Franklin, OH County is a great place to live with many local businesses. Some notable companies located in Franklin include Honda, Cardinal Health, Nationwide Insurance, and NetJets. Rent for two-bedroom apartments in the area is much lower than the national average. At roughly $1,160 per month, it’s about 19 percent cheaper than an equivalent rental across the country at $1,430 a month. Additionally, groceries in Franklin are slightly cheaper when compared to the national index; coming in at 99 versus 100 for the US as a whole.
Franklin County has an unemployment rate of 5.5%. The US average is 6.0%.
Franklin County has seen the job market decrease by -3.5% over the last year. Future job growth over the next ten years is predicted to be 34.0%, which is higher than the US average of 33.5%.
Tax Rates for Franklin County
- The Sales Tax Rate for Franklin County is 7.5%. The US average is 7.3%.
- The Income Tax Rate for Franklin County is 4.1%. 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 $37,532 a year. The US average is $37,638 a year.
- The Median household income of a Franklin County resident is $65,999 a year. The US average is $69,021 a year.