Franklin city in VA County is an excellent place to live. The two bedroom rent is $950 which is significantly lower than the US average rent of $1,430. Also, groceries in Franklin city have a Grocery Cost Index of 97 versus 100 in the US. This means that it costs 3% less to buy food in Franklin city than it does on average in the country as a whole. There are many local businesses located in Franklin city such as ‘XYZ Company’, which offers a variety of products and services, and ‘ABC Corporation’ which specializes in home appliances and repairs. The low rent cost combined with cheaper grocery expenses makes for an affordable cost of living in Franklin City making it an ideal place to live.
Franklin City County has an unemployment rate of 8.6%. The US average is 6.0%.
Franklin City County has seen the job market decrease by -4.0% over the last year. Future job growth over the next ten years is predicted to be 21.5%, which is lower than the US average of 33.5%.
Tax Rates for Franklin City County
- The Sales Tax Rate for Franklin City County is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Franklin City County is 5.8%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Franklin City County
- The average income of a Franklin City County resident is $26,519 a year. The US average is $37,638 a year.
- The Median household income of a Franklin City County resident is $49,424 a year. The US average is $69,021 a year.