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Franklin, NJ

Full City Profile · New Jersey · Sussex County County

3.2 /5.0
B Good
4,938 Population 1,133/sq mi density
$90,152 Median Income $42,217 per capita
$253,100 Home Value $375,147 Zillow
$1,340 Median Rent 21.9% income on rent
50°F Avg Temperature 275 sunny days/yr
213 Violent Crime/100K 1,021 property/100K
B
Overall
3.2 / 5.0
Good overall score based on economy, affordability, safety and education
A
Economy
4.4 / 5.0
$90,152 median income, 4.5% unemployment
A+
Affordability
5.0 / 5.0
$253,100 home value, $1,340/mo rent
F
Safety
1.0 / 5.0
213 violent crimes/100K
C+
Education
2.6 / 5.0
19.5% bachelor's degree or higher

Income Overview

Median Household Income
$90,152
20% above
US avg: $75,149
Per Capita Income
$42,217
8% above
US avg: $39,052
Unemployment Rate
4.5%
25% above
US avg: 3.6%
Poverty Rate
5.0%
60% below
US avg: 12.4%

Income Comparison: Franklin vs. U.S. Average

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

Median Household
US: $75,149
$90,152
120%
Per Capita
US: $39,052
$42,217
108%
IRS Avg AGI
US: $72,000
$97,341
135%
Avg Weekly Wage
US: $1,432
$1,129
79%
Thin line = U.S. average (100%)

Employment & Commute

Avg Weekly Wage
$1,129
21% below US avg ($1,432)
Mean Commute Time
35 min
28% above US avg (28 min)
Work From Home
4.0%
74% below US avg (15.2%)
Drive Alone
81.9%
12% above US avg (73.2%)
Public Transit
0.6%
88% below US avg (5.0%)
County GDP
$6,729M
County-level GDP (BEA 2024)

How Residents Get to Work

Drive Alone 81.9%
Public Transit 0.6%
Work From Home 4%
Other 13.5%
Average commute time
35 minutes
US avg: 28 min

Business Landscape

Total Establishments
3,624
Restaurants
285
Healthcare
375
Retail
406
Manufacturing
97

Tax & Financial

IRS Avg Adjusted Gross Income
$97,341
35% above US avg ($72,000)
Avg Property Tax
$10,140
190% above US avg ($3,500)
Cost of Living Index
108.8
Above national average (100 = US avg)

Complete Economy Data

Income & Wages

Median Household Income$90,152
Per Capita Income$42,217
IRS Avg Adjusted Gross Income$97,341
Avg Weekly Wage$1,129
County GDP$6,729M

Hardship Indicators

Unemployment Rate4.5%
Poverty Rate5.0%
Gini Coefficient0.417
Cost of Living Index108.8

Commute

Mean Commute35 minutes
Drive Alone81.9%
Public Transit0.6%
Work From Home4.0%

Businesses

Total Establishments3,624
Restaurants285
Healthcare375
Retail406
Manufacturing97

Tax

IRS Avg AGI$97,341
Avg Property Tax$10,140