Franklin, VA is a vibrant city located in the south-eastern region of Virginia. It is known for its close proximity to larger cities such as Norfolk and Richmond, making it ideal for those looking to be part of a smaller community while still having access to big city amenities. The cost of living in Franklin is quite reasonable, with an average two bedroom rent at $1000 per month and a grocery cost index of 97 versus 100 in the US. Local businesses that are popular amongst the residents include Franklin Family Diner, Hodges Dairy Bar & Grill, and Lucky 7 Pool Room & Lounge. With its low rent prices and grocery costs near national averages, Franklin is an excellent place to set up residence for anyone looking for a home away from home.
Franklin has an unemployment rate of 8.6%. The US average is 6.0%.
Franklin has seen the job market decrease by -4.0% over the last year. Future job growth over the next ten years is predicted to be 21.5%, which is lower than the US average of 33.5%.
Tax Rates for Franklin
- The Sales Tax Rate for Franklin is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Franklin is 5.8%. 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 $26,519 a year. The US average is $37,638 a year.
- The Median household income of a Franklin resident is $49,424 a year. The US average is $69,021 a year.