Franklyn, SD is a great place to live for those who seek economical rent and cost of living. According to the data provided, the 2 Bedroom Rent in Franklyn, SD is $820 which is about 42% lower than the US average of $1,430. In addition, grocery cost index in Franklyn, SD is 97 versus 100 in the US which shows that it has a lower cost of living compared to the rest of the country. Local business like City Market supermarket or Big Sky restaurant are staples providing necessary goods and services to residents in Franklyn, SD. People here enjoy an affordable lifestyle with easy access to all amenities.
Franklyn has an unemployment rate of 3.0%. The US average is 6.0%.
Franklyn has seen the job market increase by 0.1% over the last year. Future job growth over the next ten years is predicted to be 25.1%, which is lower than the US average of 33.5%.
Tax Rates for Franklyn
- The Sales Tax Rate for Franklyn is 6.5%. The US average is 7.3%.
- The Income Tax Rate for Franklyn is 0.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Franklyn
- The average income of a Franklyn resident is $30,764 a year. The US average is $28,555 a year.
- The Median household income of a Franklyn resident is $105,625 a year. The US average is $69,021 a year.