Franklin, AR is a small town in Arkansas with a population of 72536. It has a low cost of living and is very budget friendly. The average 2 bedroom rent is $710 which is much lower than the US average of $1,430. Grocery costs are also lower, with an index of 92 compared to the US index of 100. Local businesses in Franklin include Walmart, Dollar General, and Wells Pharmacy. Other businesses include Subway, Little Caesars Pizza and Goodwill Industries. Franklin offers an excellent quality of life with its low cost of living while still providing access to necessary amenities and services.
Franklin (zip 72536) has an unemployment rate of 6.0%. The US average is 6.0%.
Franklin (zip 72536) has seen the job market decrease by -2.2% over the last year. Future job growth over the next ten years is predicted to be 16.9%, which is lower than the US average of 33.5%.
Tax Rates for Franklin (zip 72536)
- The Sales Tax Rate for Franklin (zip 72536) is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Franklin (zip 72536) is 6.9%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Franklin (zip 72536)
- The average income of a Franklin (zip 72536) resident is $19,218 a year. The US average is $28,555 a year.
- The Median household income of a Franklin (zip 72536) resident is $49,167 a year. The US average is $69,021 a year.