North Franklin, PA Economy


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North Franklin, PA is a small town located in Pennsylvania. It offers an affordable cost of living, with an average 2-bedroom rent of $1,010 compared to the US average of $1,430. The grocery cost index in North Franklin is also lower than the US average at 99 versus 100. Local businesses in North Franklin include Franklins Hardware Store, K&K Auto Repair, and The Book Nook. They provide a variety of goods and services for locals that contribute to the economy. All these factors make North Franklin a great town to live in with its low costs and thriving local businesses.

North Franklin has an unemployment rate of 7.9%. The US average is 6.0%.

North Franklin has seen the job market increase by 0.3% over the last year. Future job growth over the next ten years is predicted to be 24.4%, which is lower than the US average of 33.5%.

Tax Rates for North Franklin
- The Sales Tax Rate for North Franklin is 6.0%. The US average is 7.3%.
- The Income Tax Rate for North Franklin 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 North Franklin
- The average income of a North Franklin resident is $29,662 a year. The US average is $28,555 a year.
- The Median household income of a North Franklin resident is $65,815 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyNorth Franklin, PennsylvaniaUnited States
  7.96
  -7.0%-6.2%
  24.4%33.5%
  6.0%6.2%
  4.1%4.6%
  $36,171$37,638
  $65,815$69,021
  $100,852$85,028
  Population by Occupation
  0.8%1.2%
  0.0%0.5%
  4.5%6.8%
  15.9%10.0%
  1.1%2.5%
  13.4%11.0%
  1.2%4.8%
  2.0%0.8%
  1.1%1.9%
  6.1%4.7%
  2.2%1.9%
  4.2%7.6%
  0.0%0.1%
  6.9%4.2%
  5.0%9.3%
  10.8%14.0%
  0.7%2.1%
  5.0%7.0%
  9.9%4.8%
  9.2%4.7%
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