Living in Franklinville, New Jersey
Cost of living, income, home prices, rent and demographics of Franklinville · Census data 2020–2024
Franklinville has 1,904 residents with a median age of 40. The median household income is $122,179 (18% higher than the New Jersey median), the median home value is $268,100, the median rent is $1,646/month.
Franklinville at a glance
- Population
- 1,904
- Median age
- 40State: 40.1
- Median household income
- $122,179State: $103,556
- Median home value
- $268,100State: $454,400
- Median rent
- $1,646/moState: $1,720
- Homeowners
- 81.7%
- Bachelor's degree or higher
- 19.8%
- Average commute
- 24 min
Is Franklinville a good place to live?
Pros: Median household income 18% higher than the New Jersey median; home values 41% lower than the state median; an average commute of 24 minutes; unemployment of 5%; a poverty rate of 4.6%.
The weather is best in May–June and September–October.
Cost of living in Franklinville
Housing is the biggest part of the cost of living. In Franklinville the median home value is $268,100, 19% lower than the U.S. median. Renters pay a median of $1,646 per month, which is 24.1% of household income. Homeowners with a mortgage pay $2,045 a month in housing costs.
Franklinville median household income
The median household income in Franklinville is $122,179 and the income per person is $45,556. 4.6% of residents live below the poverty line (New Jersey: 9.7%).
Housing in Franklinville: homes for sale and rent
- Housing units
- 827
- Owner-occupied
- 81.7%
- Renter-occupied
- 18.3%
- Vacant
- 14.8%Includes seasonal homes
- Median year built
- 1972
- Average household size
- 2.70
Franklinville demographics
- Population
- 1,904
- Median age
- 40
- Under 18
- 18.3%
- 65 and older
- 15.7%
- Households
- 705
- Foreign-born
- 5.1%
- Veterans
- 7.5%Adults 18+
Hispanic or Latino can be of any race. Population history of Franklinville ›
Education in Franklinville
19.8% of adults 25 and older in Franklinville have a bachelor's degree or higher (New Jersey: 43.6%), and 6.5% have a graduate or professional degree.
Jobs and commute in Franklinville
- Unemployment rate
- 5%State: 6.3%
- Average commute
- 24 minState: 31 min
- Work from home
- 10.9%
- Drive alone
- 85.5%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 93.8%
Franklinville vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Franklinville | 1,904 | $122,179 | $268,100 | $1,646 |
| Malaga | 1,693 | $107,553 | $236,300 | $1,117 |
| Franklin | 16,490 | $110,197 | $306,800 | $1,602 |
| Clayton | 8,921 | $90,274 | $252,300 | $1,246 |
| Elk | 4,450 | $141,382 | $350,400 | $1,206 |
| Victory Lakes | 1,577 | $89,907 | $271,800 | — |
| Elmer | 1,176 | $95,357 | $227,300 | $1,741 |
| Newfield | 1,844 | $104,107 | $259,400 | $1,510 |
| Glassboro | 23,717 | $87,278 | $314,400 | $1,687 |
More for people moving to Franklinville
Franklinville ZIP code ›Weather and climate ›Living in Franklinville: FAQ
What is the median household income in Franklinville, NJ?
The median household income in Franklinville is $122,179, 18% 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 Franklinville?
The median home value in Franklinville is $268,100, compared with $454,400 in New Jersey.
How much is rent in Franklinville?
The median gross rent in Franklinville is $1,646 per month, about 24.1% of household income.
Is Franklinville, NJ a good place to live?
Pluses: median household income 18% higher than the New Jersey median; home values 41% lower than the state median; an average commute of 24 minutes; unemployment of 5%; a poverty rate of 4.6%.
What is the median age in Franklinville?
The median age in Franklinville is 40 years (New Jersey: 40.1).
How long is the commute in Franklinville?
The average commute to work in Franklinville is 24 minutes; 10.9% of workers work from home.
What is the unemployment rate in Franklinville?
The unemployment rate in Franklinville is 5% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Franklinville?
19.8% of adults in Franklinville 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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