Franklin, MO (65250) is a small town in the St. Louis metropolitan area. The median cost of a two-bedroom apartment in Franklin is $770, far below the national average of $1,430. Additionally, the living cost index for groceries in Franklin is 95 versus 100 in the US, meaning that grocery costs are lower than the national average. There are numerous local businesses within Franklin such as DJ’s Country Market - a locally owned grocery store, Coffee Lick & Lock - an artisan coffee shop, and Hennel's Hardware - a family owned hardware store.
Franklin (zip 65250) has an unemployment rate of 3.1%. The US average is 6.0%.
Franklin (zip 65250) has seen the job market increase by 0.0% over the last year. Future job growth over the next ten years is predicted to be 25.5%, which is lower than the US average of 33.5%.
Tax Rates for Franklin (zip 65250)
- The Sales Tax Rate for Franklin (zip 65250) is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Franklin (zip 65250) is 5.9%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Franklin (zip 65250)
- The average income of a Franklin (zip 65250) resident is $22,052 a year. The US average is $28,555 a year.
- The Median household income of a Franklin (zip 65250) resident is $59,643 a year. The US average is $69,021 a year.