Cost of living in Franklin (Merced County), California

Cost of living
compared to USA

the highest

Cost of living
compared to California

the lowest

Median household
income

low

Is it expensive to live in Franklin (Merced County), California? When calculating the cost of living in Franklin (Merced County), California we factor in state income tax rates, average housing rental prices, average property values, cost of living index, and more.

The cost of living in Franklin (Merced County), California is the highestAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in the United States and the lowestAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in California, while median household income in Franklin (Merced County) is $51,185 which is low Analytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in the United States and lowAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in California.

Taxes in Franklin (Merced County), California

The sales tax rate in Franklin (Merced County), California is 8.2%. Last year, the average property taxes paid was 0.8% Franklin (Merced County), California.

Here is the table with the State Income Taxes in the state of California:

State Income Tax Brackets:

Income Brackets(single):	Income Brackets(Married):	California Income Tax Rate
$0 - $10,099	$0 - $20,198	1.0%
$10,099 - $23,942	$20,198 - $47,884	2.0%
$23,942 - $37,788	$47,884 - $75,576	4.0%
$37,788 - $52,455	$75,576 - $104,910	6.0%
$52,455 - $66,295	$104,910 - $132,590	8.0%
$66,295 - $338,639	$132,590 - $677,278	9.3%
$338,639 - $406,364	$677,278 - $812,728	10.3%
$406,364 - $677,275	$812,728 - $1,000,000	11.3%
$677,275 - $1,000,000	$1,000,000 - $1,354,550	12.3%
>= $1,000,000	>= $1,354,550	13.3%

Housing costs in Franklin (Merced County), California

The average cost of
a single-family home
compated to USA

the highest

The average cost of
a single-family home
compated to California

low

In Franklin (Merced County), California, 68.0% of the population owns their homes, while approximately 32.0% rent. The average cost of a single-family home in Franklin (Merced County), California in 2023 is $372,286 which is the highestAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in the United States and lowAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in California. The average one-bedroom apartment cost is approximately $1,320 per month.

Rental Size	Monthly Cost	Compared to California
1 Bedroom	$1,320	lowAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest
2 Bedroom	$1,620	lowAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest
3 Bedroom	$2,280	lowAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest
4 Bedroom	$2,750	lowAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest