Franklin, ME (04634) is a wonderful place to call home for those looking for an affordable cost of living. The average two bedroom rental in Franklin is just $1,040 compared to the national average of $1,430 - making it a great option for budget-conscious renters. Additionally, the Grocery Cost Index in Franklin is 106 compared to 100 nationally, offering residents access to quality groceries without breaking the bank.
Residents of Franklin have access to plenty of local businesses and services as well including the Maine Media Workshops + College, Caron's Pharmacy, and Rita's Hair Design. In addition to these traditional brick-and-mortar locations there are also numerous online resources available such as Mainely Outdoors for outdoor recreation and GoFundMe for crowdfunding campaigns. With many great options available both locally and online, Franklin offers its residents a wonderful quality of life with plenty of shopping opportunities.
Franklin (zip 04634) has an unemployment rate of 7.0%. The US average is 6.0%.
Franklin (zip 04634) has seen the job market decrease by -7.9% over the last year. Future job growth over the next ten years is predicted to be 32.5%, which is lower than the US average of 33.5%.
Tax Rates for Franklin (zip 04634)
- The Sales Tax Rate for Franklin (zip 04634) is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Franklin (zip 04634) is 7.2%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Franklin (zip 04634)
- The average income of a Franklin (zip 04634) resident is $27,436 a year. The US average is $37,638 a year.
- The Median household income of a Franklin (zip 04634) resident is $53,333 a year. The US average is $69,021 a year.