Franklin County, IL is a vibrant community located in the state of Illinois. It is home to a wide variety of businesses and services, such as Franklin Golf Course, Franklin Country Club, and Chamber of Commerce. There are several affordable housing options available for rent including two-bedroom apartments for $770/month. The grocery cost index in Franklin County is 91 versus 100 in the US. This county also has a thriving economy with many local companies such as ITX Corporation, Pella Corporation, and Chicago Bridge & Iron Company.
Franklin County has an unemployment rate of 7.2%. The US average is 6.0%.
Franklin County has seen the job market decrease by -8.2% over the last year. Future job growth over the next ten years is predicted to be 27.5%, which is lower than the US average of 33.5%.
Tax Rates for Franklin County
- The Sales Tax Rate for Franklin County is 8.1%. 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 $26,151 a year. The US average is $37,638 a year.
- The Median household income of a Franklin County resident is $47,751 a year. The US average is $69,021 a year.