Franconia, VA is a vibrant city located in Northern Virginia. It is home to numerous businesses, including Franconia Brewhouse, Franconia Bicycle Co., and Franconia Trading Company. The cost of living in Franconia is higher than the national average, with a two bedroom rent costing $2,140 compared to the US average of $1,430. Additionally, the Grocery Cost Index in Franconia is 112 versus 100 in the US. Despite the higher costs of living in Franconia compared to other areas across America, it remains an attractive destination for those looking for job opportunities or wanting to experience all that this beautiful city has to offer.
Franconia has an unemployment rate of 4.6%. The US average is 6.0%.
Franconia has seen the job market decrease by -5.3% over the last year. Future job growth over the next ten years is predicted to be 36.7%, which is higher than the US average of 33.5%.
Tax Rates for Franconia
- The Sales Tax Rate for Franconia is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Franconia is 5.8%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Franconia
- The average income of a Franconia resident is $63,625 a year. The US average is $37,638 a year.
- The Median household income of a Franconia resident is $131,028 a year. The US average is $69,021 a year.