Franklin, KY County is a great place to live; with a 2 bedroom rent of $910 it is less expensive that the US average of $1,430. Additionally, Franklin has a Grocery Cost Index of 95 versus 100 in the US, making grocery shopping more affordable for the residents. The county is home to many local businesses such as Franklin Wellness Center and Hometown Pharmacy. With its affordable housing and other amenities, Franklin provides excellent living conditions and opportunity for economic growth.
Franklin County has an unemployment rate of 5.2%. The US average is 6.0%.
Franklin County has seen the job market decrease by -4.8% over the last year. Future job growth over the next ten years is predicted to be 32.8%, which is lower than the US average of 33.5%.
Tax Rates for Franklin County
- The Sales Tax Rate for Franklin County is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Franklin County is 6.8%. 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 $34,321 a year. The US average is $37,638 a year.
- The Median household income of a Franklin County resident is $59,498 a year. The US average is $69,021 a year.