Franklin, AR is a small town in Arkansas with a population that cannot be determined from the given context. The cost of living is lower in Franklin than it is nationally, with rent for a two bedroom being $740 compared to the national average of $1,430. Groceries are also cheaper, with the grocery cost index being 92 compared to 100 in the US. Local companies in Franklin include Big Creek Lumber Company, which provides quality lumber products and services to customers throughout Arkansas and surrounding states; Cole鈥檚 School Supplies Inc., which provides school supplies and uniforms as well as embroidery services; and Faulkner County Farm Bureau, which offers farm insurance and other services related to farming. These businesses are essential to the local economy in Franklin and contribute to the overall low cost of living experienced by locals.
Franklin has an unemployment rate of 6.0%. The US average is 6.0%.
Franklin has seen the job market decrease by -8.5% over the last year. Future job growth over the next ten years is predicted to be 16.9%, which is lower than the US average of 33.5%.
Tax Rates for Franklin
- The Sales Tax Rate for Franklin is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Franklin is 6.9%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing 黑料社区.
Income and Salaries for Franklin
- The average income of a Franklin resident is $25,010 a year. The US average is $37,638 a year.
- The Median household income of a Franklin resident is $0 a year. The US average is $69,021 a year.