Franconia, New Hampshire (03580) is a small rural town located in the White Mountain region. Home to just over 2,000 people, this quaint community has plenty to offer its residents. With an average 2-bedroom rent of $1,620, Franconia is more expensive than the US average of $1,430. Residents in Franconia also pay slightly more for groceries as the grocery cost index in Franconia is 110 compared to the US index of 100.
The local economy in Franconia revolves around tourism and outdoor recreation, with a number of large companies such as Mount Washington Auto Road and White Mountain Attractions driving employment opportunities. Beyond that there are numerous independent retailers and restaurants offering unique services and dining experiences to locals. The cost of living in Franconia may be higher than other parts of New Hampshire but it is worth it given the natural beauty and recreational activities available here.
Franconia (zip 03580) has an unemployment rate of 2.9%. The US average is 6.0%.
Franconia (zip 03580) has seen the job market decrease by -6.5% over the last year. Future job growth over the next ten years is predicted to be 31.3%, which is lower than the US average of 33.5%.
Tax Rates for Franconia (zip 03580)
- The Sales Tax Rate for Franconia (zip 03580) is 0.0%. The US average is 7.3%.
- The Income Tax Rate for Franconia (zip 03580) is 0.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Franconia (zip 03580)
- The average income of a Franconia (zip 03580) resident is $44,077 a year. The US average is $37,638 a year.
- The Median household income of a Franconia (zip 03580) resident is $74,821 a year. The US average is $69,021 a year.