Franklin, TX, located in zip code 77856, is a great place to live. The average cost of rent for a two-bedroom apartment in the area is $1,000 per month which is lower than the US average of $1,430. Furthermore, the Grocery Cost Index in the area is 95 versus 100 in the US making groceries more affordable.
The small town of Franklin is home to many businesses and attractions. Local companies include Franklin Automotive Ltd., Franklin Financial Services Group, and Franklin Grocers & Co. There are many things to see and do around town including visiting Joe Crenshaw Park or stopping by Nitti’s Italian Café for dinner. With its low cost of living and many options for entertainment, it’s no wonder why Franklin has become such a desirable place to call home.
Franklin (zip 77856) has an unemployment rate of 6.5%. The US average is 6.0%.
Franklin (zip 77856) has seen the job market decrease by -4.5% over the last year. Future job growth over the next ten years is predicted to be 33.7%, which is higher than the US average of 33.5%.
Tax Rates for Franklin (zip 77856)
- The Sales Tax Rate for Franklin (zip 77856) is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Franklin (zip 77856) 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 77856)
- The average income of a Franklin (zip 77856) resident is $30,988 a year. The US average is $37,638 a year.
- The Median household income of a Franklin (zip 77856) resident is $61,284 a year. The US average is $69,021 a year.