Franklin, AR County is a great place to live and work. It has an affordable cost of living with two bedroom rent priced at $720, which is significantly lower than the US average of $1,430. The grocery cost index is also lower than the US average of 100, coming in at 92. There are many businesses that call Franklin County their home including Martin's IGA Supermarkets, Inc., Franklin County Bank, Arkansas Lumber Company and Foxx Equipment Company. Each one of these companies makes up part of the strong economy within the county and provides local residents with excellent job opportunities.
Franklin County has an unemployment rate of 4.3%. The US average is 6.0%.
Franklin County has seen the job market decrease by -3.0% over the last year. Future job growth over the next ten years is predicted to be 25.6%, which is lower than the US average of 33.5%.
Tax Rates for Franklin County
- The Sales Tax Rate for Franklin County is 8.9%. The US average is 7.3%.
- The Income Tax Rate for Franklin County is 6.9%. 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 $22,391 a year. The US average is $37,638 a year.
- The Median household income of a Franklin County resident is $42,128 a year. The US average is $69,021 a year.