Franklin, TN (zipcode 37064) is a great place to live due to its affordability and convenience. With an average 2 bedroom rent of $1,760 and a grocery cost index of 106 compared to the US average of 100, living in Franklin offers an economical yet comfortable lifestyle. Additionally, Franklin is home to several companies such as Nissan Americas Headquarters and Community Health Systems which provide many working opportunities for residents. There are also plenty of shopping areas nearby so one can easily get their hands on their everyday needs with ease. Moreover, there are many parks in Franklin where one can enjoy outdoor activities like hiking or cycling. All in all, Franklin provides the perfect blend of low cost living with plenty of facilities and job opportunities for its inhabitants.
Franklin (zip 37064) has an unemployment rate of 3.1%. The US average is 6.0%.
Franklin (zip 37064) has seen the job market decrease by -5.7% over the last year. Future job growth over the next ten years is predicted to be 53.4%, which is higher than the US average of 33.5%.
Tax Rates for Franklin (zip 37064)
- The Sales Tax Rate for Franklin (zip 37064) is 9.3%. The US average is 7.3%.
- The Income Tax Rate for Franklin (zip 37064) 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 Franklin (zip 37064)
- The average income of a Franklin (zip 37064) resident is $54,981 a year. The US average is $37,638 a year.
- The Median household income of a Franklin (zip 37064) resident is $109,927 a year. The US average is $69,021 a year.