70538 Franklin, LA is a town located in St. Mary Parish with a population of 8,575. It offers low living costs and attractive housing rates. The average rent for a 2-bedroom apartment is only $860, which is much lower than the US average of $1,430. Groceries are also cheaper in the area with a grocery cost index of 93 versus 100 in the US. There are numerous local businesses located in 70538 Franklin, LA such as Daigle's Pharmacy, which provides excellent pharmaceutical services to the community and Bayou Land Realty which specializes in helping residents find their dream homes. Other local companies include M&M Home Designers, Ainsworth Plumbing Supplies and Trinity Financial Services.
Franklin (zip 70538) has an unemployment rate of 8.3%. The US average is 6.0%.
Franklin (zip 70538) has seen the job market decrease by -5.9% over the last year. Future job growth over the next ten years is predicted to be 3.6%, which is lower than the US average of 33.5%.
Tax Rates for Franklin (zip 70538)
- The Sales Tax Rate for Franklin (zip 70538) is 8.5%. The US average is 7.3%.
- The Income Tax Rate for Franklin (zip 70538) is 6.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Franklin (zip 70538)
- The average income of a Franklin (zip 70538) resident is $21,980 a year. The US average is $37,638 a year.
- The Median household income of a Franklin (zip 70538) resident is $40,304 a year. The US average is $69,021 a year.