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CITY · 2010 ACS

Franklin

New Jersey · 5,045 residents · 4.356 sq mi
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The short version

Franklin is wealthier than most US places, with a median household income of $62,813. Population has held roughly steady since 2000. Median home value has more than doubled since 2000, reaching $232,900. Poverty is rare here, at 6.5% of residents.

At a glance
Wealthier
above the US median
US median: $52,703
Older
median age 41.3
US median: 37.2
Less educated
22% hold a bachelor's degree
US average: 28%
Less affordable
home values up 56%, inflation adjusted
US median home: $225,659
Section 01

Population & growth

Total population
5,045
−2%since 2000
from 5,160 in 2000
1990 – 2025
Population density
1,158 / sq mi
−2%since 2000
from 1,185 / sq mi in 2000
US average: 261
Median age
41.3
+13%since 2000
from 36.7 in 2000
US average: 37.2
Population, 1990 – 2024
5K5K5K5K5K1990201020202024Franklin
20245K
1990201020202024
Section 02

Income & economy

Median household income
$62,813
+10%inflation adjusted, since 2000
from $44,985 in 2000
US average: $52,703
1990 – 2024
Per capita income
$29,708
+53%since 2000
from $19,386 in 2000
US average: $27,286
Households earning $100K+
42.0%
+2.9 ptssince 2009
from 39.1% in 2009
US average: 33.3%
Poverty rate
6.5%
−0.5 ptssince 2000
from 7.0% in 2000
US average: 13.8%
Income inequality (Gini)
0.400
US average: 0.461
Workforce by industry, 2010
Information12.5%
US avg: 11.5%
Retail trade8.4%
US avg: 10.9%
Finance & insurance7.1%
US avg: 5.1%
Wholesale trade6.7%
US avg: 7.2%
Professional, scientific, technical5.6%
US avg: 4.2%
Other services4.8%
US avg: 7%
Public administration3.8%
US avg: 4.9%
Transportation & warehousing3.2%
US avg: 3.1%
Education & health services1.5%
US avg: 0.9%
Arts, entertainment, food1.2%
US avg: 2.4%
Agriculture, forestry, fishing0%
US avg: 1.9%
Construction0%
US avg: 1.4%
Manufacturing0%
US avg: 0.5%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03

Housing

Median home value
$232,900
+56%inflation adjusted, since 2000
from $117,700 in 2000
US average: $225,659
1990 – 2024
Median gross rent
$1,120
+15%inflation adjusted, since 2000
from $771 in 2000
US average: $853
Owner-occupied
51.4%
−21.2 ptssince 2000
from 72.6% in 2000
29.0% rent
Vacancy rate
4.6%
+4.2 ptssince 2009
from 0.5% in 2009
US average: 12.1%
Owner cost-burdened
39.3%
−1.6 ptssince 2009
from 40.9% in 2009
US average: 30.9%
Renter cost-burdened
62.7%
+10.2 ptssince 2009
from 52.5% in 2009
US average: 46.8%
Afford Score
3.7
+42%since 2000
from 2.6 in 2000
1990 – 2024
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)
2010
White, non-Hispanic86.5%(4,362)
Black1.9%(95)
Hispanic / Latino7.8%(395)
Asian1.7%(88)
Other1.2%(59)
Diversity Score29%(1,461)
Diversity Score
29
+86%since 2000
from 16 in 2000
1990 – 2024
Section 05

Education

Bachelor's degree or higher
22.2%
+6.9 ptssince 2000
from 15.3% in 2000
US average: 27.9%
High school or higher
87.4%
+0.6 ptssince 2000
from 86.8% in 2000
US average: 84.9%
Graduate degree
7.9%
+3.2 ptssince 2000
from 4.7% in 2000
US average: 10.2%
Section 06

Commute & transportation

Average commute
35.4 min
+18%since 2000
from 29.9 min in 2000
US average: 25.2
Drive alone to work
87.0%
−0.1 ptssince 2009
from 87.1% in 2009
US average: 76.2%
Carpooled to work
7.1%
+0.5 ptssince 2009
from 6.6% in 2009
US average: 10.4%
Public transit
0.6%
−0.1 ptssince 2009
from 0.7% in 2009
US average: 4.7%
Worked from home
2.6%
+1.0 ptssince 2009
from 1.6% in 2009
US average: 4.1%
Walked to work
0.0%
Unchangedsince 2009
from 0.0% in 2009
US average: 2.8%
Biked to work
0.0%
Unchangedsince 2009
from 0.0% in 2009
US average: 0.5%
No vehicle available
4.9%
+1.1 ptssince 2009
from 3.8% in 2009
US average: 8.7%
Section 07

Work & employment

Self-employed
12.4%
+3.6 ptssince 2009
from 8.8% in 2009
US average: 12.9%
Management & professional
33.9%
−27.9 ptssince 2009
from 61.9% in 2009
US average: 35.2%
Section 08

People & community

Male
48.5%
+0.1 ptssince 2009
from 48.4% in 2009
Female
51.5%
−0.1 ptssince 2009
from 51.6% in 2009
Foreign born
9.2%
+1.5 ptssince 2009
from 7.8% in 2009
US average: 12.8%
Veterans
11.1%
−36.7 ptssince 2009
from 47.8% in 2009
US average: 9.9%
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Compare Franklin to nearby cities

FRANKLIN VS
Oak Ridge
Income$121,875+94%
Home value$436,100+87%
Population10,954+116%
SEE FULL COMPARISON →
FRANKLIN VS
Lake Mohawk
Income$149,135+137%
Home value$441,700+90%
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FRANKLIN VS
Newton
Income$76,221+21%
Home value$302,700+30%
Population8,486+67%
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FRANKLIN VS
Lake Hopatcong
Income$117,625+87%
Home value$424,200+82%
Population10,259+102%
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Frequently asked

How many people live in Franklin, New Jersey?

Franklin, New Jersey has about 5,045 residents according to the 2010 American Community Survey.

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

The typical household in Franklin, New Jersey earns about $62,813 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 $232,900, and the typical rent is about $1,120 a month.

How educated are people in Franklin, New Jersey?

About 22.2% 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 6.5% of people in Franklin, New Jersey live below the federal poverty line.

Has Franklin, New Jersey grown since 1990?

Yes, Franklin, New Jersey has grown since 1990. The population has added about 68 residents, a change of about 1 percent over that period.

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

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