Folsom, NJ
Population 1,732 · New Jersey
About Folsom, NJ
Folsom is a small town located in New Jersey with a population of 1,732 residents according to the latest US Census Bureau American Community Survey data. The median household income is $112,857 per year, which is 50% above the national median of $75,149. The median age of 43.4 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Folsom features a median home value of $247,900, which is 1% above the national median of $244,900. This positions Folsom in a moderately priced market relative to the rest of the country. Median monthly rent is $1,701, 46% above the national average of $1,163/month. Of the 686 total housing units, 92% are owner-occupied (611 units) and 8% are renter-occupied (51 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Folsom shows an unemployment rate of 9.1%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 6.3%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Folsom have an average one-way commute time of 34.6 minutes.
Education & Demographics
29.7% of Folsom residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 3.5% White, 0.2% Hispanic or Latino, 4.3% Black or African American, and 1.9% Asian residents, with 2.5% of the population being foreign-born.
Cost of Living in Folsom, NJ
Compared to national averages, Folsom has a median household income of $112,857 (50% above the national median of $75,149). Home values average $247,900, which is 1% above the national median. Monthly rent at $1,701 is 46% above the US average of $1,163. Within New Jersey, Folsom's income is 2% below the state average of $115,667, and home values are 47% below the state median of $469,644.
Why Live in Folsom, NJ?
Folsom offers a strong local economy with a median household income of $112,857, well above the national average, and a low poverty rate of 6.3%, better than the national average.
Folsom has a population of 1,732 with a median age of 43.4 years. Compare Folsom with other cities to see how it stacks up, or explore all cities in New Jersey.
Similar Cities Near Folsom
Cities in New Jersey with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Mickleton | 1,734 | $125,430 | $347,900 | Compare |
| Kenvil | 1,719 | $81,250 | $338,800 | Compare |
| Annandale | 1,751 | $149,886 | $482,700 | Compare |
| Glen Gardner | 1,702 | $98,750 | $280,000 | Compare |
| Port Norris | 1,702 | $42,635 | $120,100 | Compare |
| Ocean Gate | 1,768 | $75,278 | $342,100 | Compare |
| Island Heights | 1,691 | $107,308 | $492,600 | Compare |
| Voorhees | 1,775 | $66,927 | $361,300 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in New Jersey
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Folsom With Other Cities
Frequently Asked Questions about Folsom
What is the population of Folsom, NJ?
The population of Folsom, NJ is 1,732 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in New Jersey.
What is the median household income in Folsom?
The median household income in Folsom, NJ is $112,857 per year, which is 50% above the national median of $75,149.
What is the median home value in Folsom?
The median home value in Folsom, NJ is $247,900, which is 1% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Folsom?
The median monthly rent in Folsom, NJ is $1,701, which is 46% above the national average of $1,163/month.
What is the unemployment rate in Folsom?
The unemployment rate in Folsom, NJ is 9.1%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Folsom, NJ a good place to live?
Folsom offers above-average incomes, a competitive housing market, and growing employment opportunities. With a population of 1,732 and a median age of 43.4, the city appeals to a broad range of residents.
How educated is Folsom, NJ?
29.7% of residents in Folsom aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Folsom?
Key cost-of-living indicators for Folsom, NJ: median home value is $247,900 (1% above national), median rent is $1,701/month, and median household income is $112,857. The home-value-to-income ratio is 2.2x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Folsom?
The poverty rate in Folsom, NJ is 6.3%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Folsom, NJ?
Folsom's population is 3.5% White, 0.2% Hispanic or Latino, 4.3% Black or African American, 1.9% Asian, and 0.6% two or more races. 2.5% of residents are foreign-born.