Living in Folsom, New Jersey
Cost of living, income, home prices, rent and demographics of Folsom · Census data 2020–2024
Folsom has 1,773 residents with a median age of 43.2. The median household income is $110,227 (6% higher than the New Jersey median), the median home value is $273,700, the median rent is $1,705/month.
Folsom at a glance
- Population
- 1,773
- Median age
- 43.2State: 40.1
- Median household income
- $110,227State: $103,556
- Median home value
- $273,700State: $454,400
- Median rent
- $1,705/moState: $1,720
- Homeowners
- 93.1%
- Bachelor's degree or higher
- 29.4%
- Average commute
- 34 min
Is Folsom a good place to live?
Pros: Median household income 6% higher than the New Jersey median; home values 40% lower than the state median; a poverty rate of 7.3%.
Cons: An average commute of 34 minutes; unemployment of 8.3%.
The weather is best in May–June and August–September.
Cost of living in Folsom
Housing is the biggest part of the cost of living. In Folsom the median home value is $273,700, 18% lower than the U.S. median. Renters pay a median of $1,705 per month, which is 29.4% of household income. Homeowners with a mortgage pay $1,982 a month in housing costs.
Folsom median household income
The median household income in Folsom is $110,227 and the income per person is $47,417. 7.3% of residents live below the poverty line (New Jersey: 9.7%).
Housing in Folsom: homes for sale and rent
- Housing units
- 682
- Owner-occupied
- 93.1%
- Renter-occupied
- 6.9%
- Vacant
- 2.9%Includes seasonal homes
- Median year built
- 1971
- Average household size
- 2.64
Folsom demographics
- Population
- 1,773
- Median age
- 43.2
- Under 18
- 19.9%
- 65 and older
- 18.2%
- Households
- 662
- Foreign-born
- 4.2%
- Veterans
- 5.3%Adults 18+
Hispanic or Latino can be of any race. Population history of Folsom ›
Education in Folsom
29.4% of adults 25 and older in Folsom have a bachelor's degree or higher (New Jersey: 43.6%), and 13% have a graduate or professional degree.
Jobs and commute in Folsom
- Unemployment rate
- 8.3%State: 6.3%
- Average commute
- 34 minState: 31 min
- Work from home
- 8.5%
- Drive alone
- 81.5%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 94%
Folsom vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Folsom | 1,773 | $110,227 | $273,700 | $1,705 |
| Newtonville | 675 | $81,780 | $220,700 | — |
| Collings Lakes | 1,988 | $113,061 | $217,200 | — |
| Hammonton | 14,840 | $78,087 | $349,800 | $1,611 |
| Buena Vista | 7,103 | $87,581 | $227,300 | — |
| Victory Lakes | 1,577 | $89,907 | $271,800 | — |
| Buena | 4,520 | $79,697 | $256,800 | $1,156 |
| Elwood | 733 | $85,954 | $208,900 | — |
| Richland | 639 | $158,271 | $225,300 | — |
More for people moving to Folsom
Folsom ZIP code ›Weather and climate ›Living in Folsom: FAQ
What is the median household income in Folsom, NJ?
The median household income in Folsom is $110,227, 6% higher than the New Jersey median of $103,556 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Folsom?
The median home value in Folsom is $273,700, compared with $454,400 in New Jersey.
How much is rent in Folsom?
The median gross rent in Folsom is $1,705 per month, about 29.4% of household income.
Is Folsom, NJ a good place to live?
Pluses: median household income 6% higher than the New Jersey median; home values 40% lower than the state median; a poverty rate of 7.3%. Minuses: an average commute of 34 minutes; unemployment of 8.3%.
What is the median age in Folsom?
The median age in Folsom is 43.2 years (New Jersey: 40.1).
How long is the commute in Folsom?
The average commute to work in Folsom is 34 minutes; 8.5% of workers work from home.
What is the unemployment rate in Folsom?
The unemployment rate in Folsom is 8.3% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Folsom?
29.4% of adults in Folsom have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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