Virginia · South · 19k residents
Franklin Farm, VA: economy, jobs & business costs
The site-selection read on Franklin Farm: labor costs, talent, corporate tax, energy, and business activity, with the Virginia median as the yardstick. Compare it live against any of 3,000 US cities.
Data coverage: ACS place data; supplementary fields may use state estimates.
Average weekly wages in the surrounding labor market run $1,540/wk. Virginia's corporate income tax rate is 6%. Commercial electricity averages 8.7¢/kWh.
Compare Franklin Farm side by side
Avg. weekly wage
$1,540/wk
Corporate income tax
6%
Bachelor's degree or higher
78.7%
Commercial electricity
8.7¢/kWh
Economic momentum
We don't yet track economic momentum for Franklin Farm. It will rank business formation, jobs, and building-permit growth against the US cities we track.
| ACS median home value | $829,600 |
| Price per sq. ft. | $220 |
| Property tax rate | 0.87% |
| 1-bedroom rent | $2,625/mo |
| 2-bedroom rent | $3,150/mo |
| State & local income tax | 4.36% |
| Sales tax | 5.75% |
| Corporate income tax | 6% |
| Avg. weekly wage | $1,540/wk |
| Bachelor's degree or higher | 78.7% |
| Commercial electricity | 8.7¢/kWh |
| Businesses per 1k residents | — |
| Wage: Software developer | $136,460 |
| Wage: Registered nurse | $93,600 |
| Wage: General manager | $122,080 |
| Wage: Customer service | $42,730 |
| Wage: Warehouse worker | $36,380 |
| Wage: Heavy truck driver | $56,860 |
| Wage: Electrician | $62,900 |
| Wage: Retail salesperson | $34,240 |
| Cost of living index | 151 |
| Groceries index | 100 |
| Utilities | $175/mo |
| Transit pass | $70/mo |
| Gas price | $3.15/gal |
| Healthcare index | 98 |
| Childcare (per child) | $1,250/mo |
| Median household income | $215,544 |
| Unemployment rate | 2.9% |
| Population | 19k |
| Crime index | 32/100 |
| School rating | 6.8/10 |
| Walkability | 30/100 |
| Disaster risk | — |
| Avg. commute | 28 min |
| Sunny days / year | 210 days |
| July high | 88°F |
| January low | 25°F |
| Annual snowfall | 21 in |
| Home price YoY | — |
| Home price MoM | — |
| Rent YoY | — |
| Rent MoM | — |
| Employment (jobs) YoY | — |
| Building permits YoY | — |
| Ocean coast | 125 mi |
| Big lake | 166 mi |
| Mountains | 57 mi |
| Major airport | 4 mi |
| Ski resort | 80 mi |
Popular comparisons
Nearby
- McNair, VA · 23k
- Fair Oaks, VA · 36k
- Oakton, VA · 37k
- Reston, VA · 64k
- Herndon, VA · 25k
Similar size
- Laurel, VA · 19k
- Kingstowne, VA · 18k
- Midlothian, VA · 19k
- Colonial Heights, VA · 18k
- Franconia, VA · 18k
Real listings in Franklin Farm
LoopNet ↗Crexi ↗CommercialCafe ↗
Links open third-party listing searches. WhereToHQ has no paid relationship with these sites.
- Is Franklin Farm a good place to run a business?
- Virginia's corporate income tax rate is 6%; average weekly wages in the surrounding labor market run $1,540/wk; commercial electricity averages 8.7¢/kWh. Weigh these against your own priorities in the business comparison tool.
- What is the cost of living in Franklin Farm, VA?
- Franklin Farm indexes at 151 for day-to-day costs against a national baseline of 100, with a typical two-bedroom renting for $3,150/mo and a acs median home value of $829,600.
- How much does a house cost in Franklin Farm?
- The acs median home value in Franklin Farm is $829,600 (Census ACS estimate; individual listings vary).
- How much is rent in Franklin Farm?
- A two-bedroom in Franklin Farm rents for about $3,150/mo.