Living in Franklin Park, New Jersey
Cost of living, income, home prices, rent and demographics of Franklin Park · Census data 2020–2024
Franklin Park has 13,211 residents with a median age of 37.1. The median household income is $114,946 (11% higher than the New Jersey median), the median home value is $336,600, the median rent is $2,157/month.
Franklin Park at a glance
- Population
- 13,211
- Median age
- 37.1State: 40.1
- Median household income
- $114,946State: $103,556
- Median home value
- $336,600State: $454,400
- Median rent
- $2,157/moState: $1,720
- Homeowners
- 55.7%
- Bachelor's degree or higher
- 54.4%
- Average commute
- 31 min
Is Franklin Park a good place to live?
Pros: Median household income 11% higher than the New Jersey median; home values 26% lower than the state median; unemployment of 5.6%.
Cons: An average commute of 31 minutes; a poverty rate of 11%.
The weather is best in May–June and August–September.
Cost of living in Franklin Park
Housing is the biggest part of the cost of living. In Franklin Park the median home value is $336,600, about the same as the U.S. median. Renters pay a median of $2,157 per month, which is 28% of household income. Homeowners with a mortgage pay $2,263 a month in housing costs.
Franklin Park median household income
The median household income in Franklin Park is $114,946 and the income per person is $56,415. 11% of residents live below the poverty line (New Jersey: 9.7%).
Housing in Franklin Park: homes for sale and rent
- Housing units
- 5,249
- Owner-occupied
- 55.7%
- Renter-occupied
- 44.3%
- Vacant
- 0%Includes seasonal homes
- Median year built
- 1992
- Average household size
- 2.50
Franklin Park demographics
- Population
- 13,211
- Median age
- 37.1
- Under 18
- 19.9%
- 65 and older
- 12.7%
- Households
- 5,249
- Foreign-born
- 37.1%
- Veterans
- 2.6%Adults 18+
Hispanic or Latino can be of any race. Population history of Franklin Park ›
Education in Franklin Park
54.4% of adults 25 and older in Franklin Park have a bachelor's degree or higher (New Jersey: 43.6%), and 23% have a graduate or professional degree.
Jobs and commute in Franklin Park
- Unemployment rate
- 5.6%State: 6.3%
- Average commute
- 31 minState: 31 min
- Work from home
- 21.2%
- Drive alone
- 64.3%
- Public transit
- 5.1%
- Walk to work
- 0.2%
- Homes with broadband
- 98.5%
Franklin Park vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Franklin Park | 13,211 | $114,946 | $336,600 | $2,157 |
| Six Mile Run | 2,882 | $140,379 | $480,700 | $2,145 |
| Franklin | 68,907 | $124,648 | $457,900 | $2,115 |
| Kendall Park | 10,011 | $165,958 | $590,300 | $1,928 |
| Ten Mile Run | 2,492 | $162,868 | $710,200 | — |
| Griggstown | 812 | $168,393 | $595,500 | — |
| Deans | 1,154 | $248,875 | $790,200 | — |
| Clyde | 129 | $108,750 | $444,400 | — |
| North Brunswick | 44,375 | $120,764 | $431,500 | $2,117 |
More for people moving to Franklin Park
Franklin Park ZIP code ›Weather and climate ›Living in Franklin Park: FAQ
What is the median household income in Franklin Park, NJ?
The median household income in Franklin Park is $114,946, 11% 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 Park?
The median home value in Franklin Park is $336,600, compared with $454,400 in New Jersey.
How much is rent in Franklin Park?
The median gross rent in Franklin Park is $2,157 per month, about 28% of household income.
Is Franklin Park, NJ a good place to live?
Pluses: median household income 11% higher than the New Jersey median; home values 26% lower than the state median; unemployment of 5.6%. Minuses: an average commute of 31 minutes; a poverty rate of 11%.
What is the median age in Franklin Park?
The median age in Franklin Park is 37.1 years (New Jersey: 40.1).
How long is the commute in Franklin Park?
The average commute to work in Franklin Park is 31 minutes; 21.2% of workers work from home.
What is the unemployment rate in Franklin Park?
The unemployment rate in Franklin Park is 5.6% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Franklin Park?
54.4% of adults in Franklin Park 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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