Franklin Square, NY
Population 30,559 · New York
About Franklin Square, NY
Franklin Square is a mid-sized city located in New York with a population of 30,559 residents according to the latest US Census Bureau American Community Survey data. The median household income is $140,051 per year, which is 86% above the national median of $75,149. The median age of 40.7 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Franklin Square features a median home value of $640,300, which is 161% above the national median of $244,900. This places Franklin Square in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $2,052, 76% above the national average of $1,163/month. Of the 10,062 total housing units, 83% are owner-occupied (8,083 units) and 17% are renter-occupied (1,653 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Franklin Square shows an unemployment rate of 5.0%, which is near the national rate of 3.7%. The poverty rate stands at 5.8%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Franklin Square have an average one-way commute time of 35.5 minutes, suggesting many residents commute to jobs in a nearby metro area.
Education & Demographics
38.0% of Franklin Square 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 1.3% White, 0.9% Hispanic or Latino, 4.2% Black or African American, and 14.4% Asian residents, with 26.9% of the population being foreign-born.
How Franklin Square Ranks in New York
Cost of Living in Franklin Square, NY
Compared to national averages, Franklin Square has a median household income of $140,051 (86% above the national median of $75,149). Home values average $640,300, which is 161% above the national median. Monthly rent at $2,052 is 76% above the US average of $1,163. Within New York, Franklin Square's income is 44% above the state average of $96,987, and home values are 65% above the state median of $387,181.
Why Live in Franklin Square, NY?
Franklin Square offers a strong local economy with a median household income of $140,051, well above the national average, and a well-educated community where 38.0% of residents hold a bachelor’s degree or higher, and a low poverty rate of 5.8%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $640,300. However, Franklin Square’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Franklin Square has a population of 30,559 with a median age of 40.7 years. Compare Franklin Square with other cities to see how it stacks up, or explore all cities in New York.
Similar Cities Near Franklin Square
Cities in New York with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| North Tonawanda | 30,338 | $66,774 | $184,900 | Compare |
| Middletown | 30,227 | $77,174 | $271,000 | Compare |
| Port Chester | 31,162 | $99,916 | $563,900 | Compare |
| Bay Shore | 31,275 | $101,695 | $467,800 | Compare |
| Centereach | 31,501 | $127,106 | $471,300 | Compare |
| Poughkeepsie | 31,778 | $60,050 | $259,200 | Compare |
| Ithaca | 31,792 | $48,617 | $330,100 | Compare |
| Rome | 31,795 | $58,857 | $137,200 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in New York
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Franklin Square With Other Cities
Frequently Asked Questions about Franklin Square
What is the population of Franklin Square, NY?
The population of Franklin Square, NY is 30,559 according to the latest US Census Bureau American Community Survey estimates. This makes it a mid-sized city in New York.
What is the median household income in Franklin Square?
The median household income in Franklin Square, NY is $140,051 per year, which is 86% above the national median of $75,149.
What is the median home value in Franklin Square?
The median home value in Franklin Square, NY is $640,300, which is 161% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Franklin Square?
The median monthly rent in Franklin Square, NY is $2,052, which is 76% above the national average of $1,163/month.
What is the unemployment rate in Franklin Square?
The unemployment rate in Franklin Square, NY is 5.0%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Franklin Square, NY a good place to live?
Franklin Square offers above-average incomes, a competitive housing market, and growing employment opportunities. With a population of 30,559 and a median age of 40.7, the city appeals to a broad range of residents.
How educated is Franklin Square, NY?
38.0% of residents in Franklin Square aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Franklin Square?
Key cost-of-living indicators for Franklin Square, NY: median home value is $640,300 (161% above national), median rent is $2,052/month, and median household income is $140,051. The home-value-to-income ratio is 4.6x, a moderate figure by national standards.
What is the poverty rate in Franklin Square?
The poverty rate in Franklin Square, NY is 5.8%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Franklin Square, NY?
Franklin Square's population is 1.3% White, 0.9% Hispanic or Latino, 4.2% Black or African American, 14.4% Asian, and 5.1% two or more races. 26.9% of residents are foreign-born.