Living in Frankford, New Jersey
Cost of living, income, home prices, rent and demographics of Frankford · Census data 2020–2024
Frankford has 5,322 residents with a median age of 48.4. The median household income is $117,286 (13% higher than the New Jersey median), the median home value is $418,400, the median rent is $1,672/month.
Frankford at a glance
- Population
- 5,322
- Median age
- 48.4State: 40.1
- Median household income
- $117,286State: $103,556
- Median home value
- $418,400State: $454,400
- Median rent
- $1,672/moState: $1,720
- Homeowners
- 91.3%
- Bachelor's degree or higher
- 40.4%
- Average commute
- 32 min
Is Frankford a good place to live?
Pros: Median household income 13% higher than the New Jersey median; home values 8% lower than the state median; unemployment of 5%; a poverty rate of 3%.
Cons: An average commute of 32 minutes.
The weather is best in June to September.
Cost of living in Frankford
Housing is the biggest part of the cost of living. In Frankford the median home value is $418,400, 26% higher than the U.S. median. Renters pay a median of $1,672 per month, which is 30.8% of household income. Homeowners with a mortgage pay $2,508 a month in housing costs.
Frankford median household income
The median household income in Frankford is $117,286 and the income per person is $55,479. 3% of residents live below the poverty line (New Jersey: 9.7%).
Housing in Frankford: homes for sale and rent
- Housing units
- 2,590
- Owner-occupied
- 91.3%
- Renter-occupied
- 8.7%
- Vacant
- 18.8%Includes seasonal homes
- Median year built
- 1973
- Average household size
- 2.46
Frankford demographics
- Population
- 5,322
- Median age
- 48.4
- Under 18
- 17.6%
- 65 and older
- 22.7%
- Households
- 2,104
- Foreign-born
- 6.2%
- Veterans
- 4.8%Adults 18+
Hispanic or Latino can be of any race. Population history of Frankford ›
Education in Frankford
40.4% of adults 25 and older in Frankford have a bachelor's degree or higher (New Jersey: 43.6%), and 12.3% have a graduate or professional degree.
Jobs and commute in Frankford
- Unemployment rate
- 5%State: 6.3%
- Average commute
- 32 minState: 31 min
- Work from home
- 12.5%
- Drive alone
- 80.9%
- Public transit
- 0%
- Walk to work
- 0.3%
- Homes with broadband
- 97.2%
Frankford vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Frankford | 5,322 | $117,286 | $418,400 | $1,672 |
| Branchville | 814 | $126,458 | $381,800 | $1,750 |
| Lafayette | 2,344 | $129,038 | $490,200 | $1,891 |
| Sandyston | 1,928 | $104,219 | $337,400 | $1,750 |
| Hampton | 4,912 | $109,676 | $336,700 | $1,680 |
| Layton | 967 | $130,313 | $376,300 | — |
| Crandon Lakes | 1,293 | $94,167 | $284,300 | — |
| Sussex | 2,145 | $75,500 | $275,500 | $1,418 |
| Newton | 8,369 | $76,221 | $302,700 | $1,442 |
More for people moving to Frankford
Frankford ZIP code ›Weather and climate ›Living in Frankford: FAQ
What is the median household income in Frankford, NJ?
The median household income in Frankford is $117,286, 13% 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 Frankford?
The median home value in Frankford is $418,400, compared with $454,400 in New Jersey.
How much is rent in Frankford?
The median gross rent in Frankford is $1,672 per month, about 30.8% of household income.
Is Frankford, NJ a good place to live?
Pluses: median household income 13% higher than the New Jersey median; home values 8% lower than the state median; unemployment of 5%; a poverty rate of 3%. Minuses: an average commute of 32 minutes.
What is the median age in Frankford?
The median age in Frankford is 48.4 years (New Jersey: 40.1).
How long is the commute in Frankford?
The average commute to work in Frankford is 32 minutes; 12.5% of workers work from home.
What is the unemployment rate in Frankford?
The unemployment rate in Frankford is 5% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Frankford?
40.4% of adults in Frankford 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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