Franklin County, AL Economy


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United States / Alabama / No Metro Area / Franklin County / Cities / Zip Codes
Franklin, AL County is a great place to live and work. It has affordable rent of $740 for two-bedroom apartments, which is much lower than the national average of $1,430. The cost of groceries in Franklin County is also relatively low compared to the US with an index of 93 versus 100. There are lots of local businesses and services available in the county, including Walmart, Publix Super Markets, Lowe's Home Improvement, and Kohl's Department Store. Residents also have access to quality medical care from South Central Primary Care Center, CVS Pharmacy, and Baptist Health Systems. There are plenty of leisure activities available such as the Russellville Aquatic Center and Franklin County Museum.

Franklin County has an unemployment rate of 2.1%. The US average is 6.0%.

Franklin County has seen the job market decrease by -2.8% 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 Franklin County
- The Sales Tax Rate for Franklin County is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Franklin County is 5.0%. 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 $22,500 a year. The US average is $37,638 a year.
- The Median household income of a Franklin County resident is $43,633 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyFranklin, AlabamaUnited States
    Unlock6
    Unlock-6.2%
    Unlock33.5%
    Unlock6.2%
    Unlock4.6%
    Unlock$37,638
    Unlock$69,021
    Unlock$85,028
  Population by Occupation
    Unlock1.2%
    Unlock0.5%
    Unlock6.8%
    Unlock10.0%
    Unlock2.5%
    Unlock11.0%
    Unlock4.8%
    Unlock0.8%
    Unlock1.9%
    Unlock4.7%
    Unlock1.9%
    Unlock7.6%
    Unlock0.1%
    Unlock4.2%
    Unlock9.3%
    Unlock14.0%
    Unlock2.1%
    Unlock7.0%
    Unlock4.8%
    Unlock4.7%
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