Franklintown, PA Economy


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Franklintown, PA is an affordable place to live as the 2 Bedroom Rent is $1,110 which is much lower than the US average of $1,430. It has a Grocery Cost Index of 106, meaning it is slightly more expensive than the US average of 100. It is a great place for people looking for a rural community with plenty of activities to do such as outdoor recreation like hiking at Piney Mountain Trail or fishing at Yellow Breeches Creek. There are also many local businesses such as B & B Automotive Repair and The Market Place at Franklintown. For those looking for cultural attractions, there is the Historical Society of Carroll Valley Park which hosts events about local history and culture and The Gettysburg National Military Park where you can explore Civil War battlefields.

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

Franklintown has seen the job market increase by 0.5% over the last year. Future job growth over the next ten years is predicted to be 27.6%, which is lower than the US average of 33.5%.

Tax Rates for Franklintown
- The Sales Tax Rate for Franklintown is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Franklintown 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 Franklintown
- The average income of a Franklintown resident is $22,977 a year. The US average is $28,555 a year.
- The Median household income of a Franklintown resident is $65,227 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyFranklintown, PennsylvaniaUnited States
  66
  -5.6%-6.2%
  27.6%33.5%
  6.0%6.2%
  4.3%4.6%
  $46,929$37,638
  $65,227$69,021
  $83,500$85,028
  Population by Occupation
  0.4%1.2%
  0.0%0.5%
  1.1%6.8%
  15.4%10.0%
  6.3%2.5%
  15.4%11.0%
  11.4%4.8%
  0.0%0.8%
  0.4%1.9%
  9.6%4.7%
  0.0%1.9%
  7.4%7.6%
  0.0%0.1%
  3.3%4.2%
  1.5%9.3%
  12.9%14.0%
  0.0%2.1%
  8.5%7.0%
  3.3%4.8%
  3.3%4.7%
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