55333 Franklin is a small city located in Minnesota. It has a population of approximately 2,000 people and offers plenty of opportunity to those looking for new jobs or a low cost of living. The average two bedroom rent in 55333 Franklin is only $830, significantly lower than the national average rent ($1,430). The grocery cost index is also lower than the United States average (93 versus 100) making it more affordable to eat fresh produce and other groceries in this area. There are many local businesses that provide goods and services for locals such as True Value Hardware Shop, Garden Market Grocery Store, and Blomquist’s Family Restaurant. 55333 Franklin provides an ideal location for those seeking out the perfect combination of job opportunities small town charm and low cost of living.
Franklin (zip 55333) has an unemployment rate of 5.9%. The US average is 6.0%.
Franklin (zip 55333) has seen the job market increase by 6.7% over the last year. Future job growth over the next ten years is predicted to be 46.0%, which is higher than the US average of 33.5%.
Tax Rates for Franklin (zip 55333)
- The Sales Tax Rate for Franklin (zip 55333) is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Franklin (zip 55333) is 7.1%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Franklin (zip 55333)
- The average income of a Franklin (zip 55333) resident is $27,623 a year. The US average is $37,638 a year.
- The Median household income of a Franklin (zip 55333) resident is $66,875 a year. The US average is $69,021 a year.