Franklin, FL County is a great place to live for those who are looking for an affordable, but still convenient lifestyle. The county has an average two-bedroom rent of $830 which is well below the US average of $1,430. This means that people can find more affordable housing options in Franklin than in many other places in the US. The Grocery Cost Index in Franklin is also lower than the national average, with it being 99 compared to 100 in the US. This makes it easier to access food at a lower cost.
Franklin also offers its residents access to urban amenities without having to live in a large city. Some local companies include Big Bend Apiary, Red Hills Farm Supply Company and Gulf Coast Motorcycles. These businesses provide services that make life more convenient for locals and visitors alike. In addition, there are plenty of parks and outdoor activities in Franklin such as hiking trails, fishing spots and boating opportunities on Apalachicola Bay. With its low cost of living combined with easy access to amenities, Franklin is an attractive option for those looking for a new home.
Franklin County has an unemployment rate of 4.2%. The US average is 6.0%.
Franklin County has seen the job market decrease by -0.2% over the last year. Future job growth over the next ten years is predicted to be 26.7%, which is lower than the US average of 33.5%.
Tax Rates for Franklin County
- The Sales Tax Rate for Franklin County is 7.0%. 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 $20,287 a year. The US average is $28,555 a year.
- The Median household income of a Franklin County resident is $52,679 a year. The US average is $69,021 a year.