Franklin County, MO Economy


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United States / Missouri / / Franklin County / Cities / Zip Codes
Franklin, MO County is a great place to call home. With its affordable two-bedroom rent at just $1,000 per month and grocery cost index of 98 versus 100 in the US, this county is an ideal location for those who want to save money while getting the most out of their living situation. Moreover, people in the county can enjoy a variety of attractions that will keep them happy and entertained. Major local companies include Hallmark Cards Inc., Franklin Electric Co. Inc., and Brightstar Care. The area also offers amazing attractions such as The National Churchill Museum and Battle of Pilot Knob State Historic Site where visitors can learn about America’s history or take part in outdoor activities. With all these amenities, it’s no surprise that Franklin, MO County is becoming more popular among residents looking for a quality place to call home.

Franklin County has an unemployment rate of 4.3%. The US average is 6.0%.

Franklin County has seen the job market increase by 0.6% over the last year. Future job growth over the next ten years is predicted to be 28.5%, which is lower than the US average of 33.5%.

Tax Rates for Franklin County
- The Sales Tax Rate for Franklin County is 7.8%. The US average is 7.3%.
- The Income Tax Rate for Franklin County is 5.9%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Franklin County
- The average income of a Franklin County resident is $24,732 a year. The US average is $28,555 a year.
- The Median household income of a Franklin County resident is $65,263 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyFranklin, MissouriUnited States
  4.36
  -4.7%-6.2%
  28.5%33.5%
  7.0%6.2%
  5.4%4.6%
  $32,422$37,638
  $65,263$69,021
  $80,441$85,028
  Population by Occupation
  1.4%1.2%
  0.1%0.5%
  10.9%6.8%
  19.8%10.0%
  2.5%2.5%
  11.7%11.0%
  3.5%4.8%
  1.1%0.8%
  1.4%1.9%
  3.7%4.7%
  1.5%1.9%
  4.5%7.6%
  0.0%0.1%
  3.6%4.2%
  7.3%9.3%
  11.6%14.0%
  1.6%2.1%
  6.1%7.0%
  4.0%4.8%
  3.8%4.7%
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