Franklin borough, New Jersey
CityPopulation: 4,938 (2023 estimate)
Located in New Jersey , New Jersey
Census Bureau data for Franklin borough from the American Community Survey. "Cities" in Census data include incorporated places, towns, villages, and census-designated places (CDPs) — all places where the Census collects community-level estimates.
Data: U.S. Census Bureau, ACS 5-Year Estimates, 2023 (released December 2024).
Quick Facts — Franklin borough
- What is the median household income in Franklin borough?
- The median household income in Franklin borough is $90,152 (U.S. Census Bureau ACS 5-Year Estimates, 2023).
- What is the poverty rate in Franklin borough?
- The poverty rate in Franklin borough is 5.0% (U.S. Census Bureau ACS 2023).
- What is the median home value in Franklin borough?
- $253,100 (U.S. Census Bureau ACS 2023).
- What is the average rent in Franklin borough?
- The median gross rent in Franklin borough is $1,340 per month (U.S. Census Bureau ACS 2023).
- What percentage of Franklin borough residents have a college degree?
- 19.5% of adults in Franklin borough hold a bachelor's degree or higher (U.S. Census Bureau ACS 2023).
Population
4,938
Median Income
$90,152
Median Home Value
$253,100
Poverty Rate
5.0%
Unemployment (ACS 2023)
7.1%
Median Age
51.0 yrs
Since 2019
Median Income:
+$24,823 (+38%)
Home Value:
+$65,500 (+34.9%)
Poverty Rate:
0.0 pp (+0%)
Bachelor's+:
-0.1 pp (-0.5%)
Unemployment:
+0.8 pp (+12.7%)
Demographics
Total Population
4,938
Median Age
51.0
Female
47.7%
Race & Ethnicity
Hispanic or Latino 19.2%
White (non-Hisp.) 75.8%
Black 1.5%
Asian 0.2%
Two or More 10.4%
Other 8.4%
Hispanic Subgroups (% of total pop.)
Puerto Rican
6.7%
Mexican
0.2%
Cuban
0.1%
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Income & Poverty
Median Household Income
$90,152
±$12,831
-$10,898 vs. state
Per Capita Income
$98,157
Median Family Income
$99,569
Poverty Rate
5.0%
-2.0 pp vs. state
Child Poverty Rate
7.6%
Working-Age Poverty Rate
—
SNAP Recipients
5.7%
Social Security Income
—
Retirement Income
33.7%
Household Income Distribution
< $10k
4.2%
$10–15k
2.4%
$15–25k
8.5%
$25–35k
6.3%
$35–50k
11.5%
$50–75k
10.6%
$75–100k
22.0%
$100–150k
20.5%
$150–200k
8.6%
$200k+
5.4%
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Housing
Total Housing Units
2,359
Owner-Occupied
57.0%
Renter-Occupied
43.0%
Vacancy Rate
4.5%
Median Home Value
$253,100
-$174,500 vs. state
Median Gross Rent
$1,340
Owner Cost Burden (30%+)
31.9%
Renter Cost Burden (30%+)
29.9%
Home Value Distribution
< $50k
6.9%
$50–100k
4.5%
$100–200k
5.3%
$200–300k
42.2%
$300–500k
24.5%
$500k–$1M
6.0%
$1M+
0.5%
Gross Rent Distribution
< $500
1.3%
$500–1k
27.0%
$1–1.5k
47.0%
$1.5–2k
18.9%
$2–2.5k
5.8%
Vehicle Availability
No vehicle
10.4%
1 vehicle
40.7%
2 vehicles
28.4%
3+
20.5%
Housing Type
Single-fam. det.
50.7%
Single-fam. att.
8.0%
2–4 units
3.7%
5–19 units
5.7%
20+ units
5.7%
Mobile home
5.0%
Housing Age
Pre-1940
36.2%
1940–1969
6.0%
1970–1999
13.3%
2000–2009
6.2%
2010+
1.1%
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Education
High School or Higher
91.8%
Bachelor's or Higher
19.5%
-23.4 pp vs. state
Graduate Degree
6.1%
Some College / Associate
25.3%
Less Than High School
1.9%
Enrolled in School
—
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Employment
Labor Force Participation
64.3%
Unemployment Rate
7.1%
+0.9 pp vs. state
Work from Home
4.0%
Self-Employed
1.2%
Government Workers
14.4%
Private For-Profit
84.4%
Industry
Edu/Health
21.1%
Retail
15.3%
Construction
10.8%
Prof. Services
10.5%
Manufacturing
7.6%
Transportation
7.6%
Arts/Entmt.
7.5%
Public Admin
4.7%
Wholesale
4.0%
Finance
3.5%
Information
1.9%
Agriculture
1.6%
Occupation
Management
30.9%
Food Prep
23.0%
Construction
16.4%
Sales
15.3%
Production
14.5%
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Commute
Median Travel Time
35.3 min
Drove Alone
81.9%
Carpool
11.3%
Public Transit
0.6%
Work from Home
4.0%
Walked
1.2%
Bicycle
—
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Households & Families
Total Households
2,252
Avg. Household Size
2.00
Avg. Family Size
—
Married-Couple Households
37.5%
Single-Mother Households
—
Single-Father Households
—
Living Alone
—
Households with Children
11.3%
Multigenerational
—
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Age Distribution
Under 5
4.7%
5–9
5.4%
10–14
4.4%
15–19
3.4%
20–24
5.6%
25–34
12.9%
35–44
5.6%
45–54
12.5%
55–64
9.5%
65–74
10.6%
75–84
15.9%
85+
5.7%
Under 18: 16.3%
Working age (18–64): 83.7%
65 and over: 25.5%
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Social Characteristics
Immigration
Foreign Born
9.7%
Naturalized Citizen
61.8%
Speaks English Less Than Very Well
5.8%
Foreign-Born Origin
Latin America
76.0%
Europe
17.3%
Asia
5.2%
Veterans & Disability
Veteran
6.2%
With a Disability
14.4%
Cognitive Difficulty
—
Ambulatory Difficulty
—
Health Insurance
Insured
93.1%
Uninsured
6.9%
Employer Insurance
—
Medicaid
—
Medicare
—
Technology & Mobility
Broadband Internet
87.7%
Has a Computer
93.0%
Same House 1 Year Ago
89.7%
Moved from Abroad
0.0%
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023