CensusEasy
CITY

Franklin

New Jersey · 5,083 residents (2025 est.) · 4.356 sq mi
Time machine
COMPARE TO
Part of the New York metro area
Compare
The short version

Franklin is wealthier than most US places, with a median household income of $92,744. Population has declined 4% since 2000. 20% of adults hold a bachelor's degree or higher, below the national rate of 36%. Median home value has more than doubled since 2000, reaching $272,600. With a median age of 48.5, the population is older than the US median of 38.9. It sits in the top 10% of US cities for household income.

At a glance
Wealthier
above the US median
US median: $82,259
Older
median age 48.5
US median: 38.9
Less educated
20% hold a bachelor's degree
US average: 36%
Less affordable
home values up 27%, inflation adjusted
US median home: $376,019
Section 01

Population & growth

Total population
4,968
−4%since 2000
from 5,160 in 2000
1990 – 2025
Population density
1,140 / sq mi
−4%since 2000
from 1,185 / sq mi in 2000
US average: 281
Median age
48.5
+32%since 2000
from 36.7 in 2000
US average: 38.9

PEP 2025 EST:5,083 residents (Census Bureau Vintage 2025, released March 2026)

Population, 1990 – 2024
5K5K5K5K5K1990201020202024Franklin
20245K
1990201020202024
Section 02

Income & economy

Median household income
$92,744
+13%inflation adjusted, since 2000
from $44,985 in 2000
US average: $82,259
1990 – 2024
Per capita income
$43,657
+125%since 2000
from $19,386 in 2000
US average: $44,673
Households earning $100K+
57.1%
+18.0 ptssince 2009
from 39.1% in 2009
US average: 53.3%
Poverty rate
8.0%
+1.0 ptssince 2000
from 7.0% in 2000
US average: 12.5%
Income inequality (Gini)
0.387
−3%since 2010
from 0.400 in 2010
US average: 0.476
Workforce by industry, 2024
Information14.5%
US avg: 10.8%
Wholesale trade9.3%
US avg: 6.9%
Retail trade8.4%
US avg: 9.9%
Finance & insurance7.6%
US avg: 5.9%
Education & health services4.2%
US avg: 0.9%
Transportation & warehousing3.6%
US avg: 2.2%
Other services3.5%
US avg: 6.7%
Professional, scientific, technical3.4%
US avg: 5.1%
Public administration3.1%
US avg: 4.8%
Agriculture, forestry, fishing2.9%
US avg: 1.6%
Manufacturing2.5%
US avg: 0.4%
Arts, entertainment, food2.4%
US avg: 1.9%
Construction0.4%
US avg: 1.2%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03

Housing

Median home value
$272,600
+27%inflation adjusted, since 2000
from $117,700 in 2000
US average: $376,019
1990 – 2024
Median gross rent
$1,381
−2%inflation adjusted, since 2000
from $771 in 2000
US average: $1,442
Owner-occupied
56.2%
−16.4 ptssince 2000
from 72.6% in 2000
43.8% rent
Vacancy rate
2.8%
+2.3 ptssince 2009
from 0.5% in 2009
US average: 10.0%
Owner cost-burdened
38.4%
−2.5 ptssince 2009
from 40.9% in 2009
US average: 22.9%
Renter cost-burdened
40.7%
−11.8 ptssince 2009
from 52.5% in 2009
US average: 47.4%
Afford Score
2.9
+12%since 2000
from 2.6 in 2000
1990 – 2024
Gentrification Score
24
RELATED:See current rent listings in Franklin on RentDataNow
Section 04

Race & ethnicity

2000
White, non-Hispanic92.2%(4,755)
Black0.6%(30)
Hispanic / Latino4.4%(228)
Asian1.5%(76)
Other0%
Diversity Score15.6%(804)
2024
White, non-Hispanic72.5%(3,601)
Black0.6%(28)
Hispanic / Latino21.3%(1,057)
Asian0.1%(7)
Other5.5%(275)
Diversity Score53.3%(2,647)
Diversity Score
53
+242%since 2000
from 16 in 2000
1990 – 2024
Section 05

Education

Bachelor's degree or higher
19.7%
+4.4 ptssince 2000
from 15.3% in 2000
US average: 35.6%
High school or higher
91.6%
+4.8 ptssince 2000
from 86.8% in 2000
US average: 89.6%
Graduate degree
6.6%
+1.9 ptssince 2000
from 4.7% in 2000
US average: 14.0%
Section 06

