Living in Franklin Center, New Jersey
Cost of living, income, home prices, rent and demographics of Franklin Center · Census data 2020–2024
Franklin Center has 6,646 residents with a median age of 51.5. The median household income is $157,212 (52% higher than the New Jersey median), the median home value is $612,000, the median rent is $2,748/month.
Franklin Center at a glance
- Population
- 6,646
- Median age
- 51.5State: 40.1
- Median household income
- $157,212State: $103,556
- Median home value
- $612,000State: $454,400
- Median rent
- $2,748/moState: $1,720
- Homeowners
- 74.5%
- Bachelor's degree or higher
- 63.5%
- Average commute
- 28 min
Is Franklin Center a good place to live?
Pros: Median household income 52% higher than the New Jersey median; an average commute of 28 minutes; unemployment of 4.6%; a poverty rate of 7.3%.
Cons: Home values 35% higher than the state median.
The weather is best in May–June and August–September.
Cost of living in Franklin Center
Housing is the biggest part of the cost of living. In Franklin Center the median home value is $612,000, 84% higher than the U.S. median. Renters pay a median of $2,748 per month, which is 26.1% of household income. Homeowners with a mortgage pay $3,367 a month in housing costs.
Franklin Center median household income
The median household income in Franklin Center is $157,212 and the income per person is $77,849. 7.3% of residents live below the poverty line (New Jersey: 9.7%).
Housing in Franklin Center: homes for sale and rent
- Housing units
- 2,706
- Owner-occupied
- 74.5%
- Renter-occupied
- 25.5%
- Vacant
- 1.7%Includes seasonal homes
- Median year built
- 2006
- Average household size
- 2.44
Franklin Center demographics
- Population
- 6,646
- Median age
- 51.5
- Under 18
- 16.3%
- 65 and older
- 33.8%
- Households
- 2,659
- Foreign-born
- 32.9%
- Veterans
- 4.7%Adults 18+
Hispanic or Latino can be of any race. Population history of Franklin Center ›
Education in Franklin Center
63.5% of adults 25 and older in Franklin Center have a bachelor's degree or higher (New Jersey: 43.6%), and 34.8% have a graduate or professional degree.
Jobs and commute in Franklin Center
- Unemployment rate
- 4.6%State: 6.3%
- Average commute
- 28 minState: 31 min
- Work from home
- 32.4%
- Drive alone
- 53.8%
- Public transit
- 3%
- Walk to work
- 0.1%
- Homes with broadband
- 96.6%
Franklin Center vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Franklin Center | 6,646 | $157,212 | $612,000 | $2,748 |
| South Bound Brook | 4,867 | $112,961 | $359,000 | $1,778 |
| Weston | 2,105 | $83,197 | $548,800 | — |
| Middlebush | 2,049 | $156,938 | $502,100 | — |
| Bound Brook | 12,219 | $90,571 | $397,100 | $1,973 |
| Manville | 10,921 | $93,333 | $354,300 | $1,844 |
| Finderne | 6,489 | $118,064 | $413,400 | $2,114 |
| Somerset | 22,720 | $121,028 | $438,800 | $2,121 |
| Clyde | 129 | $108,750 | $444,400 | — |
More for people moving to Franklin Center
Franklin Center ZIP code ›Weather and climate ›Living in Franklin Center: FAQ
What is the median household income in Franklin Center, NJ?
The median household income in Franklin Center is $157,212, 52% 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 Franklin Center?
The median home value in Franklin Center is $612,000, compared with $454,400 in New Jersey.
How much is rent in Franklin Center?
The median gross rent in Franklin Center is $2,748 per month, about 26.1% of household income.
Is Franklin Center, NJ a good place to live?
Pluses: median household income 52% higher than the New Jersey median; an average commute of 28 minutes; unemployment of 4.6%; a poverty rate of 7.3%. Minuses: home values 35% higher than the state median.
What is the median age in Franklin Center?
The median age in Franklin Center is 51.5 years (New Jersey: 40.1).
How long is the commute in Franklin Center?
The average commute to work in Franklin Center is 28 minutes; 32.4% of workers work from home.
What is the unemployment rate in Franklin Center?
The unemployment rate in Franklin Center is 4.6% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Franklin Center?
63.5% of adults in Franklin Center 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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