Franklin, NJ
Population 4,938 · New Jersey
About Franklin, NJ
Franklin is a small community in New Jersey with a population of 4,938 residents. The median household income is $90,152 per year, which is above the national average. The median age in Franklin is 51.6 years.
Housing in Franklin has a median home value of $253,100 and median monthly rent of $1,340. Of the 2,359 total housing units, the majority are owner-occupied, with 1,284 owner-occupied and 968 renter-occupied units.
The unemployment rate in Franklin is 7.1% and the poverty rate is 8.0%. 19.5% of residents hold a bachelor's degree or higher. The average commute time is 35.3 minutes.
Cost of Living in Franklin, NJ
Compared to national averages, Franklin has a median household income of $90,152 (20% above the national median of $75,149). Home values average $253,100, which is 3% above the national median. Monthly rent at $1,340 is 15% above the US average of $1,163. Within New Jersey, Franklin's income is 22% below the state average of $115,667, and home values are 46% below the state median of $469,644.
Why Live in Franklin, NJ?
Franklin offers a strong local economy with a median household income of $90,152, well above the national average, and a low poverty rate of 8.0%, better than the national average.
Franklin has a population of 4,938 with a median age of 51.6 years. Compare Franklin with other cities to see how it stacks up, or explore all cities in New Jersey.
Similar Cities Near Franklin
Cities in New Jersey with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Brielle | 4,960 | $167,754 | $815,100 | Compare |
| Demarest | 4,916 | $175,078 | $965,400 | Compare |
| Ampere North | 4,968 | $71,192 | $358,000 | Compare |
| Mendham | 4,977 | $223,750 | $764,000 | Compare |
| Golden Triangle | 4,893 | $101,411 | $280,800 | Compare |
| Forked River | 4,988 | $87,455 | $404,600 | Compare |
| Flemington | 4,887 | $74,213 | $372,700 | Compare |
| Harrington Park | 4,883 | $180,515 | $709,200 | 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 Franklin With Other Cities
Frequently Asked Questions about Franklin
What is the population of Franklin, NJ?
The population of Franklin, NJ is 4,938 according to the latest Census data.
What is the median household income in Franklin?
The median household income in Franklin, NJ is $90,152 per year.
What is the median home value in Franklin?
The median home value in Franklin, NJ is $253,100.
What is the average rent in Franklin?
The median monthly rent in Franklin, NJ is $1,340.
What is the unemployment rate in Franklin?
The unemployment rate in Franklin, NJ is 7.1%.