Franktown, CO 80116 is a popular residential neighborhood in the Denver Metropolitan area. Residents of this area can expect to pay an average rent of $2,020 for a two-bedroom apartments and living expenses are slightly more expensive than the national average with a grocery cost index of 106. Local businesses in Franktown include Rocky Mountain Hardware, Rock Creek Outfitters, Franktown Fire Station, Starbucks Coffee Company, and El Potrero Mexican Restaurant. There are also many other local options including home improvement stores, auto repair shops, pet supply stores and much more. For those looking to escape the city without venturing too far from the amenities Denver has to offer, Franktown is an ideal spot for residents and visitors alike.
Franktown (zip 80116) has an unemployment rate of 5.4%. The US average is 6.0%.
Franktown (zip 80116) has seen the job market increase by 2.8% over the last year. Future job growth over the next ten years is predicted to be 46.4%, which is higher than the US average of 33.5%.
Tax Rates for Franktown (zip 80116)
- The Sales Tax Rate for Franktown (zip 80116) is 4.0%. The US average is 7.3%.
- The Income Tax Rate for Franktown (zip 80116) is 4.6%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Franktown (zip 80116)
- The average income of a Franktown (zip 80116) resident is $43,772 a year. The US average is $28,555 a year.
- The Median household income of a Franktown (zip 80116) resident is $112,033 a year. The US average is $69,021 a year.