Median Household Income
$92,744 ± $17,651
Median Home Value
$272,600 ± $17,162
Median Gross Rent
$1,381 ± $62/mo
Per Capita Income
$43,657
Poverty Rate
8.0%
Unemployment Rate
7.2%
Homeownership Rate
56.2%
Bachelor's Degree or Higher
19.7%
Median Age
48.5
Average Commute
35 min
Households
2,224
Veterans
274
Population Over Time
Franklin shrank 0.5% from 2014 to 2024.
2014
4,994
2016
4,888
2018
4,807
2020
4,737
2022
4,933
2024
4,968
Population by Race & Ethnicity
White
76.2%
Hispanic or Latino
21.3%
Black or African American
1.5%
Asian
0.1%
Nearby Cities in New Jersey
Source: U.S. Census Bureau, American Community Survey, ACS 2020-2024. Estimates carry a margin of error (shown as ±) inherent to ACS's sample-based methodology.