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CITY · 2020 ACS

Franklin

New Jersey · 4,912 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 $77,672. Population has declined 5% since 2000. 18% of adults hold a bachelor's degree or higher, below the national rate of 33%. Median home value has risen by half since 2000, reaching $188,000. With a median age of 45.8, the population is older than the US median of 38.8.

At a glance
Wealthier
above the US median
US median: $66,278
Older
median age 45.8
US median: 38.8
Less educated
18% hold a bachelor's degree
US average: 33%
Stable housing
home values roughly flat, inflation adjusted
US median home: $265,253
Section 01

Population & growth

Total population
4,912
−5%since 2000
from 5,160 in 2000
1990 – 2025
Population density
1,128 / sq mi
−5%since 2000
from 1,185 / sq mi in 2000
US average: 280
Median age
45.8
+25%since 2000
from 36.7 in 2000
US average: 38.8
Population, 1990 – 2024
5K5K5K5K5K1990201020202024Franklin
20245K
1990201020202024
Section 02

Income & economy

Median household income
$77,672
+15%inflation adjusted, since 2000
from $44,985 in 2000
US average: $66,278
1990 – 2024
Per capita income
$40,797
+110%since 2000
from $19,386 in 2000
US average: $35,364
Households earning $100K+
51.1%
+12.0 ptssince 2009
from 39.1% in 2009
US average: 43.9%
Poverty rate
7.2%
+0.2 ptssince 2000
from 7.0% in 2000
US average: 12.8%
Workforce by industry, 2020
Information16.5%
US avg: 11.1%
Retail trade11.3%
US avg: 10%
Wholesale trade7.6%
US avg: 6.7%
Finance & insurance7.4%
US avg: 5.5%
Other services5.2%
US avg: 6.6%
Education & health services4.2%
US avg: 0.8%
Transportation & warehousing3.9%
US avg: 2.5%
Professional, scientific, technical3.2%
US avg: 4.7%
Public administration3.2%
US avg: 4.7%
Arts, entertainment, food2.7%
US avg: 2%
Agriculture, forestry, fishing0%
US avg: 1.7%
Construction0%
US avg: 1.2%
Manufacturing0%
US avg: 0.5%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03

Housing

Median home value
$188,000
+6%inflation adjusted, since 2000
from $117,700 in 2000
US average: $265,253
1990 – 2024
Median gross rent
$1,105
−5%inflation adjusted, since 2000
from $771 in 2000
US average: $1,124
Owner-occupied
65.8%
−6.8 ptssince 2000
from 72.6% in 2000
34.2% rent
Afford Score
2.4
−7%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)
2020
White, non-Hispanic77.8%(3,822)
Black2.2%(108)
Hispanic / Latino13.5%(661)
Asian1.6%(78)
Other0.8%(39)
Diversity Score40.1%(1,968)
Diversity Score
40
+157%since 2000
from 16 in 2000
1990 – 2024
Section 05

Education

Bachelor's degree or higher
18.3%
+3.0 ptssince 2000
from 15.3% in 2000
US average: 32.9%
High school or higher
92.4%
+5.6 ptssince 2000
from 86.8% in 2000
US average: 88.5%
Graduate degree
4.8%
+0.1 ptssince 2000
from 4.7% in 2000
US average: 12.7%
Section 06

Commute & transportation

Average commute
35.4 min
+18%since 2000
from 29.9 min in 2000
US average: 26.9
Drive alone to work
84.5%
−2.6 ptssince 2009
from 87.1% in 2009
US average: 75.1%
No vehicle available
7.1%
+3.3 ptssince 2009
from 3.8% in 2009
US average: 8.4%
Section 07

Work & employment

Unemployment rate
6.3%
−3.6 ptssince 2011
from 9.9% in 2011
US average: 5.4%
Labor force participation
59.9%
−3.9 ptssince 2011
from 63.8% in 2011
US average: 63.4%
Management & professional
36.0%
−25.9 ptssince 2009
from 61.9% in 2009
US average: 39.3%
Section 08

People & community

Male
50.6%
+2.2 ptssince 2009
from 48.4% in 2009
Female
49.4%
−2.2 ptssince 2009
from 51.6% in 2009
Foreign born
4.0%
−3.8 ptssince 2009
from 7.8% in 2009
US average: 13.5%
Uninsured
4.7%
−82.9 ptssince 2013
from 87.6% in 2013
US average: 8.8%
Drill deeper

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Compare Franklin to nearby cities

FRANKLIN VS
Oak Ridge
Income$121,875+57%
Home value$436,100+132%
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FRANKLIN VS
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Income$149,135+92%
Home value$441,700+135%
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FRANKLIN VS
Newton
Income$76,221−2%
Home value$302,700+61%
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FRANKLIN VS
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Income$117,625+51%
Home value$424,200+126%
Population10,259+102%
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Frequently asked

How many people live in Franklin, New Jersey?

Franklin, New Jersey has about 4,912 residents according to the 2020 American Community Survey.

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

The typical household in Franklin, New Jersey earns about $77,672 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 $188,000, and the typical rent is about $1,105 a month.

How educated are people in Franklin, New Jersey?

About 18.3% 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 7.2% 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 65 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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