Franklin Center, NJ

Full City Profile · New Jersey · Somerset County County

4.7 /5.0
A+ Excellent
5,770 Population 874/sq mi density
$138,643 Median Income $78,490 per capita
$565,200 Home Value $443,309 Zillow
$2,588 Median Rent 26.9% income on rent
53°F Avg Temperature
A+
Overall
4.7 / 5.0
Strong
A+
Economy
4.6 / 5.0
$138,643 median income, 4.9% unemployment
A
Affordability
4.4 / 5.0
$565,200 home value, $2,588/mo rent
A+
Education
5.0 / 5.0
68.2% bachelor's degree or higher

Franklin Center, NJ

At a Glance

Median Income
$138,643
84% above
$78,490 per capita
Home Value
$565,200
100% above
Zillow: $443,309
Median Rent
$2,588/mo
123% above
26.9% of income on rent
Bachelor's Degree+
68.2%
102% above
96.9% high school+
Unemployment
4.9%
36% above
5.0% poverty rate
Obesity Rate
23.8%
26% below
6.9% smoking rate
Avg Temperature
53°F

How Franklin Center Compares to the U.S. Average

Each bar shows Franklin Center's value as a percentage of the national average (100% = U.S. avg)

Income
184%
Home Value
200%
Rent
223%
Poverty
40%
Bachelor's
202%
Unemployment
136%
Thin vertical line = U.S. national average (100%)

Is Franklin Center a Good Place to Live?

A+
4.7 / 5.0 - Excellent
Based on economy, affordability, safety, and education metrics compared to national averages.

Economy & Jobs

Franklin Center residents earn a median household income of $138,643 , which is 84% above the national average of $75,149. Per capita income is $78,490. The unemployment rate stands at 4.9% (36% above the U.S. rate of 3.6%). 5.0% of residents live below the poverty line. The area is home to 10,950 business establishments, including 823 restaurants.

Housing & Cost of Living

The median home value in Franklin Center is $565,200 , 100% above the national median of $281,900. Zillow estimates the typical home at $443,309. Median rent is $2,588/month, with 26.9% of renters spending more than 30% of income on housing. The cost of living index is 108.8 (100 = national average). The median home was built in 2006.

Education

68.2% of adults in Franklin Center hold a bachelor's degree or higher (102% above the national average). 96.9% have completed high school. Local schools score 7.3/10 in standardized testing.

Climate & Weather

Franklin Center has an average annual temperature of 53°F (11°C). Winters average 30°F in January while summers reach 75°F in July. Annual precipitation totals 47.6 inches.

Data Overview

People

Population5,770
Median Age56.4 yrs
Density874/mi²
Male / Female50% / 50%
Foreign Born34.7%
Veterans6.2%

Economy

A+
Median Income$138,643
Per Capita$78,490
Unemployment4.9%
Poverty5.0%
County GDP$54,494M
Avg Weekly Wage$2,046

Housing

A
Home Value$565,200
Rent$2,588
Ownership69.4%
Zillow$443,309
Housing Units2,714
Rent Burden26.9%

Health

Obesity23.8%
Diabetes8.0%
Smoking6.9%
Heart Disease3.7%
Premature Death4,545/100K

Climate

Avg Temp53°F
Rain47.6 in/yr
Elevation84 ft

Education

A+
Bachelor's+68.2%
High School+96.9%
Graduate+31.0%
School Score7.3/10

Community

2024 VoteR 42% / D 56%
Commute35 min
Broadband96.9%
Internet Speed146 Mbps
EV Stations8
Libraries17

Did You Know?

The median home in Franklin Center was built in 2006.
29.6% work from home.
The nearest airport is Central Jersey Regional (3 miles).
The Gini coefficient (income inequality) is 0.462 (U.S. avg: 0.490).
Natural hazard risk is rated "Relatively Moderate" by FEMA.
13.9% of the population has a disability.
34.7% of residents are foreign-born.
Average internet download speed is 146 Mbps.
There are 823 restaurants in the area.
The county recorded 17 fatal vehicle crashes.