Franklin, IL (Zip Code 62638) is located in Morgan County and is a great place to call home. The average two-bedroom apartment rent is $880, which is much lower than the US average of $1,430. Moreover, for grocery costs, it has an index of 92 compared to the US index of 100.
Franklin provides numerous amenities for its residents that make living there so convenient and enjoyable. The city offers many job opportunities from local companies like Franklin Community Unit School District No. 1, Anderson Hospital, and Franklin Park District. Residents also have access to activities such as fishing at Lake Lou Yaeger or golfing at Timber Lakes Golf Course. There are several parks for outdoor fun as well as nearby museums like the Illinois State Military Museum and Strawn Art Gallery where residents can explore local art pieces and learn about history.
Franklin (zip 62638) has an unemployment rate of 5.5%. The US average is 6.0%.
Franklin (zip 62638) has seen the job market decrease by -7.0% over the last year. Future job growth over the next ten years is predicted to be 17.7%, which is lower than the US average of 33.5%.
Tax Rates for Franklin (zip 62638)
- The Sales Tax Rate for Franklin (zip 62638) is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Franklin (zip 62638) is 5.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Franklin (zip 62638)
- The average income of a Franklin (zip 62638) resident is $39,975 a year. The US average is $37,638 a year.
- The Median household income of a Franklin (zip 62638) resident is $73,810 a year. The US average is $69,021 a year.