Living in Franklin Square, New York
Cost of living, income, home prices, rent and demographics of Franklin Square · Census data 2020–2024
Franklin Square has 30,897 residents with a median age of 40. The median household income is $143,263 (67% higher than the New York median), the median home value is $657,000, the median rent is $2,102/month.
Franklin Square at a glance
- Population
- 30,897
- Median age
- 40State: 39.8
- Median household income
- $143,263State: $85,974
- Median home value
- $657,000State: $423,800
- Median rent
- $2,102/moState: $1,621
- Homeowners
- 83.2%
- Bachelor's degree or higher
- 38.4%
- Average commute
- 35 min
Is Franklin Square a good place to live?
Pros: Median household income 67% higher than the New York median; unemployment of 5.6%; a poverty rate of 5.6%.
Cons: Home values 55% higher than the state median; an average commute of 35 minutes.
The weather is best in May–June and August–September.
Cost of living in Franklin Square
Housing is the biggest part of the cost of living. In Franklin Square the median home value is $657,000, 97% higher than the U.S. median. Renters pay a median of $2,102 per month, which is 29.9% of household income. Homeowners with a mortgage pay $3,674 a month in housing costs.
Franklin Square median household income
The median household income in Franklin Square is $143,263 and the income per person is $51,005. 5.6% of residents live below the poverty line (New York: 14%).
Housing in Franklin Square: homes for sale and rent
- Housing units
- 10,067
- Owner-occupied
- 83.2%
- Renter-occupied
- 16.8%
- Vacant
- 3.2%Includes seasonal homes
- Median year built
- 1954
- Average household size
- 3.15
Franklin Square demographics
- Population
- 30,897
- Median age
- 40
- Under 18
- 19.9%
- 65 and older
- 17.5%
- Households
- 9,745
- Foreign-born
- 27.2%
- Veterans
- 3.6%Adults 18+
Hispanic or Latino can be of any race. Population history of Franklin Square ›
Education in Franklin Square
38.4% of adults 25 and older in Franklin Square have a bachelor's degree or higher (New York: 40.2%), and 17.5% have a graduate or professional degree.
Jobs and commute in Franklin Square
- Unemployment rate
- 5.6%State: 6.4%
- Average commute
- 35 minState: 33 min
- Work from home
- 11.5%
- Drive alone
- 66.7%
- Public transit
- 10%
- Walk to work
- 0.5%
- Homes with broadband
- 94%
Franklin Square vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Franklin Square | 30,897 | $143,263 | $657,000 | $2,102 |
| Garden City South | 4,075 | $136,164 | $740,400 | $2,638 |
| West Hempstead | 20,648 | $164,127 | $653,600 | $2,967 |
| Stewart Manor | 1,797 | $155,000 | $799,700 | $1,921 |
| Malverne Park Oaks | 635 | $144,205 | $488,200 | — |
| Elmont | 36,518 | $114,217 | $602,900 | $2,209 |
| South Floral Park | 1,706 | $119,496 | $603,400 | $1,938 |
| Malverne | 8,477 | $149,489 | $651,100 | $1,898 |
| North Valley Stream | 17,825 | $142,733 | $613,800 | $3,059 |
More for people moving to Franklin Square
Franklin Square ZIP code ›Weather and climate ›Living in Franklin Square: FAQ
What is the median household income in Franklin Square, NY?
The median household income in Franklin Square is $143,263, 67% higher than the New York median of $85,974 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Franklin Square?
The median home value in Franklin Square is $657,000, compared with $423,800 in New York.
How much is rent in Franklin Square?
The median gross rent in Franklin Square is $2,102 per month, about 29.9% of household income.
Is Franklin Square, NY a good place to live?
Pluses: median household income 67% higher than the New York median; unemployment of 5.6%; a poverty rate of 5.6%. Minuses: home values 55% higher than the state median; an average commute of 35 minutes.
What is the median age in Franklin Square?
The median age in Franklin Square is 40 years (New York: 39.8).
How long is the commute in Franklin Square?
The average commute to work in Franklin Square is 35 minutes; 11.5% of workers work from home.
What is the unemployment rate in Franklin Square?
The unemployment rate in Franklin Square is 5.6% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Franklin Square?
38.4% of adults in Franklin Square 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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