Zip 16323 (Franklin, PA) Economy


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16323 Franklin, PA is an ideal place to live for many reasons. It offers a great quality of life at an affordable price. The 2 bedroom rent in the area is $800, which is significantly lower than the national average of $1,430. Additionally, the grocery cost index in Franklin is 96 compared to 100 nationally, making food costs much more reasonable. Local businesses in Franklin include Amish Market & Antiques, T&T Wholesale Distributors Inc., KRS Logging LLC., and Coldwell Banker Professional Real Estate Services. With such great amenities and a low cost of living, it's no wonder that 16323 Franklin has become so popular among those looking for a comfortable home.

Franklin (zip 16323) has an unemployment rate of 8.1%. The US average is 6.0%.

Franklin (zip 16323) has seen the job market decrease by -0.7% over the last year. Future job growth over the next ten years is predicted to be 9.5%, which is lower than the US average of 33.5%.

Tax Rates for Franklin (zip 16323)
- The Sales Tax Rate for Franklin (zip 16323) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Franklin (zip 16323) is 3.1%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Franklin (zip 16323)
- The average income of a Franklin (zip 16323) resident is $23,827 a year. The US average is $28,555 a year.
- The Median household income of a Franklin (zip 16323) resident is $56,375 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyFranklin, PennsylvaniaUnited States
  8.16
  -5.8%-6.2%
  9.5%33.5%
  6.0%6.2%
  3.1%4.6%
  $31,304$37,638
  $56,375$69,021
  $69,122$85,028
  Population by Occupation
  0.0%1.2%
  0.2%0.5%
  3.0%6.8%
  16.3%10.0%
  3.2%2.5%
  13.0%11.0%
  4.5%4.8%
  0.5%0.8%
  1.2%1.9%
  2.6%4.7%
  0.9%1.9%
  2.9%7.6%
  0.0%0.1%
  6.6%4.2%
  8.1%9.3%
  21.3%14.0%
  1.0%2.1%
  5.2%7.0%
  5.0%4.8%
  4.4%4.7%
Reviews for Franklin
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Over 18 years ago

Franklin is beautifull with several wonderfull parks and one of the best bike trails in the state of Pa. Downtown has wonderfull historic buildings and the house prices  More

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Over 18 years ago

I grew up in Franklin and still miss the views of this smalltown valley. Wonderfull bike trail, main street is cute, lots of beautifull old homes. Prices for a home  More

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