Commute & transportation

Average commute
36.9 min
+23%since 2000
from 29.9 min in 2000
US average: 26.5
Drive alone to work
80.3%
−6.8 ptssince 2009
from 87.1% in 2009
US average: 68.9%
Carpooled to work
9.9%
+3.3 ptssince 2009
from 6.6% in 2009
US average: 8.5%
Public transit
0.5%
−0.2 ptssince 2009
from 0.7% in 2009
US average: 3.2%
Worked from home
6.3%
+4.7 ptssince 2009
from 1.6% in 2009
US average: 15.0%
Walked to work
1.5%
+1.5 ptssince 2009
from 0.0% in 2009
US average: 2.4%
Biked to work
0.0%
Unchangedsince 2009
from 0.0% in 2009
US average: 0.4%
No vehicle available
9.4%
+5.5 ptssince 2009
from 3.8% in 2009
US average: 8.3%
Section 07

Work & employment

Unemployment rate
7.2%
−2.7 ptssince 2011
from 9.9% in 2011
US average: 5.2%
Labor force participation
63.3%
−0.4 ptssince 2011
from 63.8% in 2011
US average: 63.5%
Self-employed
15.9%
+7.2 ptssince 2009
from 8.8% in 2009
US average: 13.1%
Management & professional
33.4%
−28.5 ptssince 2009
from 61.9% in 2009
US average: 42.5%
Section 08

People & community

Male
54.0%
+5.6 ptssince 2009
from 48.4% in 2009
Female
46.0%
−5.6 ptssince 2009
from 51.6% in 2009
Foreign born
10.9%
+3.1 ptssince 2009
from 7.8% in 2009
US average: 14.1%
Veterans
6.7%
−41.2 ptssince 2009
from 47.8% in 2009
US average: 6.2%
With a disability
13.2%
+1.2 ptssince 2012
from 12.0% in 2012
US average: 13.3%
Uninsured
7.2%
−80.4 ptssince 2013
from 87.6% in 2013
US average: 8.4%
Broadband at home
89.3%
+12.0 ptssince 2017
from 77.3% in 2017
US average: 91.0%
English only at home
82.0%
−7.6 ptssince 2016
from 89.6% in 2016
US average: 77.7%
Spanish at home
15.5%
+10.3 ptssince 2016
from 5.3% in 2016
US average: 13.6%
Drill deeper

Places similar to Franklin

Fort Myers Beach
Pop 5,287
Mount Plymouth
Pop 4,604
New Castle
Pop 5,726
Bay Harbor Islands
Pop 6,021
Places similar to Franklin
Head to head

Compare Franklin to nearby cities

FRANKLIN VS
Oak Ridge
Income$121,875+31%
Home value$436,100+60%
Population10,954+116%
SEE FULL COMPARISON →
FRANKLIN VS
Lake Mohawk
Income$149,135+61%
Home value$441,700+62%
Population9,508+87%
SEE FULL COMPARISON →
FRANKLIN VS
Newton
Income$76,221−18%
Home value$302,700+11%
Population8,486+67%
SEE FULL COMPARISON →
FRANKLIN VS
Lake Hopatcong
Income$117,625+27%
Home value$424,200+56%
Population10,259+102%
SEE FULL COMPARISON →
Frequently asked

How many people live in Franklin, New Jersey?

Franklin, New Jersey has about 4,968 residents according to the 2024 American Community Survey.

What is the median household income in Franklin, New Jersey?

The typical household in Franklin, New Jersey earns about $92,744 a year. Half of households make more than that, and half make less.

Is Franklin, New Jersey expensive?

In Franklin, New Jersey, the median home is worth about $272,600, and the typical rent is about $1,381 a month.

How educated are people in Franklin, New Jersey?

About 19.7% of adults age 25 and over in Franklin, New Jersey hold a bachelor's degree or higher.

What is the poverty rate in Franklin, New Jersey?

About 8.0% of people in Franklin, New Jersey live below the federal poverty line.

Has Franklin, New Jersey grown since 1990?

Yes, Franklin, New Jersey has shrunk since 1990. The population has lost about 9 residents, a change of about -0 percent over that period.

Keep going

Explore from here

Up the hierarchy
New Jersey
Rankings
Highest income citiesFastest growing citiesMost educated cities
Compare
Compare Franklin with another place

DATA: US CENSUS BUREAU ACS 5-YEAR + DECENNIAL CENSUS · UPDATED 2024

How we source and harmonize this data →