Franklin, NJ

Full City Profile · New Jersey · Sussex County County

3.5 /5.0
B+ Good
4,938 Population 1,133/sq mi density
$90,152 Median Income $42,217 per capita
$253,100 Home Value $386,807 Zillow
$1,340 Median Rent 21.9% income on rent
50°F Avg Temperature
B+
Overall
3.5 / 5.0
Good overall score based on economy, affordability, safety and education
A
Economy
4.0 / 5.0
$90,152 median income, 7.1% unemployment
A+
Affordability
5.0 / 5.0
$253,100 home value, $1,340/mo rent
C+
Safety
2.5 / 5.0
0 violent crimes/100K
C+
Education
2.6 / 5.0
19.5% bachelor's degree or higher

Franklin, NJ

At a Glance

Median Income
$90,152
20% above
$42,217 per capita
Home Value
$253,100
10% below
Zillow: $386,807
Median Rent
$1,340/mo
15% above
21.9% of income on rent
Violent Crime
0/100K
100% below
515/100K property
Bachelor's Degree+
19.5%
42% below
91.8% high school+
Unemployment
7.1%
97% above
5.0% poverty rate
Obesity Rate
28.6%
11% below
14.3% smoking rate
Avg Temperature
50°F

How Franklin Compares to the U.S. Average

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

Income
120%
Home Value
90%
Rent
115%
Poverty
40%
Bachelor's
58%
Unemployment
197%
Crime
0%
Thin vertical line = U.S. national average (100%)

Is Franklin a Good Place to Live?

B+
3.5 / 5.0 - Good
Based on economy, affordability, safety, and education metrics compared to national averages.

Economy & Jobs

Franklin residents earn a median household income of $90,152 , which is 20% above the national average of $75,149. Per capita income is $42,217. The unemployment rate stands at 7.1% (97% above the U.S. rate of 3.6%). 5.0% of residents live below the poverty line. The area is home to 3,624 business establishments, including 285 restaurants.

Housing & Cost of Living

The median home value in Franklin is $253,100 , 10% below the national median of $281,900. Zillow estimates the typical home at $386,807. Median rent is $1,340/month, with 21.9% 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 1960.

Safety & Crime

Franklin reports 0 violent crimes per 100,000 residents , which is 100% below the national average of 380/100K. Property crime is 515/100K.

Education

19.5% of adults in Franklin hold a bachelor's degree or higher (42% below the national average). 91.8% have completed high school. Local schools score 6.6/10 in standardized testing.

Climate & Weather

Franklin has an average annual temperature of 50°F (10°C). Winters average 27°F in January while summers reach 72°F in July. Annual precipitation totals 40.9 inches.

Data Overview

People

Population4,938
Median Age51.6 yrs
Density1,133/mi²
Male / Female52% / 48%
Foreign Born9.7%
Veterans6.2%

Economy

A
Median Income$90,152
Per Capita$42,217
Unemployment7.1%
Poverty5.0%
County GDP$6,729M
Avg Weekly Wage$1,129

Housing

A+
Home Value$253,100
Rent$1,340
Ownership57.0%
Zillow$386,807
Housing Units2,348
Rent Burden21.9%

Crime

C+
Violent0/100K
Property515/100K

Health

Obesity28.6%
Diabetes8.5%
Smoking14.3%
Heart Disease5.1%
Premature Death6,516/100K

Climate

Avg Temp50°F
Rain40.9 in/yr
Elevation543 ft

Education

C+
Bachelor's+19.5%
High School+91.8%
Graduate+5.4%
School Score6.6/10

Community

2024 VoteR 62% / D 37%
Commute35 min
Broadband87.7%
Internet Speed52 Mbps
EV Stations1
Libraries7

Did You Know?

Franklin was founded in 1913.
The median home in Franklin was built in 1960.
The nearest airport is Newark Liberty International (36 miles).
The Gini coefficient (income inequality) is 0.417 (U.S. avg: 0.490).
Natural hazard risk is rated "Relatively Low" by FEMA.
14.4% of the population has a disability.
There are 285 restaurants in the area.
The county recorded 14 fatal vehicle crashes.