Franklin, TN County is a great place to live and work. It has many local businesses such as Nissan North America, Bridgestone Americas, Community Health Systems, Inc., and Tractor Supply Co. The cost of living in Franklin County is lower than the national average. The median rent for a two-bedroom apartment is $760 compared to $1,430 nationally. Grocery costs are also more affordable with an index rating of 95 versus 100 in the US. Overall, Franklin County is an affordable area with plenty of job opportunities available.
Franklin County has an unemployment rate of 4.6%. The US average is 6.0%.
Franklin County 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 32.1%, which is lower than the US average of 33.5%.
Tax Rates for Franklin County
- The Sales Tax Rate for Franklin County is 9.3%. The US average is 7.3%.
- The Income Tax Rate for Franklin County 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 Franklin County
- The average income of a Franklin County resident is $23,099 a year. The US average is $28,555 a year.
- The Median household income of a Franklin County resident is $52,189 a year. The US average is $69,021 a year.