Franklin, TX County is a great place to live with affordable living costs compared to the US average. The 2 bedroom rent in Franklin, TX County is $970 which is approximately 33% lower than the national average of $1,430. Additionally, grocery cost index in Franklin, TX County is 94 versus 100 in the US making it a great place to save money on your shopping. The area has many local businesses providing a variety of services such as Farmer Electric Co-op offering reliable electric service and Mitchell Ford providing quality vehicles and auto repairs. Other local companies include Texas Bank and Trust providing banking solutions and Rustic Country Decor offering home decor items.
Franklin County has an unemployment rate of 6.0%. 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 6.8%. The US average is 7.3%.
- The Income Tax Rate for Franklin County is 0.0%. 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 $28,058 a year. The US average is $28,555 a year.
- The Median household income of a Franklin County resident is $61,391 a year. The US average is $69,021 a year.