US average is 6.0%.
Franklin township (Lycoming County) has seen the job market decrease by -1.7% over the last year. Future job growth over the next ten years is predicted to be 9.6%, which is lower than the US average of 33.5%.
Tax Rates for Franklin township (Lycoming County)
- The Sales Tax Rate for Franklin township (Lycoming County) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Franklin township (Lycoming County) is 4.8%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Franklin township (Lycoming County)
- The average income of a Franklin township (Lycoming County) resident is $21,046 a year. The US average is $28,555 a year.
- The Median household income of a Franklin township (Lycoming County) resident is $68,438 a year. The US average is $69,021 a year.