Franklin, NC County is a great place to live thanks to its low cost of living. The county has an average 2 bedroom rent that is $20 lower than the US average at only $1,410 per month. Grocery costs are also well below the national average with an index of 96 compared to 100 in the US. Businesses thrive in the area, with major companies such as Walmart and Lowes having presences in Franklin County. Other major employers in the area include Renzenberger Inc., Macon County Public Schools, and Angel Medical Center. Overall, Franklin County offers a great balance between affordable housing and quality jobs for those who choose to call it home.
Franklin County has an unemployment rate of 4.5%. The US average is 6.0%.
Franklin County has seen the job market increase by 2.9% over the last year. Future job growth over the next ten years is predicted to be 42.8%, which is higher than the US average of 33.5%.
Tax Rates for Franklin County
- The Sales Tax Rate for Franklin County is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Franklin County is 5.5%. 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 $21,836 a year. The US average is $28,555 a year.
- The Median household income of a Franklin County resident is $62,332 a year. The US average is $69,021 a year.