Franklin, IN County is a great place to live, work and play. With two bedroom rent at only $930 per month, it is one of the most affordable places in the country. The grocery cost index is also low, at 98 compared to 100 in the US, making it an attractive option for those looking for a budget-friendly lifestyle. There are many local companies in Franklin that take advantage of the low cost of living, such as Wood Products Manufacturing Inc., The Artisan Group LLC, and BDI Fabrics Inc., as well as many other small businesses offering unique products and services.
Franklin County has an unemployment rate of 4.1%. The US average is 6.0%.
Franklin County has seen the job market increase by 0.5% over the last year. Future job growth over the next ten years is predicted to be 24.6%, 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 4.5%. 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 $23,741 a year. The US average is $28,555 a year.
- The Median household income of a Franklin County resident is $69,440 a year. The US average is $69,021 a year.