Franklin, Wisconsin (53132) is located in Milwaukee county near the border of Waukesha and Racine counties. It is an affluent suburb boasting a population of roughly 36,000 people. With a median home value of $334,700 and 2-bedroom rents averaging $1,300/month, Franklin has a slightly lower cost of living than the US average for similar amenities.
The city offers plenty to do for locals as well as visitors. The local Brewers Stadium provides entertainment all year round while nearby Whitnall Park offers recreational activities such as golfing and biking trails for outdoor enthusiasts. There are also numerous shops and restaurants to explore throughout the city such as Applebee’s Grill & Bar, Fox Run Shopping Center, and Greenfield Shopping Center. Franklin is also home to several large companies including Aurora Health Care, Quad Graphics Inc., and Rockwell Automation Corporation.
Franklin (zip 53132) has an unemployment rate of 4.4%. The US average is 6.0%.
Franklin (zip 53132) 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 31.1%, which is lower than the US average of 33.5%.
Tax Rates for Franklin (zip 53132)
- The Sales Tax Rate for Franklin (zip 53132) is 5.6%. The US average is 7.3%.
- The Income Tax Rate for Franklin (zip 53132) is 6.3%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Franklin (zip 53132)
- The average income of a Franklin (zip 53132) resident is $44,619 a year. The US average is $37,638 a year.
- The Median household income of a Franklin (zip 53132) resident is $92,332 a year. The US average is $69,021 a year.