Franklin Center, NJ
Population 5,770 · New Jersey
About Franklin Center, NJ
Franklin Center is a small community in New Jersey with a population of 5,770 residents. The median household income is $138,643 per year, which is above the national average. The median age in Franklin Center is 56.4 years.
Housing in Franklin Center has a median home value of $565,200 and median monthly rent of $2,588. Of the 2,592 total housing units, the majority are owner-occupied, with 1,772 owner-occupied and 781 renter-occupied units.
The unemployment rate in Franklin Center is 4.9% and the poverty rate is 5.6%. 68.2% of residents hold a bachelor's degree or higher. The average commute time is 35.4 minutes.
Cost of Living in Franklin Center, NJ
Compared to national averages, Franklin Center has a median household income of $138,643 (84% above the national median of $75,149). Home values average $565,200, which is 131% above the national median. Monthly rent at $2,588 is 123% above the US average of $1,163. Within New Jersey, Franklin Center's income is 20% above the state average of $115,667, and home values are 20% above the state median of $469,644.
Why Live in Franklin Center, NJ?
Franklin Center offers a strong local economy with a median household income of $138,643, well above the national average, and a well-educated community where 68.2% of residents hold a bachelor’s degree or higher, and a low poverty rate of 5.6%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $565,200. However, Franklin Center’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Franklin Center has a population of 5,770 with a median age of 56.4 years. Compare Franklin Center with other cities to see how it stacks up, or explore all cities in New Jersey.
Similar Cities Near Franklin Center
Cities in New Jersey with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Jamesburg | 5,763 | $117,719 | $344,900 | Compare |
| Rutgers University-Busch Campus | 5,747 | $118,750 | $0 | Compare |
| Union Beach | 5,722 | $128,400 | $452,900 | Compare |
| Belmar | 5,861 | $92,859 | $771,400 | Compare |
| Hightstown | 5,869 | $107,431 | $333,200 | Compare |
| Norwood | 5,668 | $164,766 | $676,400 | Compare |
| Vauxhall | 5,875 | $106,962 | $354,300 | Compare |
| Old Tappan | 5,896 | $199,250 | $910,600 | 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 Center With Other Cities
Frequently Asked Questions about Franklin Center
What is the population of Franklin Center, NJ?
The population of Franklin Center, NJ is 5,770 according to the latest Census data.
What is the median household income in Franklin Center?
The median household income in Franklin Center, NJ is $138,643 per year.
What is the median home value in Franklin Center?
The median home value in Franklin Center, NJ is $565,200.
What is the average rent in Franklin Center?
The median monthly rent in Franklin Center, NJ is $2,588.
What is the unemployment rate in Franklin Center?
The unemployment rate in Franklin Center, NJ is 4.9%.