Franklin: Wage per job
Wage per job refers to the average annual wage or salary per job, in other words, total compensation divided by the number of filled jobs. Here, we provide information on the real wage per job, which means the data have been adjusted for inflation.
The real wage per job in 2020 in Franklin . . .
- was $35,275, compared to $29,032 a decade earlier;
- increased 6.5 percent between 2018 and 2020;
- ranked 41st – from highest to lowest – out of the 44 counties.
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Note: QCEW wages data represent the total compensation paid which includes bonuses, stock options, severance pay, the cash value of meals and lodging, tips, and other gratuities. For more information about the data please see: (https://www.bls.gov/cew/cewover.htm#Data_Available) The Consumer Price Index (CPI) is a measure of inflation. Here we adjusted dollar values by the CPI-U, which is the most commonly used CPI. Using the CPI to put dollar values in “real” terms makes it easier to see “inflation-free” change over time. Our base year is 2021, which means all dollar values are in terms of 2021 dollars. For more information, see (http://www.bls.gov/cpi/home.htm)
Source: 2006-2020: Bureau of Labor Statistics, Quarterly Census of Employment and Wages (QCEW), (https://data.bls.gov/cgi-bin/dsrv?en); DATE LAST UPDATED: December 16, 2021; CPI updated February 23, 2022.